PUSH -> CONSOLIDATION @ MAJOR RESISTANCE -> THEN PUSH AGAIN
CONFLUENCE: - 50% FIBONACCI RETRACEMENT - EMA SUPPORT BEING MAINTAINED - HIGHER LOWS BEING FORMED - PRICE ACCUMULATING (CONSOLIDATING FOR HUGE BREAKOUT TO THE UPSIDE. OVERALL TREND IS BULLISH BASED ON 1 HOUR AND 4 HOUR TIMEFRAME. I AM USING MAJOR 4 HOUR ZONES AS TARGET LEVELS AND WILL MANAGE THIS TRADE ON THE 15 MINUTE TIMEFRAME UNTIL MY TARGET IS REACHED
GBPJPY CONFLUENCE.
EURJPY DAILY RESISTANCE TARGET AFTER A RETEST OF SUPPORT MID RANGE
XAUUSD LONG AFTER A BREAK AND RETEST
Sellers market: Look for bearish engulfing and strong price rejection such as shooting star at resistance levels such as downward sloping trend line resistance and higher timeframe key level resistance. Buyers market: Look for bullish engulfing and strong price rejection such as hammer at support levels such as upward sloping trend line support and higher...