Possible harmonic pattern on this 4 hour timeframe. A break and close above the trendline will signify the presence of more bulls in this market.
Approaching resistance - we may see a nice pull back to a 38.2 retracement also a uptrendline that has held as support/resistance. A break back below the blue daily trendline and I will look for new lows to be formed.
Possible price action Looking for a scalp down after a pull-back to the broken trendline and then some support forming along the blue boxed area outside of the consolidation range. Price has also reached a 4 hour down trendline and created that bearish reversal signal. Our eyes should remain on the 4 hour for any break-outs Good luck and happy Friday!
Possible short pattern coming up - I'd like to see a push back up to this week's high and then roll over... **1.6200 may still be in play for long holders Good luck!
Bearish divergence/ 61.8-78.6 fib retracement. Good luck
possible bearish pattern - also testing monthly trendline!
I'd like to enter long @ the blue zone highlighted. Feel free to ask any questions or give your own input :) Good luck!
Looking for a swing opportunity in the upcoming weeks. Price has re-entered the bullish trend and may rally back up towards my supply area before heading lower. Good luck!