kunmite_Fx

kunmite_Fx

you will notice we're seeing a bearish engulfing on that resistance zone and switching to our daily tf, that's a clear formation of hammer bar, so i will watchout for price action or break on counter line as a confirmation to go short.

kunmite_Fx

not forgetting in hand that usd is currently strong, which makes gbpusd to be bearish, so now I'm watching for break below the possible formation of M pattern.... which I will go short and hold till the preview support below. but if otherwise and market breaks above that counter line then i might possibly go for a long entry. so all that matters is confirmation

kunmite_Fx

As said in my previous analysis,,, after dollar index got rejected on our key zone , ow watching out for that possible triangle wedge touch. which we might see a reversal,,, (would be watching PA on that area) also not forgetting the overall trend being an uptrend.... and if there's possibility of breakout on that wedge , that serves as another continuation...

kunmite_Fx

would be buying eurchf only after breakout above our counter line... nevertheless its kina forms a stylish head and shoulder too below which i might sell if there is a strong bearish move that breaks that zone that is more like a support too.

kunmite_Fx

after the breakout and rejection on 61% fib, currently on with correction then impulse again

kunmite_Fx

in situation like this, i watch out for a bullish price action above the counter line, which makes the setup valid

kunmite_Fx

in areas like this, we tends to watchout for price action either to break above or rather below after retest probably.

kunmite_Fx

two possible update on eurgbp...........................................

03:08

kunmite_Fx

after much study, i get to realize dxy is still bullish all long as candle doesnt close below the 5th touch trendline... watching out for more possible rejection... enjoy the video

kunmite_Fx

eurusd been ranging since july 2022, which stylishly forms an ascending triangle now, the breakout could be more of a confirmation or might probably test that resistance zone once again and as long as long as it doesn't break that zone still make the trade valid, plus we might still decide to watch out for price action o n that same zone,,.. follow me for more...

01:29

kunmite_Fx

dxy which has been on bullish move feb 2022, and currently still have a valid bullish movement, Also on 4hr tf there was a 61% fib rejection which is still a validation to our bullish move and i am watching out till the possible resistance area.

01:42

kunmite_Fx

We all will notice the 4th touch on that counterline line of ours as explained in my last analysis, which price later reacted to and retest same area once again which is gradually depreciating as we speak,, likewise our trendline downwards is broken too after a correction, so all look brearish as it stand with a good risk ratio to the reward. thanks

03:03

kunmite_Fx

watching out for more of bearish move on bitcoin.....................................................................

kunmite_Fx

As you can see #GBPUSD is within one of its most interesting zone, although the risk ratio is quite high but its all bullish , so i will be watching out for a retest at that supply zone and look for a perfect opportunity once again

01:45

kunmite_Fx

analysis view right from the monthly to the 4h time frame.

kunmite_Fx

As we can see the structure has nicely made a reversal in wedge price after 3rd touch and showing nicely aggressive bearish momentum. so we are in complete bearish trend with with strong structure reversal.

kunmite_Fx

- Structures and inside structures are quite clear and supporting the bullish momentum which is gonna start. -also, in bigger time frame the market is moving inside descending channel after a bearish impulse which is a positive signal for going long -on smaller time frame, we can also sight that a SR has been broken after a slight correction

kunmite_Fx

Dol index possible move