Daily: Price touched the Weekly resistance of 1.895 and formed a lower high, Price formed a shooting star after the break and retest of the trendline 4 hour: The 61.8 fib level held with price forming a strong evening star at this level. Price broke out of this long term trendline and retested it in the form of an evening star with strong bearish engulfing...
WEEKLY: Shooting star retest of the 38.2 fib level which closed below the weekly level of 0.738 DAILY: Many Shooting stars at the 38 fib level followed by a bearish engulfing candlestick which engulfed 3.5 days of price action closing below the EMAS and the 0.738 W/S I am still short on this pair. First we need a break of the ascending channel and then this...
WEEKLY: Price failed to close above 61.8 fib level which lines up with the 1.88 resistance from the 4 hour timeframe. Price had a bearish engulfing rejection of the 61.8 fib level and the EMAS engulfing 3 weeks of price action. DAILY: Price formed many shooting stars, all rejecting 61.8 fib level and the 1.88 resistance. Price formed kind of a shooting star...
WEEKLY: Price failed to close above the 38.2 fib level for 5 consecutive weeks. Last weeks candlestick was a bearish engulfing candlestick which also retested the 1828 weekly resistance closing below the 38.2 fib level, This bearish engulfing candlestick engulfed 6 weeks worth of price action closing below the daily trendline and 1787 weekly support with very...
Technicals saying GA LONG, waiting for monetary policy summary from BOE, if things remain the same or abit hawkish, we going long.
Technicals telling me GU long, perhaps BOE going to raise interest rates due to inflation.
After seeing what price has said my bias on AU has changed
My last trade got stopped out and due to this i adapted and re evaluated the price action and have reasoning now to believe price is headed lower for this currency pair First of all, we had a bearish engulfing close below the the daily level of 1.39 and the EMAS crossed over due to this aswell, both on the 4 hour timeframe. This bearish engulfing took out 16...
Monthly: July was a hammer candlestick which wicked the weekly supply of 1.367 but then closed above weekly res of 1.38 Weekly: Price formed a morning star after touching the 1.367 level. Price also had formed a strong hammer candlestick followed by a bullish engulfing which " engulfed" 5 weeks of prior price action. Daily: EMAS crossed over after 1.5 Months and...
Monthly: The July candlestick closed as a hammer after touching the trendline Weekly: Price formed a morning star after touching the trendline and weekly supply/institutional level of 1.175. Price pierced through the daily level but failed to close above it Daily: Price took out previous swing highs and the EMAS are now crossed back over after 50 days. Overall...
Monthly: The month of July closed bearish Weekly: Last weeks candlestick closed as a shooting star below the weekly resistance of 0.738 Daily: Price could not close above the 0.5 fib level. Price also formed an evening star and a bearish engulfing candlestick which engulfed 6 days of price action. The 0.738 level is holding firm as a strong barrier of...
Weekly: Using fibonacci on the weekly we can see that price still has 80 pips to go till weekly fib extension is hit Daily: Price is still creating lower highs, thus we are still in a downtrend; using the fibonacci we can see that the 0.38 fib level is holding 4 hour: Price completed a double top formation 2 hour: Price formed an evening star to complete the...
I done the analysis earlier this is just a possible entry at the backend of a break of structure within the consolidation and a bearish engulfing on 30 min timeframe