we could go down to make a better deep crab or we could go up to finish it.
i believe we could see the orange line before going up again. Last candle is bullish because of nfp but its effect is usually over within a few hours.. My plan is see how price reacts to the red line.
i no longer think this may be a pennant, i would short it after a retrace here
i have a bullish setup at target level, speculating it will not make a higher high for a high rrr.
Will be buying from the green area if we get there or from the red line on retest towards point C.
50% fib + support/resistance area. thinking it may turn to the next large resistance.
possible retrace to here.
towards entry in other chart
Will be shorting this orange TL. Tight SL. now 5 green candles, 7 green candles is enough. No reason for more.
Might also be drawn like this but i don't like it because the apex is no good. Will have to wait
I'll be trying to catch most waves here.
TL + reciprocal + fib + major s/r level I am bearish but here its time for a large retrace.
the fib level is a bit higher then the D point and may act as a magnet. therefore i use this level for my entry.
will be shorting this if happens.
just figuring out what it could do. am bearish on the pair.
its the right shoulder of an inverted H&S pattern so a long term trade