With price approaching 1.3000 zone, multiple bullish opportunities can be available on a 1.30 level that has been tested multiple times in the past. Bullish AB-CD pattern could maybe complete in this Blue Zone. I will be conservative and wait for a Double Bottom to occur, but for more aggressive approaches a Bat Pattern could also be completed at this price level....
6000s-7000s Range lays at important resistance as this price was tested multiple times in the past. With major FIB levels correlating in this Zone and RSI is Over-Bought. This trade breads a healthy Risk/Reward ratio at 2:3. Stop Loss is slightly above previous high structure giving the trader protection.
with price approach C leg and previous support, a reversal will be on my radar and RSI overbought and price historcally jumping off 1.22+ level.If price breaks I will be looking to go short as this is a key level.
After downward spiral, Im expecting a relief pullback in the market., looking at previous structure, price has bounced off this level before giving us a good opportunity to buy....If price breaks structure to the down-side, I will be looking for opportunities to go short. KEEPING OPTIONS OPEN AND PUTTING MYSELF AHEAD OF MARKET
With price rejecting resistance levels, the break out of channel confirming that the Bulls lost strength. I will look for a re-test of the previous Highs, once I have an entry signal I will enter Short in the market with excellent Risk/Reward. Look for Targets 0.734 and 0.731 area. RSI showing Bullish Divergence, price can retrace but expect a change of trend to...
After an enormous Bearish move made by Cable, I am expecting a pull-back in price as price has hit structure giving me an opportunity to go Long. I will be aware of structure to the left, so will be patient and see what signals the market gives me to enter trade in the yellow zone. RSI showing me Bullish Divergence, good sign for a change of trend.
BAT COMPLETION AT 1361 ZONE. WILL LOOK FOR ENTRY REASONS TO SELL ONCE MARKET PUSHES INTO ZONE. RESPECTIVE ZONE HAS MAJOR STRUCTURE LOOKING LEFT.
If you are Bull-minded there are 2 ways to approach this trade, 1-wait for Higher High, Higher Close candle to confirm your Bullish trend or 2- conservative approach is to wait for price to move down to the trend line before buying. Bear Minded- Once price has broke structure or closed below our daily trend line, I will start to look for reasons to enter short as...
Price has moved to resistance between 0.762 and 0.765, with fib confluence and ABCD pattern completed. Expect price to retrace back to 0.75 which is previous structure before continuing up on the Bullish movement.
If D leg completed as a pullback back into structure Zone (0.756 and 0.748). Look for reasons to enter Long once 0.75500 handle is hit (0.618 Fib Retrace).
First 3 moves completed, 1 Leg to go before the search begins for entry reasons. healthy rewards. Just below 1.618 FIB EXT.. 1 left before the search begins for entry reasons between 1.73120 and 1.73050. Just below 1.618 FIB EXT
On the bear trend expect a pullback into Fib influenced Zone. Look to sell in Zone, as price continue on downward momentum.
As seen with historical moves of this pair, the market has been trending down with pullbacks. We may have a reason to enter because price has pulled back to 1.555 which is previous Support. A move down will confirm the continuation of the bearish market. First Targets (1.543 and 1.540) in heavy Fib confluence area which also has major previous structure looking...
With price finding support at 0.862, Judging from previous moves, a retracement leg could move price to previous structure giving us a small opportunity to Buy at current price. Next level of importance will be our SELLZONE giving us an opportunity to jump on the Main Bearish trend with maximum rewards. Major structure coming in at 0.618 FIB, will be waiting for...
Strong FIB confluence levels at major structure, healthy grounds for pullbacks. Overall trend is sending the market South.
After a rally to 1.429, It has approached a zone of previous highs. Looking short to previous resistance (TARGET 1) 1.423, extended (TARGET 2) 1.405.
Having created support at the first Top, the 2nd support Top at 0.96 is forming. RSI overbought and a healthy Risk/Reward trade.