Price pulled back to my zone for a 61.8% retracement as well as a 8 hour Bullish Engulfing closing over the 8 EMA, bouncing off H4 support. All this showed as a 3 Pin pattern 0n the Daily TF. This signals a potential new higher low in the current uptrend on the Daily TF, as the M.A's are still crossed bullish, and a potential ABCD pattern. 1:2 R:R.
M.A's crossed bullish on Daily TF. Long Legged Doji print to close the day yesterday. Sellers exhaustion at H4 support on multiple TF's. 3 pin pattern + H1 Bullish Engulfing off of 61.8% retrace level and over H4 support, now resistance. 1:1.2 R:R. TP could change depending on how the Daily candle closes
M.A's up on the Daily, 8h, and 4h. Broke over Daily resistance, now support, with yesterdays close. Expected a retest of the Daily support for an entry. We pulled back to Daily support closing with major sellers exhaustion, as seen on the 8h and 4h. Taking that and combining it with the 2h bullish engulfing, we have our long opportunity. 1:1 R:R
M.A's up on the Daily TF as well as 8h. Structure maintained after pullback on the 8h, spiking all the way down to Daily resistance the closing w/ major sellers exhaustion. Showing there's still a lot of buyers and we could push higher. Seeing the same type of exhaustion on the 4h and 2h, I noticed the 3 pin pattern formed on the 1h and entered off that. 1:2 R:R
Daily closed very indecisive due to news release yesterday. However, despite that the bullish engulfing we had the day prior was still valid; Closing over Weekly support. Yesterdays candle failed to close back over so there must still be a lot more buyers than sellers currently in the market. M.A's on the Daily and H4 are still bullish and H4 structure is still...
Overall, my bias never changed from bullish on this pair due to M.A's on the weekly + daily and how last month closed. On the 2nd of this month we officially broke the descending trendline I had drawn and for me I was just looking for a retest and possible entry on lower timeframes to take this pair higher. Basing structure off the 8 hour, I saw the market...
Near 38.2% retracement with a bearish engulfing off daily resistance. H4 engulfing closing right back over the 8EMA. Hoping right back in the market with what looks to be just a retest of broken daily support now resistance. Market looks to be pulling back on the daily after making new highs.
Long opportunity spotted on the Euro after pulling back and giving a bullish engulfing off the 50% retracement on the H4 timeframe . Monthly moving averages crossed bullish with price showing major exhaustion for the past 2 months; Last month closing with a long leg legged doji. Weekly showing similar exhaustion as well with ,multiple rejections from daily support...
- Overall, M.A's crossed bullish. Still a bullish pair, keeping in mind we're on a pullback based off the Daily timeframe. Currently being met with daily support and the 38.2% retracement off the Daily. - Down to H4. M.A's crossed bearish, structure broken, along with break of H4 ascending trendline. - Next, H1. The timeframe I'm currently basing my structure...
Monthly: MA's crossed bullish. Bullish Engulfing off 1.1520 Monthly support. Weekly: MA's crossed bullish. Doji at Weekly resistance 1.2025. Daily: MA's crossed bullish. Break of Daily descending trendline. Completed ABCD pattern at -27%. Price never broke Weekly resistance or Daily resistance, showing exhaustion. - Overall, with confluence around the 38.2% and...
Huge bearish decline on the Daily forming a Hammer at Support. H4 Bullish Engulfing and retest on H4 Support forming a Double Bottom pattern on the H1, along with the most recent Doji on the H4.