I would prefer to exercise patience and await a retracement to either the Fibonacci retracement level or the four-hour order block, prior to initiating a long position at 1.07115. This level additionally presents a favorable discount on the four-hour timeframe. My initial objective would be set at 1.08680, with a secondary target of 1.10300.
My current stance on the EUR/USD currency pair is bearish. Although various experts online are positing optimistic projections, my personal sentiment diverges from this consensus.
i see a probable retracement for gold. a quick short trade.
Eurusd has given a market structure shift on 4hr tf. there is a probable chance for shorting eu from 1 hr ob.
The pair has given a market structure shift and is in retracement. I see a probable short continuation from the marked order block.
There is a choch at 1.07600. and eurusd is doing a retacement. i see a probable drop from 1 hour ob which is located at the 0.5 on fib.
if we get a long correction to 21906 before hitting short 18888, then I think we may get a good short trade.
on 4hr and daily timeframe the price has closed below the former higher high. i believe the price is going to form a lower high long correction and fall from there according to the analysis I provided.
Price is moving down in an hours channel. Needs to get to the support zone for further directions.
gbpusd is in downtrend. for the time being its making correction. on the Fibonacci it is likely to reverse from 0.5 or 0.618 level.
Xauusd has given a break out of daily ascending channel. It has started respecting the 4hrs descending channel. Probable retest to the zone 1851 to 1860 and then a fall to the support 1800 to 1786.
I believe the correction has come to an end. Gold is ripe to go long, creating all times high.
possible trade options for xauusd. 1841 is the nearest support likely to be tested.
On weekly tf dxy has broken support. Broken trendline and formed a head and shoulders pattern. Now retesting broken support come resistance. I see bearish dxy. Will go below 100.
Given a breakout of 1hr trendline. Possible retest and the the price goes up.
price moving within the 4hrs ascending channel. the accumlation zone marked may push the price higher. Look for bullish setup for retracement in the zone.
the price has given a breakout of 4hrs channel. a 4hrs order block has been identified from where the pair may retest the support levels. look for bearish candle pattern in the resistance zone.