Official_VIFX

Official_VIFX

Watchlist has remained the same as yesterday so I thought I would share a potential entry with you. Price has continued to push heavy to the downside. Price has been stuck in consolidation for the past 14 hours. If we see a clean break to the downside I will be setting a sell limit with the levels shown on screen.

Official_VIFX Updated 

Price is starting to stall from the high of the previous impulse. There are a lot of structural levels we can use to determine if this reversal will happen. As long as we continue to break support and set new lows on the hourly and break this H4 trendline I will be looking for sells.

Official_VIFX

After 11 days of consolidation we have finally broken to the downside. Admittedly I am not very happy with the amount of volume/ volatility in the market following this break. I was expecting a very aggressive push to the downside. Because of this, I will be waiting for the next H4 support break before looking for some aggressive entries on the next push phase. ...

Official_VIFX

Fairly similar to GBP/AUD. Lower high formation has already been created and price has started to create lower lows and lower high levels. We have a nice hourly trendline that could be used for entries or you could wait for the H4 support break.

Official_VIFX

Price starting to consolidate around this lower high formation, will be looking for a break of this trendline before I move to the hourly for entries. We may potentially see a burst to the upside.

Official_VIFX

Double top may be forming on the hourly to continue this downwards momentum. I am keeping an open mind on this being a potential exhaustion phase in the market ready for a bigger push but for the time being I am continuing to look for sells from a day trading mind set.

Official_VIFX

Perfect trendline break and retest to go along with this continuation of bearish structure. Look for entries on the hourly now.

Official_VIFX

After a strong push to the downside price has continued to make these lower highs and lower lows showing continuation. We have finally broke support on this 6 day consolidation. Eyes on the retest back to this key level.

Official_VIFX

H4 timeframe is showing clear directional bias to the downside with the major break of support. I will be waiting for price to pull back to this support level and monitor how price reacts around it. As long as we see price start to deplete and fail to break above I will be moving to the H1 timeframe to look for entries.