Price is retesting structure, still showing signs of continuation. We did just have a sell though, and price is reacting around the blue level (longer line) and may be in for a reversal. However, my bias is still short because price has not showed enough evidence of reversal.
Reaction at a key level on a higher and shorter timeframe. I'm personally in this for a sell
This purple box is a moment to remember how easy it is for confirmation bias to take place, especially considering the previous uptrend leading people to look for buys and fail to look for sells. The consolidation following the bearish engulfing candlestick could be seen as a week bearish movement preparing to reverse and continue north. But that idea would have...
I'm in this trade Confluences: Break and retest Resistance level 38.2% touch
Confluences: 3rd touch on 1hr trend 4 touch on larger trend Touch near 61.8 Divergence on the 1hr, 2hr, 4hr Support level on the 2hr
GBPJPY may be setting up for a buy. Confluences: Support Touch on the uptrend inverted head and shoulders
CONFLUENCES: Break and retest on downtrend Retest on uptrend 61.8% touch Divergence
I missed the perfect entry, but I still think it's a good buy. Confluences: Fourth touch on the uptrend resistance Candlestick
Let's see if I corrected my mistake Confluences: Third touch on downtrend Ascending head and shoulders Break and retest
Possible Buy Confluences: Support level at 61.8% break and retest Wick exhaustion
Confluences: Divergence on 1hr and 2hr Resistance Candlesticks
If I had looked closer, I could have been on this trade. It had a nice setup. Confluences: Break and retest Trend reversal Support level at the 61.8%
Confluences: Support level & exhaustion Previous large bullish candle Previous divergences
Confluences: Head and shoulders Downtrend (4 touches on trendline) Touch on the 38.2%
Confluences: Trend break and retest MA crossovers New Bearish trend Fibo retracement to the 38.2
COUNTERTREND BREAK 61.8 FIB RETRACEMENT KEY LEVEL TOUCH ...BEAUTIFUL
Touch at the 50% fib level Touch at a recent reaction zone Tweezer tops Let's see if she falls