Price has pushed down, retested and rejected / respected the ascending Trend line. We have been creating higher lows as highlighted. Price needs to break the Daily level of 1.31250 and ideally break and close above the daily trend lien to establish the change in trend. swing target of the 1.40440 level
We have seen the pair have a bullish run and have some corrective waves form. This has given us a very bullish looking Flag / pennant formation. Price has been respecting the ascending daily trend line creating Higher Highs and Higher lows. The is some further confluence with a 0.618 fib at the trend line and where price has recently rejected and fail to break...
NFP on Friday saw the Pair push lower again back into the Monthly key level. We can still see signs of rejection in this area which shows it still has some potential to reverse from this level. We have had an ABC pattern complete, we also have a 0.618 fob in this area which gives us the a,b legs of another potential move upwards. On the Daily we are in the...
EURUSD a bit more straightforward I will be waiting for a retest of the 1.14550 area as this offers the best rr for potential longs if we retest and reject this area. also have a couple of fibs lining up, the 0.618 and 0.382 well its clear to see its a strong magnet area for price looks like a candle shop with all the wicks
I don't trade Bitcoin but thought it was worth a look to get my head around the price action. Bitcoin has been in a very very Bullish uptrend. We have had a ABCD complete on the Daily. Price has respected the ascending trend line, we have come to a monthly High, tested and rejected creating a Double top. There are 3 possibilities: i) Price comes down,...
We have a few bearish signs on the DXY which lends its hand to my bullish outlook on the GBPUSD most obviously is the shooting star on the Daily rejection the Daily key level, we also have a 618 fib lining up with another key level at the 94.00 level
We have been respecting the Monthly Trend line. we have a very bullish flag forming, lots of rejection of price at the 618 fib area on the daily. The 1.34500 will be the first level that we we may see some rejection
We Have tweezer tops at the daily level, we have come back up and rejected the Monthly Key level which also lines up with the 618 fib. Would like to see a close below the ascending CTL and the a retest to confirm the bearish move. the target would be the 144.171 level