solitude79

solitude79

80 pips to a reliable support

solitude79

Possible scenario

solitude79

We have a bearish flag and trendline resistance, I give more weight to DXY going down.

solitude79

Target designated. Any pullback to blue zone is a short opportunity.

solitude79

Green zone is the logical target.

solitude79 Updated 

Watch price reaction to green zone

solitude79

Important trendline broken. 4h close below 109.78 will trigger a move down to the targets

solitude79

Bear in mind that two very strong channels are broken out of and this is a pullback up to the second target.

solitude79

Trendline is holding but pattern is bearish, 1246-1248 within reach

solitude79 Updated 

Possible mid-term target is lower blue zone

solitude79 Updated 

If trend support is broken.

solitude79 Updated 

I think it may complete the flag and hit the red ceiling first

solitude79 Updated 

6 hours before news...the sixth candle will place the price in a position to be able to hit yellow target at 74.

solitude79

Major supportive trendlines broken. Daily sell signal in ichimoku. Bollinger position supports sell. Target 500 pip. SL close above red zone.

solitude79

Wait for black trendline to break and enter on pullback.

solitude79 Updated 

As you can see price is nearing channel top after breaking through important resistance. In spite of this and the fact that we have confirmed bullish kumo breakout as well, price has formed a rising wedge. Will it break through the top of the channel or do a great retrace? Below is a closeup in 4H timeframe: Keep your eyes peeled.

solitude79

Patterns and S/R levels are marked. Would love your feedback.

solitude79

Could be a great opportunity for a short.Watch 2788 and bottom of the rising wedge.