Price reached the imbalance area after making a lower low, looking for price to extend to the 27.1% extension fibonacci level.
Price currently will do a short term sell retracement for its move towards the imbalance area. Look for entries at 61.8 or a deeper 78.6% fibonacci retracement.
Price will bounce off major support zone. A divergence has formed and price will move to the market imbalance area around the 61.8% fib zone
Price entered a resistance point. Entered based on the consolidation zone indicating a price reversal.
Price has just broken through short term trend. Now price is approaching new major demand zone, before becoming long.
Wait for price to correct towards the counter trendline. Look towards the MACD MAs to approach 0 line, then look to short.
Price approaching major supply zone and at 78.6 fib level. Price closed under short term trendline and broke the short term structure.
Anticipating price to respect major support line. Price currency undergoing massive bearish flag. However we can swing the position upwards for a potential 280 pips.