YajnaR

YajnaR

Daily Timeframe: - Bearish momentum - Looking for short entries - Next long-term short position = once 1.36000 is broken and retested

YajnaR

Daily Timeframe: - Bearish momentum - Looking to short market once the 61.8% and 151.000 key level is broken - Need a closure below 151.000 for trade to be valid.

YajnaR

Daily Timeframe - Bearish Market Structure - Only looking to Short market - Currently sitting at the 78.6-61.8% fib retracement level - Could see possible downside after market breaks back below 129.650 Bearish momentum only broken once 130.750 is broken

YajnaR

Daily Timeframe: - Perfect retest of the 0.73000 key level for further downside - Bearish market - only looking for short set-ups - Next entry = break and retest of 0.72250

YajnaR

Bearish Market Structure Waiting for break of 1.16650 for further downside. A possible retracement to 1.18000 could be observed - so will monitor this 1.16650 level

YajnaR

Looking at the DXY on the daily timeframe we can see that the market is making a series of lower highs and lower lows, indicating a bearish market structure. - The market is currently sitting at the 93.300 key level. This is a critical point for the DXY as we could see two probable scenarios: ***1. A third bounce from the 93.300/61.8% fib extension level to create...

YajnaR Updated 

DAILY ( possible short trade set-up from 0.72500 ) Confluences: 1. structure broken, looking to shorts only 2. Third bounce off TL 3. Fib golden region (78.6%) 4. DXY = uptrend + possible third bounce

YajnaR

WEEKLY: - Bullish engulfing candle closing above monthly 93.30 price. - possible retest of the 93.30 key level, before a continuation to the upside DAILY: - DXY = uptrend (clear HH & HL being formed) - waiting for third bounce of trendline for further upside/ could potentially break TL - further confluence for upside = fib golden region falling around...

YajnaR Updated 

Previous short trade played out perfectly, looking for an additional short entry possible short trade set-up - Entry at 61.8% or 71% for further downside mvnt ( hoping for tap of the weekly key level, 71% and trendline before downside mvnt) - Will wait for signs of reversal

YajnaR Updated 

Possible downside mvnt: - @ 71% fib level - Head & Shoulders pattern on daily TF Waiting on (before entering): - Daily closure - rejection indication TP calculation:

YajnaR

WEEKLY: - rejected ascending weekly TL + 71% fib level - anticipating possible upside mvnt DAILY

YajnaR

WEEKLY: - hit the descending trendline + closed above the 1.22450 key level - anticipating further upside mvnt DAILY: NB: * GBP general trend * DXY trend * fundamentals

YajnaR

DAILY: What can we see: 1. Descending trend-line, third touch ( anticipating further downside mvnt if oil can break lower) 2. Inserted the fibonacci tool. The 61.8% fib level lies on the Weekly key level, therefore looking for a sell from Region 4H What can we see: 1. Previous rejections off the zone indicating sellers in the market Bias = short NB:...

YajnaR

WEEKLY: - continuation to the upside - anticipating a possible sell from the trendline + the 71-78% fib level. - pair could spike to the 88% /100% fib level and the resistance key level of 64.750 before a sell off DAILY: - there is a key level at 60.750 which also falls in line with the 61.8% fib level. this region (blue zone) may act as a resistance...

YajnaR

WEEKLY: - possible retest of the trendline before further downside - pair bounce on trendline twice (yellow sphere), thereafter, pair broke out (pink sphere). - there could be a possible short opportunity if pair rejects the ascending trendline - pair could spike to the 100% fib before continuing its downward mvnt INVALID IF: - weekly closure above the...

YajnaR

WEEKLY: - rejected the descending trendline (3rd rejection) possible mvnt to the downside. - anticipating 1-2 more rejections of the 61.8% fib level + trendline before shorting. - possible spike to the 71%/ 78% fib level before pushing further down DAILY: TRADE = INVALID IF: - daily closure above 61.8% + trendline

YajnaR

DAILY : 1. prev. daily candle hit 71% fib level and closed below the 61.8% key level (rejection) 2. prev. daily candle closed below the daily descending trendline (green). points 1 + 2 above, indicate a possible short trade setup (pair currently running in a downtrend = Shorts >>> longs) 4H: - yesterday there was a bearish engulfing candle stick =...

YajnaR

looking at the weekly time frame, it is clear that the pair has been moving in a symmetrical triangle as the first weekly trendline (pink) connects a series of lower peaks, while the second weekly trendline (pink) connects a series of higher troughs. last week, the weekly closure broke the inner weekly descending trendline (pink) and a monthly key level,...