rkarara

rkarara

- RETEST OF THE BROKEN CHANNEL - CANDLES GRADUALLY GOT SMALLER AS THE APPROACHED CHANNEL - SHORT TERM TRENDLINE (3 TOUCHES CONFIRMING IT) - PREVIOUS LOWS HAVE NOT BEEN BROKEN

rkarara

POSSIBLE COUNTER TREND TRADE? - BROKEN UPTREND TRENDLINE - BROKEN BACK BELOW 1.05000 LEVEL -PULLBACK TOWARDS 38.2 FIB LEVEL AND THEN ENTRY

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POSSIBLE UPSIDE FOR THIS PAIR? - TWEEZER BOTTOMS PRINTED ON TL - 38.2 FIB LEVEL SUPPORTING TL - DESCENDING CHANNEL HAS BEEN BROKEN (PRICE COME BACK FOR RETEST) - DOUBLE BOTTOM ALSO IN PLAY

rkarara

ON WAY DOWN FOR ANOTHER LEG? - NICE REJECTION FROM 38.2 FIB LEVEL - THREE TOUCHES TO CONFIRM TRENDLINE - NICE BEARISH REJECTION CANDLE FROM TL AND 38.2 FIB ON 1 HOUR TF

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POSSIBLE UPSIDE FOR THIS PAIR? - PREVIOUS 4 HOUR CANDLE DID NOT CLOSE BELOW SUPPORT LEVEL -1.147850 HAS BEEN TESTED WELL AND IS HOLDING STRONG - ENTRY ON BREAK AND RETEST OF BROKEN TL - IMPORTANT TO SEE HOW AND WHERE NEXT 4 HOUR CANDLE PRINTS

rkarara

POSSIBLE MOVE UP FOR USDJPY? - ABCDE MOVE DOWN - E STOPPED RIGHT ON SOME NICE SUPPORT (105.300) WHICH HAS BEEN TESTED AND RESPECTED BEFORE

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EYES ON THIS PAIR FOR NEXT WEEK? SECOND ATTEMPT AT 1.75000? - PRICE BOUNCED OFF A NICE ZONE - ALSO BROKE ABOVE THE LEVEL OF 1.72820 WITH STRONG BULLISH CANDLE ON 4H - LOOKING TO ENTER OF A RETEST OF BROKEN RESISTANCE AREA (1.72820) - 1.72820 IS ALSO THE FIB LEVEL OF 38.2 WHICH SHOULD BE NEW SUPPORT

rkarara

LET'S SEE! - DESCENDING CHANNEL - DOWN TO TOWARDS 117.700 - BUY AREA 117.700 - ALSO DOUBLE BOTTOM

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LET'S SEE WHAT HAPPENS - WAIT FOR RIGHT SHOULDER TO FORM? - IF FORMS, IT FORMS ON A NICE ROUND NUMBER (71.500)

rkarara

KEEP A CLOSE EYE ON THIS ONE! - RIGHT SHOULDER TO FORM? - 61.8 FIB LEVEL ALSO NEAR THE NECKLINE

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- RETEST OF BROKEN SUPPORT TURNED RESISTANCE - ALSO WAS A HEAD AND SHOULDER PATTERN TO BREAK SUPPORT

rkarara

- Price currently bounced of a demand zone - Broken uptrend trendline - Two rejection candles on Daily chart - Possible double bottom on Daily chart

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- Two nice rejection candles from trendline and respect zone - Supported by 50% fib level

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-Break and retest of uptrend trendline - Zone supporting retest area of trendline - Price in a overall downtrend

rkarara

- Nice rejection from a respected zone - Resistance line also there - Previous candle closed below resistance line

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- Break and retest of zone - Rejection from trendline

rkarara

DAILY CHART - price broken previous lows - bearish rejection candle on a respected zone - strong bearish candle a few days back -weak candles past couple of days 4 HOUR CHART - engulfing candle prior to the close of the week - price in an overall downtrend

rkarara

SEE PICS BELOW FOR FULL VIEW! DAILY CHART - price still in a strong downtrend - price not broken above structure level 1.14860 - nice strong bearish candle closed this previous week 4 HOUR CHART - price in a strong downtrend - price been respecting downtrend trendline - possible pullback and entry of this timeframe - green area supporting 61.8 and 50.0 fib...