- Price lost the 0.7150 area, which had served as support since June. - MAs are valid. - Price is currently approaching the S/R area, pulling back towards the EMA. - Sell the retest.
- Price is making lower highs, lower lows, coming from ~90.00. - MA crossunder. - Price broke the 88.00 area. - Currently retesting S/R area, EMA.
- After shortly breaking above key resistance at ~1.30, price came back down to retest support at ~1.2950. - Stayed within range a couple more candles, reacted to 1.2950 again, but ultimately broke below. - MA crossunder. - Price is currently retesting the area, EMA.
- After struggling above the 52.00 handle, price retested 49.50 S/R area, which was ultimately broken, strong momentum. - Price stopped at 49.00, currently retracing and retesting the 49.50 area. - MA crossunder has already take place. - Sell retest.
Price is retesting both an important S/D area, and also the EMA. See linked idea.
- Price has broken above the S/R area around 1.24. - MA crossover for some time now. - Wait for price to retest the S/R area, closer to EMA.
- Downtrend has paused. - Price has gone below the support area around 0.8850, and has acted as resistance so far. - MAs are still valid, and price has recently touched the EMA. - Sell the pullback and the retest of S/R area.
- After long consolidation in tight range with support area around 1.0700, price finally broke below, with strong momentum. - MA crossunder. - Wait for a retest around 1.0680.
- Price recently broke below the 0.79 S/R area. - MA crossunder. - At the top we can see a sort-of double-top, strong reaction above 0.8050. - I'd like to see the price get closer to the EMA before entering, see it retest the S/R area.
- Price started to react below 1.3400, long wicks. - MA crossover has happened recently. - Price also broke above the strong S/R area ~1.3500. - Look to buy the retest of the area.
- Uptrend struggled above the 1.20 handle, where a h&s formed. - It has now lost the 1.18 level, which had acted as a support. - MA crossunder has happened, but barely. - I'd like to see the price retest the S/R area, pull back towards the EMA.
- Uptrend seems to be over. Price failed twice above 1.6650. - MA crossunder has happened. - Last candles have reacted well to S/R area around 1.64. - S/R area to look out for around 1.6200.
Hey, folks! I hope you had a good week. This time, FOMC is gonna be huge! I just figured it out after a long day of analyzing the price action, and what's more, I'll be telling EXACT DIRECTION for it, whether its SHORT or LONG! Stay updated, if possible!
Down trend into beautiful Head and Shoulder pattern. This is an updated version of the oil H&S chart I posted last week. This could be an amazing short if it breaks the neckline this week.