we see that after the price exits the current liquidity area, a slight false breakout may appear as a liquidity sweep in the 1.272 area (1.35700 - 1.35710). then after the price fails at this level it is very likely that the price will retest the 1.38000 area, which is a fairly good sell area.
After the price breaks the multiple structure, then the 150,500 area becomes an important level. Currently the price is just trying to return towards the 0.786 Fib area. after that the price will retest the price level around 150,500 - 150,700. Once the price reaches this area, further confirmation is needed for bearish action.
I feel that a few days earlier the pound had good interest, the strengthening of fundamental factors became the main supporting force. Even though the dollar index is still positive, I am still very careful about the current situation, there are many possibilities that could happen. but on the positive side the pound still has a chance to set new highs. buying in...
In my opinion, even though the euro is in the buy order block area, it still doesn't show any buying momentum, there may still be opportunities to sell. testing the price after the breakout will again push the price even lower, this opinion is in response to the dollar index (DXY) which is still positive.
- Breakout Pattern - reject candle (4h) , if out from sideways zone , wait confirmation bulish candle for look opurtunity buying option.. good luck
Reason : - Price breakout the trend channel last week - Price Breakout the second suport area at 109.792 - 5 candle close below 200 EMA and did not touch these line (Reversal Signal) for bearish continuation - Next Target Posible at area between 109.337 - 109.191
Reasoning ( at Scenario 2) : - The Area between 0.92005 and 0.91801 has been tested at multiple time (See chart D1) when the price touches this area, the price goes back down. - The price dropped and touched the 200 EMA, the possibility of the price going back down or sideway near this area. - The price has broken out forming a lower LL value (see TF H4) - EMA...
Condition - 2 Candle Bulish Cross above EMA 200 (reversal sign) - Wait Double bottom Near SNR area of determination - Bulish confirmation candle at bottom 2 R : R , 1 : 1.5 Good Luck and be Fleksible ..
Condition - EMA 50 Below EMA 200 at H4 - EMA 50 was cross EMA200 at H4 - Deep pullback after breakout 3 suport area, - rejection at EMA 200 (weak trend) - if price rejection at EMA 200, then next red candle bearish close below previous candle (rejection candle) see TF H1 R:R = 1:1 Entry : 1.26825 Stop : 1.27714 Take Profit : 1.25936
USDCAD bullish momentum - Price above EMA 50 - Double Bottom and break neckline - confirmation bulish candle close above neckline - R : R, 1:1 or 1:2 - be flexible
price still continue to short, wait and see Double top pattern and confirmation candle bearish R:R , 1:1 or 1:1,5 ..
after price break the support area , then price pullback, " Wait double top pattern under EMA 50 and confirmation candle (bearish) for SHORT Ideas.. Target Near Support Area at D1.
after break near resistance H4 , USDCHF will continue for Bulish.. Wait for Rejection at area above EMA 50
its my prediction today for swiss / yen (bullish momentum)
NZDUSD The Ascending wedge and test resistance multiple time, and above 100EMA its opurtunity for long position, R:R , 1 : 1,4 or 1:1, be flexible