Simple Head And Shoulders formation back to support!
USD/JPY has rejected the 78.6 Fib Level on this bullish trend. I'm waiting for it to pop above the 61.8 fib retracement which should break short term down trend. Waiting on Price Action Bearish Volume has steemed out. Happy Trading!!!!
We have A Nice Downtrend Structure as Gold looks like it wants to Break Major Support ABCD Completion
Bear Volume ran out of steam 61.8 Retracement held on last bullish leg Break of down trend structure Happy Trading!!!!
*Inverted Head And SHoulders *Bear Volume running out of steam *Wicks to support *Broken Downtrend Structure *Major Monthly Fib holds as support *Moving averages ready to cross on higher time frames Happy Trading
Wait For Break of trendline/ retest before entering EUR/USD Expecting a retest of the 61.8 Monthly Fib level (Blue zone) Stops 10 pips below our 50% Fib on the last bullish leg RSI Over Sold Still waiting for MA's to Cross Happy Trading!
EurJpy has been uptrending all week and now its time to look for a midweek reversal. Our 61.8 fib level has held extremely well and we have seen price reject this zone 3x On our 4hr time frame our Moving averages are about to cross to the downside. Look to target our 38.2 Fib level Happy Trading
*Rejected 78.6 Fib zone *Forming Bearish pennant *Reversal day candlestick (Still need bearish confirmation) *Major RSI divergence
Nice Pullback to short Eur/Usd to the bottom of structure. Happy Trading
GbpJpy seems to have lost Downward momentum as we slightly broke the 78.6% fib Monthly. We are trading in a critical zone of 2 other bottoms that failed to break on the Monthly. On the 4hr I spot an inverted head and shoulders. * Trade is active as long as no higher low is taken out and neckline breaks.
Simple ABCD Pattern Descending Triangle Broke and is now retesting structure Ema's pointed to the downside 1/3 R/R
Happy Trading as I am in at .7000 on NZDUSD Looking for a reward of 140 pips risking 30 pips
Break of structure EurJpy is in a consolidation period before our next wave UP! Ema cross as well as holding as support
USD Cad has been correcting for quite some time now. We do Have a break of downtrend structure and starting to make higher lows on our daily time frame. We retraced to the 61.8 fib level which is holding firm as support. A Nice Daily break will send us to 1.36000 longterm
I'm looking to short this pair at the break of this short term trendline. The 61.8 fib zone seems to be holding firm Stops 15 pips above 78.6 fib zone. *IF TRENDLINE DOESNT BREAK TRADE DOESN'T ACTIVATE