D1 and H12 candlestick show a bullish bias. ( Watch 1.21370 as a liquidity zone..) Price will touch this resistance before it climbs all the way to 1.24570 For bears today's news should favor you... I'll update once price gets to 1.24570 P.S. The market will always give you tell tell signs of it's move
G.U is set to touch support level 1.21570 before a retest of resistance at 1.22470 (1.22470) Will be the pivot point for a further drop.. Monthly to H12 timeframes still shows further downward movement. ( Use Fibonacci to get target 🎯💯 levels) I'll further update after this ✅ trade is done Flow with the trend. Good luck
The simpler the better. Watch the level 1.24700 as a resistance level to this downward movement. Target is 1.23100
Wycoff phase D in progress... Either spring of accumulation or sighn of weakness in distribution will take place.. A break to the downside is to occur first.. The monthly candle will give us further details. As for the moment, expect a quick move to 1.27750 - 1.27800 and a similar quick drop to 1.24350 area.. Take note of the levels..this is rare( once in every...
Short G.U to 1.26100 area before going long back to 1.27300 The market is within a channel yet to be broken to the downside.. Wycoff distribution is phase C, a final U.T.A.D is yet to be tested before the drop I believe the longs are to create liquidity for the 🐻 bears
Hello, G.U is yet to grab liquidity at 1.27500 to 1.28100 ( maximum) The pair broke the previous weekly and monthly lows, I believe in a final Upthrust after distribution (UTAD) before 🎯 a big short.
Wycoff Re- accumulation in progress Expect a final liquidity grab at previous high before the fall.. Upcoming news should ought to get the cable to momentum after two slow days
Price will break higher high and tap 1.2730- a miniature Eliot's corrective wave (b) before a move down(c) to 1.2500(1.61%) of the move high(b) For wyckoff schematic.. an accumulation is in progress..(phase B) approaching C. Spring will be 1.23300
Watch for 1.27200 as next stop.. A retrace to 1.26050 the a bullish move to 1.27700 Eliot's corrective wave. ( A is done ) B will be 🔥💰next stop; likelyhood of extended 1.23% of bear move A before C This should complete wave 4 before 5 begins
Wycoff distribution phase C in progress. We've just completed U.T.A.D. upthrust after distribution.. Price has broken downward,, clear indication direction has changed. Surrender and remaining long positions and jump on the bear ride Next stop 1.20400 then 1.18000 Wait for retest @ 1.24120 area for liquidity grab .. this should be our short entryway
This bullish movement is to engineer liquidity before bears take over. U.T.A.D upthrust after distribution, this creation of higher highs is to shake out short positions and get traders to buy into weakness.. I believe your indicators, analysis and knowledge show to expect downward movement, your 💯 right; however, wait for the right ⛔ entry.. 1.25600 is 1.618 of...
Next stop U.T.A.D @ 1.25670 Wycoff distribution phase C in progress Expect a bullish movement with seemingly low volume( don't short G.U prior to 1.25670 )
Turn of events. Watching for U.T.A.D A bullish move towards 1.26150 before reversal is in progress.
Target 1.21100 as first Tp Watch for wycoff schematic phase B, Creed to form later during the day Then to drop to @.18000
Clear your expectations and keep it simple. The markets is a wave to ride Watch for a bearish move to 1.17200 Eliot's impulse wave 5.( Extended) Look for higher timeframe confirmation Good luck
1.26200 is an interest zone.. Wycoff schematic forming..with the interest zone being U.T.A.D The market tends to ride on the volumes placed by both bulls and bears. When one side is overwhelmed; a perfect condition is set for the other to take over
Price has broken resistance @ 1.26200 and is currently oversold.. Expect a rise to 1.26900 before bears take control again
P.S There's hidden bullish move.. watch @ 1.26600 to 1.27500 . There after your short is cleared for a run 1.25900