Price again hits Daily OB after the impulsive move Possible double top formed
EURUSD is in bearish sentiment right now. Monitoring for only sell setups Looking for correction first before the impulse move.
Only looking for sell setup below the previous high. If the high is violated the setup will be no longer valid.
Simple Cup and Handle Pattern looking for long opportunity after the break of trend line aka The Handle . On retest and bullish confirmation on 4H time frame. ( 400 pips )
Market forming the wage pattern. will be following the pattern to complete this week, and the break of the pattern in one of the directions.
Will be looking for confirmation on the pair on higher time frames.
Taking fib confluence the market is rejecting the 100% of fib, showing no sign of weakness on pair. will get stronger in upcoming week.
Looking for sell the pair, as per the cod prospective JPY is getting stronger.
Trend complimenting the wage pattern. Looking for longs after the rejection of Support level.
Some possibilities on the pairs. Will be looking for confirmation of H4.
US30 as can be seen as a whole is uptrend. By taking fib confluence it can be seen that market is currently testing the 100% or level 0 of fib, showing that market will be gaining more volume without any weakness.
As JPY is getting stronger as compared to USD. Will be looking for sell as last week a pull back was seen on the pair this week after a pullback.