expecting more downside pressure after this 38 fib rejection
the overall move is on an upward trend going down to 15m chart, I'm looking to sell the double top I'm looking to exit the sell around the 61.8% retracement of the move upwards and look to see what price action does at this blue zone scoping out the price action at this blue zone will tell me if I want to go for the buy this is in correlation with other GBP...
- bearish DXY bias - shooting star -> double top -> bearish engulfing on 4H - confluence with a 61.8 fib retracement to the golden pocket - risk to reward is a little off because of the timing but you can target 50 pips
- EU has found support on the 4H 200 EMA, and is making a "W" formation, which is commonly seen in the markets. Moves off of the 4H 200 EMA can expect 100+ pips every time - EU has found support on the 2H 200 EMA, and is also making the "W" formation - On August 5th, EU had a large daily candle with lots of momentum and broke through resistance. It then found...
- simple 61.8 fib idea - look for entries inside of the golden pocket (area between 61.8 and 78.6 fib levels). the market may give us another chance to enter before the day is over - use fib levels below as targets
- just recently broke through monthly support - break of trendline and retest of trendline - bearish GU - daily rejections of monthly support/resistance zone SL: ~30 pips TP: 60+ pips
In order for this 10 year long bull run to continue, the market needs to see a strong break of 27,000 in the Dow Jones Industrial Average. The last two times we approached 27,000 we reached 26,670.2 and then a higher high of 26,939.2. After creating this high, it has been in a downtrend ever since. Technicals: I have a trendline drawn from the October 3rd, 2018...
us30 long if it can break resistance and retest it as support
usdcad sell idea. what are your thoughts?
oil on a strong uptrend. at .618 retracement. wait for price action to confirm