While forming a bearish pattern on the USDCHF 1H chart, the price reached and tested the previous key level around 0.88600 before dropping. This also aligned with the Fib 0.618 level. The pattern has now broken, and the price is currently retesting the 0.88394 level. It appears likely to drop further towards the 0.87322 zone, which is both a key level and the...
NZDUSD price has entered a range. The price has tested the range high four times before and is now testing it again. However, from a price action perspective, it seems to be holding below the upper resistance without breaking through.
If the price breaks above the 0.57400 level, I expect it to rise by the range’s height. Interestingly, if it moves exactly by the...
On the AUDUSD 1D chart, a large bullish channel has formed. Within this channel, a smaller channel broke downward, and the price is now pulling back.
Currently, the price is rising with a bearish pattern, and another smaller pattern has formed inside it. The price is testing its previous high and appears to be rejecting downward. The key level and Fibonacci 0.618...
On the USDCHF 1D chart, after moving in a range and making a 3-touch rejection, the price broke out of a higher timeframe channel and pulled back before dropping further, breaking below the previous key level at 0.89105. Now, it is pulling back again.
Since the trendline zone, key level, and Fibonacci 0.618 align at this point, I am planning to open a sell...
