NZDUSD has completed 50% Fib retracement closing with pin bar on 4hr Timeframe. potential breakout of descending triangle(consolidation area) to the upside. I'm expecting bullish impulse move. Overall market structure seems to be favouring bulls. Buy Stop at consolidation breakout point, waiting for completion of consolidation.
I think EURGBP has completed Fib retracement of 61.8% @ 0.8443, this was also a retest of the new support of the downwards channel.
Target T.P 0.85921 , this is at the resistance zone of both the new upward channel and the horizontal resistance zone.
I think USOIL has reached a strong support, high possibility of trend reversal to the upside (Bullish). I see an areas of confluence where: 1) Price has reached the support of the small descending(downwards) channel, 2) Price has also reached the Fib retracement zone around 61.8% (I also see the Elliot Principle)
Target T.P = 76.00 which is also Fib Trend Based...
Since the previous high was broken, I expect the market to retest the new support at 9280. This is an area of confluence as it has three structures supporting it, namely: Fib retracement zone of 38.2%, the support of ascending channel and the new support after the previous high was broken.
