In this pair eurusd broke out of trend . to confirm that it will have to retrace on th 50% to 60% reversal of the fibonacci retracement tool to continue bullish.
Bitcoin weekly Charts indicate a downtrend. I used the fibonacci tool to confirm the downtrend making its lower high which retraced on the 50%retracement tool.
In this Usdjpy pair my future prediction for this pair is that its going to move up to the 50% 60% fibonacci and going to retrace around that area to the downside. as you can see that it made a double top confirming future prediction that the market is going for a bearish move.
On this pair (gbpusd) based on my analysis the price hits its previous daily structure which is the resistance level. to confirm that it will reverse to the up side is that we need to see rejecting candles so as false breakout, If not then price will break though daily structure and continue to the downside.
In this eurusd pair the chat clearly shows that the trend is bearish making consistent a lows and highs. I drew daily structure to indicate price action and how the candlestick would react in every zone it reach.
The retracement on the 60% level indicates how the market would react making consistent bounce predicting that the market will continue go into trend in...
Determening price action candlesticks and the way it behaves is that it clearly shows long wicks to the upside rejecting structural zones on the way to the down side. My prediction for this pair is that it will continue to the downside.
