1. MULTIPLE CONFLUENCES 2. TRND LINE BREAK ON 4 HOUR AND BULLISH ENGULFING 3. PREVIOUS SUPPORT TURNED RESISTANCE IS TARGET 4. IDEALLY A TREND LINE TOUCH OR FORMER DEMAND LEVEL MUST BE MET TO ENTER
Solid head and shoulders .618 finding support OBV is creating divergenceTP lines up with major QP Engulfing candle for entry
bullish divergence / AB-CD extension completion/ -.618 extension confluence with QP / we need a bullish candle to English and we have to watch for the head and shoulders that formed on higher time frame. if we can trade above the qp acting as resistance we can see that extension being met
Here's free bee / head and shoulders on daily/
We can see It creating new highs extension after extension ab-cd taking it to next confluence TP
Need some thing to happen before we short like a double top or clear rejection of the QP we do have bearish divergence at a major QP,and looks like a fake out to the qp taking back down to previous lows to secure profits
see previous post why we are bullish and other price targets. ENJOY THE FREE MONEY
SOME CONFLUENCES THAT WE ARE KEEPING ALIVE WITH THE TREND TP @1.700 IF WE BREAK TRENDLINE ABOVE. WE WILL REANALYZE THE CHARTS
Major head and shoulders bullish divergence to confirm on 4 hr we do need a clear trend line break and bulls entering Short term profit @ $123.750 easy 70 pips. IF NO TREND LINE BREAK WE WILL NOT ENTER. IF IT ENETERS THE BUY ZONE HIGHLIGHTED IN YELLOW, WE WILL LOOK FOR BUYS. AGAIN A TREND LINE MUST BE BROKE!
1. Bullish divergence on 4hr 2. Multiple trending breaks 3. AB-CD extension forming and completed previously 4. -0.27 aligns with major QP Stay Tuned
over bought @ extension bearish divergence on hourly and 4 hour take it 150 pips or to past resistance turned support.
Previous post had the head and shoulders forming.
multiple confluences engulfing candle fib lines up with 200 ma
1. BULLISH BAT HARMONIC 2. TREND LINE TOUCH LONG TERM 3.BULLISH DIVERGENCE 4. BULLISH CANDLE TO INDICATE BUYERS IN THE MARKET
1.BULLISH DIVERGENCE 2.BREAK AND TRADE ABOVE THE 200 EMA 3. LOOK FOR COMEBACK TO RETEST 200 EMA OR FORMER RESISTANCE TURNED SUPPORT