3 Higher lows connected via trendline and 2 significant lower highs connected via trendline as well.
A counter trend line has been broken which may lead to GA rallying up for a good while...
Should the trendline be broken to the downside then we can look forward to very decent short positions.
FX:EURUSD
Market structure broke quite a while back, which is now forming LLs and LHs.
On the H4 I have drawn a small little Fib which captures what looks like a retracement...
hoping to ride this all the way down and later on to look for more opportunities.
However, if this does break the above the drawn Fib, we can expect a retest on that D level (1.21610)...
Important levels marked from W all the way down to H1, consolidation on the H1 is boxed and waiting for a potential breakout.
Fib drawn on H4 with the target at the 61,8% level in mind, we can expect it to test that area (or worst case scenario 78,6%) and ride it all the way up. First analysis being shared, any ideas or suggestions are welcome.
If price however...
