Reject 38 - 50% fib level , push up tp break channel and touch next key level
Price respected along a lower zone and now pushing up, formed new structure if this is respected then pushes up to form a double top and complete correction pattern otherwise will mve down
Price broke out of channel and now testing HTF KEY LEVEL Next move: - possible retest channel -continue up to higher zone - this will be a 3rd touch and possible breakout to form a new high or - continue up to higher zone as a 3rd touch and respect key zone.
Price has closed above D1 Trendline also on 61.8 fib d1/h8/h4 channel respected. look for confirmation on LTF to enter BUY. Expect reactions at each TL touch and key levels.
GBPUSD showed continuous push to the upside with multiple touches to a rising wedge it touched 71% with the EU news as a catalyst. I expect a bearish move and depending on Brexit, this may be a complete wave down or a retest of previous S/R
Retrace to neckline and break up or down HTF shows bullish move but market structure defines direction
Key level is close to channel so price would need to breakout of channel AND Key level. One the key level breaks below and retests - enter sell DO NOT ENTER BEFORE
Wait for breakout and enter SELL upon retest. Its important to wait for the breakout.
Rejection of 78.6 level Retest of breakout
OIL gapped up and has been forming highs/lows above the $60 key level Inverted QM pattern on H1 shows that price will wickfill upto $62 bpd