few levels of resistance up ahead waiting for all this news to drop this week before I load up in either direction...
took profits, going into the weekend with FOMC next week who knows what's going to happen. might just scalp on the way down...
- After Fridays Chop lets see what happens near that zone again
- Red candle at resistance to confirm that rejection level. - breakout Blue candle to confirm an uptrend
- 1.1140 RESISTANCE WAITING FOR A NICE CLOSE ABOVE THAT TO ENTER LONG.
think this Bullish trend is running out of steam and is due for a huge pullback wait for the support break...
bounced nicely off the .618 yesterday and now the .382 level on the 6H that 98.40 break is still in the cards trend is overall bullish ..
retest and short off that support line or if price consolidates around that lower trend line might go long for a few pips...
IF THAT 6H BREAKS AND CLOSES ABOVE THE 38.2.... might need to change my trading Idea's for a few pairs...
-if I jacked up that Harmonic pattern please let me know in the comment section I'm new to these patterns.. lol
-Waiting for second bearish confirmation candle at that resistance trend line or a breakout and a retest of that trend line before going long...
waiting for a reversal pattern to the downside, I see the 1.618 fib extension getting hit in the next few days
BREAK BELOW THE TRENDLINE AND FIB EXT. POSSIBLE 30-40 PIP MOVE TO 80.90 LEVEL