Price is reversing just around a strong resistance zone at the 2-week high. A good turning point to perhaps at least 50% Fib zone from last week's low to this week's high.
Price is at the lower area of the daily range. There is a nice rejection at that area. You can call it a turtlesoup or a morning star or a harami candlestick pattern. The target is first set at about 50% of the weekly range, thus 64,000, then 68,000 and finally the high of the range at about 70,000. I am also opened to leaving the trade run beyond 70,000.
Price is on an impulsive move after the corrective phase following the BOS. There is a STRONG bearish rejection at the FVG. Expecting to see price break the all-time high to at least 2500.00
Overall swing structure of EURUSD is bullish, having price previously breaking 1.09160 high. We have had quite a healthy pullback (which established an internal bearish structure). Price is indicating a potential end to the bearish corrective phase, showing a clear rejection at the 27%-61.8% fib extension area and a likely start of an impulsive move to the upward...
We have a bullish overall swing structure on the 4H since price took out 1.09160 high. Price has now established an internal downtrend structure as a corrective wave for the overall bullish swing stucture. The idea of this setup is to join the bearish internal structure. Price has given us a good opportunity at the 50% fib range.
Overall swing structure of xauusd is bullish since price took out 2450.06 high. Price has now established an internal downtrend structure as a corrective wave for the overall bullish swing stucture. The idea of this setup is to join the bearish internal structure. Price has given us a good opportunity at the 50% fib range.
I see USDCHF at end of its correction and ready for a continuation to the downward side
There isn't so much here other than price hitting 61.8% Fib level from 1.14905 monthly high of 1.11004. A strong level to sell with a small risk to high potential reward.
Looking forward to seeing price continue its move to the downward side. This is just me trading the pullback to follow the trend.
I am already long on cadjpy. The pair has established a healthy uptrend so far and I am capitalizing on this by adding more long positions to my trade as son as price hits the uptrend trendline at about 118.567.
Going Long on gold. New low has been established for a swing.
JPY strongly bearish hence decided to go long on USDJPY. A good opportunity was the breakout of the price channel on 1H timeframe.
The market is ranging. Looking forward to short this pair.
A potential short on this pair as it is ranging.
GBPUSD pair shows a good opportunity for a potential short as the market is ranging.
Expecting price to breakthrough bullish flag.