tyrek_l

tyrek_l

bullish market

tyrek_l

I expect price to touch one of these two levels if bullish market continues. If price exceeds these two levels we may be looking at a concurrent bearish market (or steeper retracement that should be measured on the daily.

tyrek_l

bulls gaining momentum

tyrek_l

We are now about to go into a range. can be seen from the strong selling pressure (wicks of red bars) can also be seen from the buying pressure ( green bars)

tyrek_l

The market is in a retracement

tyrek_l Updated 

its bout to go up buy, I cannot trade so this is my only way to

tyrek_l

Market seem to be consolidating, may break into range or show strength to upside. Too soon to tell we will have to wait and see. stay conservative for this one.

tyrek_l

I am particularly bearish due to me 4 hour emas pointing in that direction, however have to stay conservative and remain neutral till the market gives signs of another down turn. Where my pointed arrow stop is where im looking for the market to reverse. I'll keep you up to date...

tyrek_l

However, if 23.6 level does not hold the next level i would expect to be hit is 50

tyrek_l

First area is more risk due to a shorter pullback. Second level is a bears determining level.

tyrek_l Updated 

Price broke neutral zone and now will look to find support

tyrek_l Updated 

Price is in a neutral triangle. However, the price action is steady making higher lows, coupled with my moving averages, I would say price is heading bullish. However stay conservative and wait for break of triangle.

tyrek_l

each different style line represent pullbacks if eur/usd continues to be bullish. These are possibilities

tyrek_l

Trade update. Blue area is sell zone. 50% retracement is likely choice of reversal. But watch to see where the market is looking to reverse.

tyrek_l Updated 

Market is on downward trend. Fib retracement lines up with red line. So there is confluence on that level, Highly likely to be reversal area for continuation of downtrend.

tyrek_l

if, it breaks pass dotted line will reverse at solid red line

tyrek_l

Price have broke triangle drew on chart. Price moves in structure so if it wants to continue the downside movement it has to stay below the last lower high point.

tyrek_l

The market is going to turn bearish as depicted in the snapshot of my chart. Just giving heads up.