Possible long entry on retest of 4HR: - Has currently respected the 50% fib level - Respected the ascending TL - Candlestick patterns
Possible long idea, however I will take it upon it breaking and retesting the resistance zone above current price to ensure confirmation of uptrend.
Possible sell idea here, however also a possible long idea if the trendline breaks. I will be watching for break/continuation and also retests before I enter.
Possible long entry: - Possible chance for correction before continuation of uptrend - Correction possible as it has ended below the psychological 1.25000 level - If correction does happen and the market has started to reverse on the psych level, the fib drew out should be valid and the 50% level is there If the market decides to continue without retracing, I...
Possible short trade from the yellow resistance zone: - Daily resistance - Correction possible after the recent bullish move - Continuation of bearish trend However, it may reverse at the zone it is already on for some sort of correction. If the yellow resistance zone breaks, it may fakeout to double top with the light green resistance zone at the top....
Possible long trade: - Has broken the resistance and has turned support (has already retested, but looking for another retest) - Fib level 38.2% tested - Ascending TL Will see if it retests again to take an entry. If not, may not enter the trade as SL/risk will be too high. Will take it to the target level and you can also scale out at the first resistance level.
Possible long trade: - Has recently hit the weekly support and has started to move up - Head and shoulders patterns on the daily On the break of the neckline and retest of the support (now resistance), I will take the long trade to the next resistance level. If the price does not break the neckline and continues to go down, it could mean a possible long entry...
Possible movement of the pair towards the 1.27 Fib target. I have not entered this trade, and I will not enter it unless it retests for the fib level again.
Will look for a possible re-entry on this pair. However, I will first see how it reacts to the TL if it manages to go to that area again. I entered this trade and it took off into profits. I then moved the SL to BE and the market managed to hit my SL at BE then went back down again. So let's see how the market reacts and if it does break out of the descending...
Possible long trade until ~1.63000: - Ascending TL - Possible bounce off the 78.6% Fib level (I have given it some room for wicks as it is a large trade) However, I have also considered if the trend line is broken - I will take a short upon break and retest of the daily level up until around the 1.592000 area.
Possible short trade: - Fib retracement at 50% level - Weekly resistance level - 4HR/daily resistance level Would take the trade up to a minimum of 2 RRR. Based on how the trade is doing, I would exit at the next support, and if it looks like it will continue the long term move, I will scale out at the next support level and let the rest run.
Possible bounce off the descending trendline. Also can match up with the 38.2 fib level. Triple top already on that area, so possible pivot from that resistance area.
Possible short entries on retest of the descending TL or retest on the 4HR resistance. Correlated with a possible fib on the 50 level as you can see the low has possibly been made on the 1hr time frame.
Ascending TL has been broken. Can take a short trade on retest.