Watch and see if price will break this structure or reject it...for a move to the downside...wait for a break and retest...for an upside move...wait for a rejection off this region and a bullsih pattern such as an engulfing candle,
Price is generally in a downtrend after the previous high on 22 March 2021 on the weekly TF. The daily TF presents price impulsively at 109.342. Theres a probability of it breaking the level in a false breakout and then coming back into the trendline for the short i anticipate to level 107.491. The 1 hr however shows price currently in a consolidation phase...
I see price in a downtrend on the weekly TF, the daily and 4hr TF currently show me price in a flat continuation channel. I will watch price and the nature of how it breaks level 1.22701 either impulsively or correctively. If impulsively and later get a retest, i will have a reduced risk entry to level 1.20820.
Price is currently in a downward channel probably heading back to 1.36534, as seen on the weekly TF. The daily TF shows price at level 1.38090 with bear momentum probably pushing it to level 1.36637. On the 4hr chart, price has reached 1.38090 impulsively and i expect price to break this level to complete the move to 1.37723. My entry will be at the break of the...
The weekly TF shows the close of the previous week with a strong rejection wick bouncing off region 132.386, also forming a tripple top. At this point, am looking for a short opportunity. The daily TF also closed with bears momentum stronger at the close of Friday. The 4hr and 1hr present price at key level 131.370 where i will be looking for a short to 129.730. I...
The weekly TF shows price has respected resistance 1.25600 and I see EURUSD generally in a downtrend. The daily TF shows the close of Friday with strong bear momentum at level 1.19966. I believe price will first have a correction phase at this region before moving impulsively to the downside. A good entry would be at the break off this level to short to 1-18601.
The weekly TF still presents the downtrend as valid since May 30th 11, and we see a weekly tripple top. On the Daily TF, price has respected my key level 0.78178 and on the 4hr price closed at support level 0.77120. My sentiment however stiil stands as a sell cycle to be completed to 0.76128. The 1 hr chart price formed a pin bar but i will wait for a break off...
The weekly chart, price shows us XAUUSD has been rallying to the upside since April 01st 2019, but started a correction phase at 2071.949 to 1678.170. In the downward channel, I see price bounced off support level at 1678.170, for a possible rally back to the upside. On the 4hour TF, price is approaching key level 1773.973 impullsively. A break of this level would...
I am currently onserving EURUSD, and price is correcting currently in a bullish flag. We might get a possible buy at the break of the channel to the previous high. Let us prepare for a possible buy.