61.8 Fib point Exhaustion point Thinking it will continue downtrend or try to test previous support levels -
Right shoulder forming on the 4hr time frame, expecting a move to the 0.5 level and then the sell
We see a head and shoulder formation has taken place over the past weeks and we see a long opportunity forming before the sell
GJ has been in a ranging uptrend for some time now, expecting bullish action to the 150 price level
Gold finishing the head and shoulders, short to 1272.56
EU has been in a ranging downtrend price action shows its currently approaching a key resistance level, will be looking for a touch to the 1.3600 level and then after should be a good entry for a nice short in for 230 pips
CADJPY has formed a flag pattern on the daily level which it has since broken out of and retested the previous support level, I'm looking to a move to the 79.111 level
The pin bar on the last daily and the expectation of a retest of the resistance level are enough confluence to justify my belief that it will go to the 1.95991 level next week and possibly try to test the 1.97550
Strong level of resistance, looking for a break through and retest to take it to the 0.96000
Looking for a possible move the 1.32000 level. We see a rising wedge formation as GU looks to make a third touch on the resistance level for a nice short.
On the daily levels we see a head and shoulder being formed. Currently on the third touch on the support level looking to retest and break out. I'm looking for a move to the 142.452 level
When doing my analysis I look for keys levels of support and resistance. Trend patterns etc. In doing Fibs they are key levels I look for to give entry points and take profit.