If mondays candlestick closes as an insidebar price will pullback to 124.168
GBPUSD- Cable has been bouncing off this 1.5689 area for over a month now today we closed forming a Doji so some momentum should kick in and the bears should take control on a break of todays low. It was also around 20pips away from hitting the weekly supply zone
We are approaching an important zone also a physiologic number1.14000 As history loves to repeats itself we would be looking for an Engulfing set to take us back down 1.10790 area as it bounces off the trendline and supply zone. Will be waiting for londons opening session Monday to determine if supply outweighs demand
1.If price closes about former support continue to hold long position. 2. If a pinbar or doji is formed at this level short 3.I price closes below wait for an Engulfing before you short.
Audjpy has been bouncing between 92.065 - 89.976 Fridays candlestick has formed a litle pinbar out the suppy zone. Im only looking to short
Potential short setup even though weekly shows us a bullish engulfing I believe it’s not going to break the last weeks high and it’s going to continue In a range before dropping
1. 3 Rejection candlestick out of the supply zone 2. Right Shoulders formed to complete the H&S pattern 3. WW in full play
Based on the wolfe wave we are 1. Waiting for this hr to finsh 2.looking for bullish price action setup 3.If it breaks the trendline look for bearish signal
1. Price broke back into the consolidation on the 8th tried to break out past 0.72144, But failed driving it back down to the 0.71801 2.Caused a beartrap with a fasle breakout but quickly moved back to the consolidation box and back upto 0.72144. 3.Once price hit 0.72144 it was shaply rejected twice causing a double top 4.A break of the trendline and close...
Price failed to break yesterdays low today which indicates bulls over powered bear forming an engulfing setuo at a pretty important area buys only
USDCAD failed to trigger my long entry forming a pinbar a break of 1.23116 will see price touch 1.22606
Eurgbp bounced off a strongish demand zone we should see price hit 0.71801 again
Update from my post lastweek TP1 has been hit TP2 is pending then hopfully onto TP3 this week