Double bottom on Daily timeframe at strong support level - reversing the trend. Long position to the last 4H level of resistance.
Wedge formation + 4H breakout. We will wait for retracement to the last red 4H candle and if we see proper price action on 4H, we will enter the market with buy order.
1.3200 is a stron Monthly and weekly support and we expect some retracement to the 0.382 fibo level on the previous long downtrend movement, which aligns with a previous daily resistance structure, before the market to continue and test again 1.3200. We have a good engulfing 4H candle and we will put a pending buy limit order to the previous 4H support level.
Bullish break out of the H1 bearish trend line which is a retracement of bigger daily bullish movement. the retracement was deep - until 0.786 of fibonacci. Target - 1.272 by fibonacci of the retracement.
Strong daily support, if we see 4H engulfing candle, followed by a small retracement for retesting the previous 4H strong level, we will buy in the daily trend direction right to the 1.272 Fibonacci level of the previous retracement.
4H double top formation + Engulfing 4H candle closed under 4H trend line breakout.
Triangle breakout downside. We are still waiting a little retracement to test the down border of the triangle and if can`t break it, we will sell to 1.1133
The price reached a strong level of support. If the price doesn't cross under it, this will be a strong signal for BUY.
The price crossed the downtrned line and then returned again to it. 117.50 - 117.90 is a strong level of support. If the price doesn't cross under 117.50, then this would be strong BUY signal which will drive the price at levels of 121.00 and if the uptrend is still available it would reach 123.60 .