Can this potential Wyckoff distribution pattern send GA back to 1.9100?
From weekly timeframe on EU printed new lower high perfectly to the FIBO golden zone supported by high volume weekly candle. Daily time frame show us great reaction in liquid zone 1.9700 - 1.1000. and retested 61.8% fibo zone. We cen see also right shoulder of the pattern. On 4 h we can see break of the structure and little correction. There is forming a...
We made correction and made new Lower high on higher timeframes. Liquidity was taken at 103.00. Perfectly in Fibonacci golden region. After Friday's NFT, we broke structure on lower timeframe. I am expecting little correction and then move down to 100.80 and 100.00.
I expect a move to 26000 USD, where we can pick up some liquidity for next leg up in next few months.
Pair is trending to the upside. Perfect reaction in golden fibonacci zone, trend line reaction and I am looking for 135.00 breakout, retest a long entry. I also expect some bullish moves od DXY. Targets are 137.50 and 139.00.
I am looking for trend correction from zone 147.500. If we break previous HL and make a pullback, I will be looking for SHORT entry to 145.500 zone.
Pair is trending to the upside. I am looking for 1.0900 zone for possible bullish reversal. There is fibonacci golden zone + strong volume zone and potential 4 h RSI divergence. If I will see it on the chart, I will be looking for long entry.
Strong downtrend so I expect, we will continue it. I am waiting for LH in area around 102.00 where is fibonacci golden golden zone. I will looking for reversal from that point.