We have the following factors:
Monthly support
Daily Role Reversal Zone at 50-61.8 Fib.
Wait for:
4h / 1h trend change confirmation pattern or a good price action at role reversal zone
Otherwise I wouldn't advice taking this trade, since the downtrend is very strong and may continue.
Cheers!
We have the following:
H&S pattern
Wait for breakout and pullback before entering. Otherwise I wouldn't advice on taking this trade. + Price action or Fib retracement would be good confluence
Cheers!
We have the following factors:
Falling Wedge
Daily Reversal Zone
Daily uptrend
Respected .705 Fib level + Bullish Engulfing candle
We might expect a pullback for a better entry, or we may seek for a good PA confirmation on a lower TF.
All comments and questions are appreciated.
We have clear H&S pattern on DXY, price made a pullback to the 61.8% fib right at the neckline of the H&S pattern.
We may look for buy opportunities on pairs against the USD. Possible targets marked on chart.
All comments and questions are appreciated.
We have a clear price reversal H&S on DXY, we may look for good buy opportunities on major pairs... EURUSD, GBPUSD, AUDUSD...
Price made a pullback to the neckline of the H&S pattern, perfectly to the 61.8% fib, possible targets on screen.
All comments and questions are welcome and appreciated.
We have a clear downtrend, price seems to be pulling back, we can expect a pullback in between the 61.8 and 50% Fib, if we have a clear price action confirmation we can go short. If there's no clear PA confirmation I wouldn't advice taking this trade!
