StrataOrion

StrataOrion

Looking to see price maintain temporary upward trending supporting trending lines into supply, if the upward trend is broken we will, therefore, shift our biases to a downward bias.

StrataOrion

Currently in a major long term uptrend channel, watching to see if trendline is respected, hence continuing the uptrend, but if price manages to break the trendline change bias looking only for short on the retest of structure or trendline.

StrataOrion

Expecting the price to push to target indicated by the red line, assisted by the major longer term uptrend trendline. Please note if price manages to break short term bull flag trendline we should only be looking for long entries.

StrataOrion

Looking for price to confirm outcome, see explanation on the chart.

StrataOrion

The pattern which completes the ABC pattern, to profit target 161.8% level. Looking for the price to break above the neckline and continue to intended target, if not and the Head & Shoulders pattern fails we can expect further south price movement.

StrataOrion

Look for price to break compressing triangle.

StrataOrion

If trend lines hold & confirm with price action then the green line is my target.

StrataOrion

If price manages to break trendline then on the retest of the trendline look for longs to the 161.8% level illustrated on the chart.

StrataOrion

Looking for the price to break H4 triangle, and completing the ABC pattern.

StrataOrion

Long-Bias - Price is pushing down to the 78.6 Retracement level, accompanied by a compressing reversal pattern and major support from the long-term trend line does stack the odds in our favor, which makes this setup ideal for an reversal setup. “Trading The World” – “The Clinical Error” – Please support the movement, “Trading The World” one PIP at a time....

StrataOrion

Long Bias -- Compressing triangle, reversal pattern, into support trendline.

StrataOrion

Short Bias - Price manages to break the bearish flag setup, confirming the 4 wave. Expected target would be for price to push into demand, supported by the Fib Extention of 50% thus completing the 5th wave.

StrataOrion

The restriction of price movement is a strong indication of possible price breakout. Looking for possible short setup as indicated using the arrows on the chart. Definitely looking for price to break below 1.33679 level at which would indicate lower possible movements.

StrataOrion

Short Bias - Looking for the price to break out of up trending channel, and upon retest go short.

StrataOrion

Currently, waiting to see temporary bull flag breaks for another test of the "Resistant Trendline" which if respected could see the price being pushed down to 78.6% or 100% Extension represented on the second chart below. But the "Resistant Trendline" fails to keep the price down, then I would change bias to long after price manages to break past 1.06412 level...

StrataOrion Updated 

For the interim, I am Neutral on this pair until I see how price action reacts upon the approach of the Up-Trend Trendline. If it respects the Up-Trend Trendline, then I will look for longs towards Down-Trend Trendline, but it if manages to break the Up-Trend Trendline, upon retest look for possible short into supply zone which is also a significant support level...

StrataOrion Updated 

Entry -- Price action is pointing to a short bias, with price action respecting major "resistant trendline" causing, price to break the uptrend trending & support to turn resistance, thus triggering a short bias. The point of entry with the best possible odds for the trader is indicated on the chart, which is a classic retest point of entry, which would prove to...