Price is showing bullish signs. After forming inverted Head & Shoulders price is continuing to upside. The neckline resistance of the pattern has been broken. Will look for potential pull back buy opportunities between 133.00 - 132.50 and look to take up to 135.00 if the opportunity presents itself
Price has reached a major demand zone. Lowest its been in 2 years. With signs of price exhaustion we could see a bullish bounce
EURUSD Weekly: After the huge bullish momentum to the upside price is slowing down after reaching major psychological 1.1500 Now anticipating a bearish corrective wave back down towards 1.1250-1.1200
EU had a strong move to the upside reaching a key level of structure & 3rd outer trend line hit. If price stay below 1.1200 or the trend line, I'm expecting a bearish wave back down towards 1.1000 or lower!
EA over extended and showing bearish divergence. Watching for break out. AUD interest rate news this evening could accelerate the move!
Price re-tested prior day high and failed to break. Printed Evening star close.
after this bearish impulse to downside and break of support structure, expecting continuation to downside after pull back
After this extension to the downside in this demand zone and now this inverted head & shoulders, expecting a wave to the upside!
US/OIL: printed an inverted head & shoulders which could mean good news for our sell bias on USDCAD. CAD & Oil correlates. So with a strong pump on oil, expect sell off on USDCAD
After the big down move we are now getting the retest. We could see another bearish wave. Price would need to stay below the previous high of the breakout
Similar set up as GU, if price holds firm here, I expect price to head up to 142.50 but if price breaks through 150.80, that invalidates the buy set up for me
With a firm hold above 1.3000...we could see price head back to 1.3100. But if price breaks through 1.2950, that invalidates the buy set up for me..
As long as this supply high hold, we could see a 100+ pip drop, how the daily candle close tomorrow will be key!