Keeping it simple, we analyze Support and Resistance levels. Whilst placing pending orders.
As bias remains unclear, we plot Support and Resistance levels to check range of asset Secure with STOP type orders, with expectancy to push with momentum.
Asset is currently trapped in a range. Marked on the chart are Supports and Resistance levels, which price may break eventually. We anticipate a short with orders placed below S2.
Asset is strongly pushing bearish. Fibonacci retracement presents a nice point to enter the market and ride the wave.
Asset is testing fib level 0.382. If successful momentum will push bullish.
Structures printing HHs, while RSI prints LHs signalling a trend reversal to the downside.
No trades taken. As bearish divergence spotted, and bias remains unclear.
Asset is showing bearish momentum, So we enter upon retracement according to Fibonacci.
Strong move down with fib retracement suggests price will continue down.
Possible bullish divergence as per technical analysis on H1 Timeframe
We wait for green candle to close bearish, respecting the important level of Fibonacci. Currently asset is bearish.
Asset is currently in a strong bearish trend with strong LH Currently retracing to an important level in Fibonacci. Possible Short, once respects fib levels and continues down.
Candlesticks are currently printing bullish, and has established a HL. Possibility of going long if price respects trendline.
As candle respects the 0.382 level of the fib retracement, and the bullish trendline . We can go long in the asset
AUDUSD has printed a shooting star candlestick pattern at a LH, potentially continuing bearish.
XAUUSD is making LL and LH, proving to be in a bearish trend
EURUSD is currently in a bearish trend with hopes to further drop before correction.