Called this earlier today price broke support came back and retested this level to the T great friday trade currently floating 100pips no drawdown entered off a bearish engulfing on the 30min tf Happy friday
Daily Confirmation: Yesterday candle stick closure failed to break 135.00 Price where sellers have continued to hold and push the market back down 6 times on the D tf frame price has been rejected 50Ma is still over 20MA confirming over all bias is still to the down side 4 Hour Market is still very bullish If price can break 132.250 and give a retest i...
GJ short Gj on the daily time frame has come and rejected the 0.618 retracement level showing a big rejection from yesterdays candle stick 4 hour time frame we have failed to create a new higher high 1 hour time have respected the counter trend line failed to create new higher high if we can break previous support @130.500 which has acted as support if...
Went through analysis last week waited for this trade to happen
-weekly/daily are in a down trend -market is coming into 0.764 retracment on daily time frame - 0.764 retracement level is also a major pysc level @110.000 - if we can break we want market to create new highs above daily highs and retest and look or market to change to an up trend - if fib retracement level is respected i will wait for market to break this...
- failed to created a new lower low -possible inverted head and shoulders -where market makes head and shoulders would be at a psyc level - would be at a 0.618 fib retracement level - would be at new support level as it was broken as previous resistance and now is acting as support - would also tap new up trend line if market reaches buy zone will wait to...
GBY/JPY has been in a down trend all week due to JPY being a safe haven pair and cornavirus market broke to the upside on the 4 hour time frame so i drew my fib and found it was pushing up towards the 0.618 fib retracment zone which also was a psyc level and also a reistance level i then went down into the 1 hour time frame and seen it had broken structure to...