5 min ; showed absorptuion 133.95 ; wait for a break under 133.8 and a retest of thetrendline 4 hours; showed absorption 133.975 1 hours ; current candle showing demand absorption ; if price keeps being under 133.9 it would give a good confirmation that price is ready to go down Overbought on rsi Add other entry 133.6 134.55 careful of wickfishing
Broke downside a rising wedge Bullish momemtum was present till it go absorbed around 1.239 , for after breaking upside of the level and price not maintening the level to go back under it. We can see on the 4 hours that absorption of demand was happening around 1.239 on the 23 april , 7 may , and 29 june. Price showing overbought condition on the RSI and we can...
Monthly ; strong absorption of supply around 1.332 for the retracement of HH. Don’t expect a break upside 1.47 on the longterm because of the strong absorption of demand around this level and the presence on considering supply in the red zone for after going in considelation under it. Next target is 1.376 If bull momemtum remain strong expect rise to 1.3975...
USDJPY; On a downward channel Weekly; showed absorption of supply in the past around the 107 zone + price tried to break support 5 times since the 1 april. Daily ; showed absorption of supply the 26 june. + we have a inverted head and shoulder formation. & we can see absorption of supply on the lower trendline Nice RR stop loss; 105.6 ( 125 pips risk) 1p...
Making HH on daily and showing bullish momemtum. On 4 hours signs of supply absorption around 1758 zone for after having a break of level upside and retest around 1767 and see again signs of absorption of supply. If price break upside 1779.5 next target zone is 1789.00 . If bullish momemtum remains and we still see absorption of supply expect a rise to 1796