Where where where do we find support. As of now looking @ 92.48 and 92.38 but until the short term momenteum shifts on the 180 its hard to tell. The 180 chart is still showing longer term bullish momenteum, Watch your fib levels and 100 and 200 MA for possible support and a shift in momenteum. 180 is technically in the cycle low zone but until a shift in KD...
in a contraction pattern. our favorite pattern, because the market basically has 2 phases. contraction and expansion. we would perfer price to travel to the bottom of the box one more time for a lower risk long entry. IF price breaks out of the box here we will sit on the sidelines and wait for the next cycle low. but AJ is on the watch list
Is it short time? If candle closes down with K hook on the 60 and momenteum remains down on the 180( MACD grey line) Entry will be 1 pip plus spread below the candle that created the KD Hook on the 60
Short your favorite reversal pattern. an intersting side note. the ideal H&S pattern when shorting has a higher right neckline AND is aslo a double pattern. Symmetrical triangle. Short opt KD cross on the 60 and momenteum down (MACD grey) on the 180 down. just waiting for the trigger on candle close
TL break. Short on the 120...plus divergence on the 40
Squeeze on the 30 m chart. Market truely only has two phases. Contraction and expansion. Contraction is my favorite pattern. The trick is which way will price go from inside contraction. The next higher TF (3:1 raiot) may hold the answer on a probability basis. The 90M chart is extended with momentum down. A KD hook down might be the trigger for a short potential.
30M TF squeeze. If price can hold above 92:20 We might get a chance to 92:50 A hold above there changes the game for the dollar. At least short term.
Long opt. wait for KD hook on H1TF and K hook on 180 chart ( alignment of energies)
High Probability Reversal zone. A confluence of resistance. Aligning KD hooks on the two TFs could turn this pair down.
Second Chance long pot. The first long attempt Stopped out ( hoepefully you use proper money management and stopped out at atleast even) This is a higher probabiltiy long opt. "IF" we go long it will be in alignmeent with the longer TF. Wait for the KD hooks after candle close.
TL cross. Trend continuation Potential. enter 1 pip above candle that created KD cross on 30M
Contertrend scalp. Wait for volatility to fade on the 10 m chart and K hook on the 30 m chart. Usual target is to tak half position off when price hits 15 ma on 30m chart. move to brak even and let the remain position ride
Price outside of the bands? Short when price trades below pink line.
A shift in momentum @ a high confluence area @ an extended trend. Possible Shift in price coming to the upside. Watch for a lower low while momentum continues to drift sideways or up. Does this suggest a reversal. No. But it does suggest a higher high to the 94.40 area. (red boxes are high confluence areas and points of interest)