Market pushed into major S/R levels between 107.5 and 108.5. RSI overbought a move to the bearish side is on the radar. AB=CD pattern could also complete, Fib EXT 1.27 A,B leg. Note overall trend is Bearish.
Price has rejected 107.7 Highs, a pullback is in motion with 107.2 and 106.8 Zone I will look to be going long as this is previous structure and (FIB 0.618) good level to look for entry to the up side. Targets at previous structure high
Cipher forming. Look to enter 156.6 and 155.1 area
Spotted a Bat forming and will be looking to go Short in the 1.245 area.
With the break of structure at 0.778 upward, a push to the up to 0.785 can be on the cards, with RSI currently over bought an entrancement back into previous structure could occur before reach for Target 1 at 0.782 which is at 1.1414 and previous resistance.
Price has come down to a key level of 1.588. Expect A Pullback (re-test) into 0.382 Fibs or 1.591 area before continuing on the Bearish trend.
Price is at previous high and previous structure in this channel, will price reject the highs to continue in the channel?
In this market price is currently bullish and you can expect a break of 0.963 to the 0.97/0.98 zone (1.618 FIB), with price historically making a relief pullback before continuing on the bullish trend,