It clear understanding that there's so much liquidity left to be filled before heading off-shore for the Pound Yen, what's left now is patience and there after we strike against the bulls. Those Lower Highs have been broken, and that's a clear indication of break of structure as well as change of direction down wards.
We have a head and Shoulders pattern with a breakout and a retest on a strong zone.
The market is current at support. It is about to complete the third touch of descending pattern to go for its third touch the market will move up.
Market is losing momentu toward significant area. Market is forming a descending structure towards area thus market reversing.
On the 4hour timeframe, I am seeing an ascending channel and price is currently on the support zone. If ever price breaks below the support zone, and the support zone will turn into a resistance zone and price will retest the zone and sell until the 90% rule.
Price is coming from forming a larger head and shoulders Now it has been creating lower highs and lower lows While also showing bear flags Now we see a small rising wedge hitting prev. Resistance which confirms our moves to the downside
possible continuation pattern descending reversal MTI confirmation corrective descending
bearish continuation break out from bearish flag possible 90 target ,
descending reversal wedge impulsive break out 1h bullish expanding continuation pattern
descending wedge on the 1h time frame impulsive break to the upside corrective continuation to the upside
Our buy setup is confirmed, as you can see we hit the bottom of the bearish channel and we have a double bottom on our hourly timeframe. iThis bearish channel served as a correction. Thank you Lesiba Mothupi, Fx goats, Dr Martin for sharing your knowledge with us.
No doubt that EU has become my baby, im expecting for it to come back down to grab some liquidity before the final rally upwards. if the level holds, itll make for a great RR
Basically the market is going to reach a level l forgot the #buh am going to comment it and it's going to go up a little bit after that its going to sell , huge sell to a certain lvl or around it and then retrace after retracing it will continue to sell, am going to give you the levels the first and second
Ger30 creating a sweet inverse head and shouder