Price broke monthly descending channel (waiting for retest)
Price is trading around a monthly Bearish fib.
Head and shoulders forming on H4
Fib Short from H1 to the complete right shoulder, into a fib long.
If the fib long cant break new highs on the H1 then i will expect price to push lower to re-test the Descending monthly channel
my entry is the fib...
Supply and demand. Price is trading in a 1-4hr range, 15 minute new HH. Ran fibs from leg that broke structure on 15min chart. Entry would be .62, .70, .79. Stop loss in bottom zone, Tp top zone
Price formed a double top on the weekly in the 79,70,62 area fib reversal zone. it is currently in a bullish trend so higher lowers and higher highs are expected. the neckline would have to get respected so wait for break of double top neckline for entry. upon confirmation candle, that bullish leg would need to gain more momentum to continue up. after every high...
I am looking for price to break and retest the Resistance zone for a buy confirmation. For the bearish confirmation, which I am more for, I am looking for price to break the 4h blue trend line to the downside and pullback at the .618 , .70 , and .79 fib level.
Possible continuation of the bearish market.
Daily descending channel, with a strong break of a previous Support & Resistance zone on the daily. Price is currently trading below the zone and forming wicks in the zone from the bottom. Possible re-test for a downside push, waiting on a strong bearish candlestick formation or a market structure pattern on the lower...
Price is forming a double top on the 4h time frame, around the 70-80% retracement level from the previous bearish push. Price broke the neckline of the double top and now we are waiting on signs of bullish exhaustion for a retest confirmation to get into the sell.
BREAK & RETEST
The green zone is where I am waiting for a re-test of neckline for my entry and...
Daily Supply & Demand zone around 142.000. Bullish flag forming on the daily and possible trend line bounce from the daily. on the 4 hr time frame pair has been in a 6 day 50 pip range right above the 142.000 support. Pair is also in a weekly descending channel, looking to go long for the retest of the top weekly channel. Looking for clear break of 4hr range for...
