On 4H, there is Break of Structure (BOS) and going bullish
On 1D, EURUSD look bearish and are on retracement,
Hence, price are bullish for retracement.
Breaking last resistent and make Higher High
H4 showed price rejected level 61.8 Fibo Channel and finishing retracement.
MACD showed sell momentum weak and Stochastic showed overbought and now rally for strong bullish.
On Weekly Chart of TFX
- Head & Shoulder Pattern showed up from Nov 2020 and breaking the 'neck' on Nov 2021.
- Price keep making breaking of structure (BOS)
- Price moving towards closest support at the price of 182.93
Key Point?
1) If Break 182.93, price contiue bearish to the next support at 140.00
2) No hint of changing trend to bullish
3) MACD still going...
GBPUSD Failed Trade
Cause ?
- Self Closed Trade - Cut Loss
Should do ?
- Hold the trade for the key level
Key :
1) Falling Wedge formed but failed to change the trend because of the breaking trendline
2) Equidistant Channel Trendline Breakout
3) Retest Failed to BO
4) Continuous Breakout
USDCAD Failed Trade
Cause ?
- Entry because of 15m Candlestick Pattern forming Evening Candlestick Pattern.
Should do ?
- Analysist should be done from at least 1H to 4H as pattern and movement show stronger idea of the trend.
Key :
1) Rejection and Higher Low created.
2) Breakout Structure.
3) Fibo at 38.2 level because of the last support has strong rejection
Monthly Chart showed a wave of Impulse-Correction-Impulse stated A-B-C
- C is the closing of first wave and Beginning of 2nd wave as A impulse
- Big TF chart showed momentum still downtrend as impulse C just started
Gold try to push up above 1970. But failed todo so with seller come in and breaks support and formed Bearish Engulfing Candlestick. XAUUSD might go for bearish again.
