Price took out two previous lows and got rejected from my support level. It also formed a double top.I put the SL @ 1.2247 and my Target @ 1.2326 just below our next level of Resistance. My entry is at 1.2263 so my SL is 19 pips and my target is 60pips. That is a nice R:R of 1:3.
Price got rejected from my Demand Zone twice and I missed my entry twice. Price is in a small TF range at the moment but I am expecting it to break to the upside.
Price first got rejected from a Supply Zone and I missed that entry. After a drop down price pulled back to re-test a Minor Resistance Level, got rejected and formed a 1HR Shooting Star.
Price got rejected from my Supply Zone and formed a Shooting Star on the 1HR TF. It also took out the previous highs. Might be a possible swing. Will see how price reacts at certain zones and will continue to update here.
Price action looks Bullish. Price has got rejected from a Daily Demand Zone (yellow box) but we are still in a Weekly Demand Zone (blue box). IF price breaks out out of the Weekly Demand zone it would suggest to me that maybe the bearish run is finally over. This would be great for all the other cryptos as Bitcoin is still a big influencer in the crypto market.
Price recently broke out from a Rising Wedge and fell to our Daily Support 0.9440. Price then had another rally up and came back to a Minor Resistance Zone which is lining up nicely with the 61.8% Fib as well. Price also took out two recent High's (classic market manipulation) which suggests to me that now price is ready to drop. Now we just wait for a bearish...
Here we had price descending in a Downward Channel until it broke out recently. Price formed an Ascending Triangle before it broke out. After the breakout price has came back to retest the Channel and Triangle. Price loves to retest broken structure before it continues it's trend. I'm expecting DXY to rise 1st Target is 101.30 and as for my second Target 102.00.
Price has failed to break previous structure and got rejected forming an Evening Star candlestick pattern. 1st Target 1225.00. I believe it will fall lower but we will cross that bridge once we go there.
