Market Structure transition. Fib TP's could be liquidity area's where profits are taken and new longs are added.
Should XAUUSD make a bullish breakout continuation move, institutional liquidity will be at the 1900 level. A 38.2 daily fibo suggests that the next impulse move will be a rapid continuation to fib targets
- 2 entries already, 20 pip stop loss each - target is over 550 pips away - great reward to risk ... - PRICE ACTION
PRICE ACTION DAILY MOMENTUM TREND LINES (BLACK - BASED ON LINE CHART) FORECAST
- MOMENTUM TREND LINE SHIFT - ZONE TO ZONE - BEARISH PRICE ACTION
- eos falling wedge - bullish price pattern opportunity present - "bear wedge" - W pattern recognition if current H4 support is able to be maintained
Bearish clues from the monthly down to the H4 timeframe
Daily -> Bearish 4H -> Bearish - Strong Zone of Resistance formed and rejected off of multiple times - Trend Line Opportunity - Ascending Triangle Price Pattern Opportunity Trade is in the direction of the Daily Trend TP is below the current Daily Lower Low The expectation is for price to make a NEW Lower Low on the Daily (Trend) timeframe
4H Momentum Structure is still Bearish 1H/M30 timeframe is showing a Head and Shoulders downtrend reversal pattern Risk Reward is 11 to 1 or greater if price is able to continue the Bearish Daily Trend and creates a new Lower Low beneath the most recent Low.
Daily Trend is bearish, H4 Price Action structure is bearish Price is stalling in a range - resistance is being created. H1 timeframe is going sideways - potential impulse to the downside possible. Great reward to risk based on entry in the direction of the overall down trend. Stops above the current price action resistance. Target is the low of the...
H4 Buy Zone's forming on/above Strong Daily Support Dollar Index is showing some bearish Price Action clues Possible uptrend coming soon
Great Risk : Reward opportunities setting up Bearish Bias...Current Bearish Trend on EURJPY
Possible Transition into Bullish Trend - SOON After 6 months of consolidation, possible trend soon