EURAUD SELL FUNDAMENTAL: EUR LEI is on decreasing side, with poor BP and NFP, along with CPI. AUD on the other side is performing well on LEI, with better BP, Norders, IR, PPI, Govt, Budget Scores informs us about strong position of AUD vs EUR Ammar bhai's model shows us continuous sell from Apr24 on EURAUD, with 4 sell on Jun, 3 sell Jul, and 3 sell on...
Daily: Price is at its supply zone region. crossing up will take it to 12000ish region, and then trend-line, afterwards .618 fib level of previous LH to LL. A falling small trend line may also act as resistance. There is a pattern here on Daily Time Frame: after completing and achieving its leg target (purple lines), price retraces a bit around 12% (marked in...
On Daily: price is moving in downwards channel H&S target and redline marked falls are achieved, after which price is going up There is another pattern which happened twice before, marked in yellow ovals. after reaching the trend-line support, price retraces up, and then fall again to re-test the trend-line. Here price rejected from the orange marked region....
ASX 200: bearish divergence at the top, and rejected from resistance zone as well. Right now at its hourly support of .618 Fib. Breaking this level tomorrow morning will take the price to .786 region, and after that 6400 support. at 15 mins TF, a series of LH, LLs have been created already.
BTC is on a very critical position right now. This highlighted resistance is respected previously as well. FIB .5 level is also present in this resistance area. Suppliers' Order block availability as well. Hourly Divergence found on RSI also. If this area gets violated, long orders can be placed. if rejected, a short entry can be taken until the weekly support area.
The falling wedge pattern can be seen here. upwards breakout was given, but the price came back to retest the breakout region. Price made a double top, and double bottom, after which it broke its support. if it bounces back then one can say that it will go towards its target, if the bounce fails then it will go down in the wedge again. *News: Winters will be...
BEARISH TREND CONTINUES LH , LL formations Price took rejection from 61.80 % FIB level, along with the Trendline, acting as Resistance. Currently, price is getting rejected from 78.60 % FIB and Hourly Resistance. In this process, a LL, and LH are created Bearish Engulfing found at LH Strong Daily support lies below, if it is broken, a short entry will be taken.
DAILY: took support from lower Daily support, and created a hammer. price is stucked in this box, taking rejection from top (marked). can be longed here to test upper rejection Daily. Hourly: creating HH, HL from daily support. crossed its own Hourly Resistance as well. Entry taken at 84.00 when resistance was crossed. TP 1: 123.6 fib TP 2: 138.2 fib TP 3: 150...
DAILY: price broke up from its daily support. right now it is on Daily minor support (red line). but on daily time it is still bearish as previous LH is not broken, which is also a minor daily resistance at 1.23500. to become bullish it has to break it. Hourly: Price took rejection from the upper trend line, and 78.6% FIB. came back down to its trendline support,...
Daily: following LH, LL formations. if this Support is broken, then it can go down to test previous support, and more down on its 1680ish support. if that is broken, then it may test FIB 50% Daily support at 1611, and where parallel channel's trend line rests. Hourly: It is in bullish trend, but took a resistance on falling trend line, and made LL, instead of LH....
Bearish structure respecting the trendline short entry can be taken here till Daily support if it breaks that then next target is marked
will history repeat itself? after every sideway movement, we see a downfall 4 times it happened already. I would short it, with tight SL placed on the top of 4 hrs Resistance.
BEARISH STRUCTURE ON HOURLY LH, LLs Multiple Tweezers Top spotted on LHs Rejection from FIB 38.2% level Entry: .97208 SL: .97420 just above LH / FIB 38.2% TP 1 has been set to FIB 50% retracement, at .96909 TP 2 set at 61.80% at .96448
Bearish structure LH, LL formation following On Daily chart, the price is taking rejection from 78.6 % FIB level, causing another LH. On Hourly chart, the price action continues. Taking rejection from Hourly R Support of Daily just below, from where it did react on Hourly as well. If this Support breaks, a Short entry will be taken for target of the previous LL.
Bullish Trend on Hourly Time frame HH, HL in formation Bullish Engulfing candle formed at HL Respecting the yellow highlighted area, where FIB 38.20 and Daily support rests Entry was taken accordingly at 1727 SL placed below recent HL at 1719 TP 1 is FIB 100% TP 2 1745 (previous FIB level)