Both weekly and Daily timeframe concluding that we have a strong Bulish Pennant Pattern on both timeframe so strong bearish momentum expected. Expecting TP at 1.12480 as it is nicely aligned with previous structure.
Both weekly and Daily timeframe concluding that we have a strong Bullish Flag Pattern on both timeframe so strong bearish momentum expected. Expecting TP at 19111.00 as it is nicely aligned with previous structure.
On Dxy we can see price rejecting a nice resistance which was a support previously, and expecting brearish momentum to continue till atleast 100.300
We can see that the market formed a nice impulse and correction, and now finishing up the last leg of bearish continuation. So more bearish momentum still expected moving forward.
We have a nice ascending channel with second rejection which indicaates that were short term bullish untill we get out last third rejection on our channel resistance.
Bullish momentum expected after taking out yesterday's low and the market price printed a nice w pattern structure which indicate the bulls are taking over. And price went to the neckline of the w pattern with a rejection candlestick which confirms our bullish momentum.
We can see that price formed a nice head and shoulders which indicate to us a nice start of bearish momentum, expecting first TP at 1.10500 and second one at 1.10230 breaking this two support will continue to 2nd support.
On daily timeframe price broke above previous daily resistant which indicates to us that it is not a strong support zone. Then price created a nice M pattern on daily and H4 indicating that the price is at the same daily neckline, which price must break expected and move bullish till TP @ 30.185
Here we can see that we just frmed a nice impulse followed by the correction and we waiting for bullish continuation to finish up the whole impluse.
The market from weekly perspective we can see it meet our M pattern print out which indicate bearish movement, and it rejected on the neckline also, so moving foraward to daily timeframe we can see the markt is printing the pattern which indicate a strong bearish structure with the same M pattern which rejected the the neckline.
We can see a nice 3rd rejection on our ascending chsnnel, which indicate to us that we can expect more longtime bearish momentum but now taking advantage of the pullback. to finish up our own correction phase bbbefore our initial continuation.
Us30 just broke the most important support to now resistance so more bearish momentum expected to the INITIAL TP
Am expecting more bearish momentum as smaller structure is broken and with possible 2 tp to hit
On ger30 we can also see that the market is consolidating withing the daily structure as all directional timeframss confirmed the bullish momentum.
From directional time frames we can see that the market is strongly bullish and on h1 we just broke above the important daily resistance which now is turned into support.
After liquidity grap from buy side them more bearish momentum is expected, to go back to the previous session low.
After a nice retracement we can expect more bullish momentum to continue as all directional time frames confinemed strong bullish from Monthly,weekly and daily. So we follow the trend.
Nice demand zone retracement amd liquidity grap now we can expected more bullish momentum as dollar is strong than pound.