- Weekly structure - 0.618 fib retracement - Bearish engulfing on weekly chart - Short from zone with target 0.66600
- Very strong resistance on the weekly chart - EMA cross over on 4 hour chart Short the pullback on the 4 hour chart Target profit 0.87300 Stop loss 0.95500
- Weekly structure - 0.618 fib retracement - Double rejection candles - Target 1: 101.850 - Target 2: 99.280
- Weekly structure - 0.618 fib retracement - Wait for price to enter the zone - Look for reversal pattern
- Wait for price to break out of support zone - Look for a pullback to the previous support - When a reversal pattern occurs, sell it! (Last kiss trade)
- Weekly structure - 0.618 fib retracement (daily) - Against channel bottomline - Bearish trend ENTRY - Wait till price pulls back on 1hr chart (watch rsi and zone) - Enter on a reversal candlestickpattern TARGET - 111.000 SL - 118.100
SL around 1.92020 Target 1 around 1.87900 Target 2 around 1.85590
Retracement could reach 1.13734 resistance area
BUY: 0.66089 SL: 0.66473 TP: 0.65451 Risk/Reward: 1.66
- 61.8 Fib line reversal. - 0.70000 resistance line. - Analyse how market behaves around 0.70000 mark.
If USD/CAD breaks through 1.30030 resistance, I'm going to LONG until the 1.31735 area. We'll see how the markets play out tomorrow.
If USD/JPY hits 110.20 resistance it could bounce back. Or if it breaks through the 111.789 area, then we should definitely go LONG.