1)elliots wave 5waves then dropped 2)break retest of trendline to drop now 4)dxy weakness and jpy strength across all pairs.
1)Trendline resistance consistent 2)DXY Dollar weakness's across all pairs and index
1)impulse move completed 2)Retracement before the continuation.
Break retest of Trendline Demand zone has been holding at this price for years.
-We have just hit the retest of the trendline after the breakout. -Price to drop from this zone. -ABC Correction Move.
Looking at Previous Price Action over 3 years there a high probability that we will have a selloff for most of 2024. - TrendLine -Elliot's Wave.
Confluence are (Fibzone and Trend line). Momentum on downsize as per moving averages. Dollar strength confirming direction
1)Breakout retest of trend line. 2)Weekly time frame candle showing reversal hammer 3)Daily time frame showing bullish momentum at zone( confluence area)
1)Price retraced to 61.8 level which is key level for continuation. 2)price also retested on trand line which was resistance before to become support.
1)5waves have already happened ,pull back of abc a possibility. 2)Dollar strength across all pairs a good Probability. 3)expecting a Head and shoulder to be completed.
We at Fib level of retracement which is confluence with break /retest zone.
Price reached its retracement area to continue its long move. (Fibonacci) Which is confluence with all USD pairs/Stock inverse confluence valid
We at key level for reversal using the Fibonacci retracement tool. Monthly pivot range is on the bearish trend. DXY is also very bullish now
1)Evening Star Forming on D1 2)H4 below the moving average for short and H1 3)Pivot Point Resistance Zone for week
1)Fibonacci Level for reversal 50-61.8 2)morning Star formed exactly on Fibonnaci Level USD Strength
1)5 wave move down completed 2)retesting previuos resistance which is now support to push further up.
1)3wave impulse done expecting pullback 2)Elliot's Wave 3)Pivot point Resistance Zone
1)USD weakness ending 2)Trendline Resistance also on eurusd and eurcad, Eur pairs are bearish