Dannicada

Dannicada

Monthly: - down trend - rejection of previous support now resistance - 0.618 fib confluence on retracement Weekly: - rejection of previous support now resistance Daily: - recent break out of accumulation pattern (pennant) - retest and rejection 4hr (entry): - bearish flag formed as price approached daily structure - break out of flag pattern -...

Dannicada Updated 

Weekly: - price reacting to descending trendline Daily: - strong rejection at strong structure area - bearish flag formed on move to test strong structure 4hr: - break and retest of bullish flag - previous structure confluence - 0.382 fib confluence

Dannicada

A re-entry on on previous idea. link in description. - 0.618 entry

Dannicada Updated 

Monthly: - Expecting a continuation downwards after hitting monthly resistance Weekly: - retest of neckline after "M" formation Daily: - retest of neckline clearer with 0.618 fib confluence - Possible reversal zone 4hr: - double top formation - break and retest of neckline with 0.5 fib confluence

Dannicada Updated 

Monthly: - Expecting a retest of "W" formation neckline Weekly: - rejection off structure resistance to the downside Daily: - strong rejection from resistance 4hr: - clear head and shoulder pattern - break and retest of neckline - 0.382 fib confluence

Dannicada Updated 

Monthly: - fake breakout of monthly support Weekly: - inverse head and shoulders pattern - retest of neckline Daily: - clearer price action - retest of structure with 0.618 fib confluence 4hr: - break out and retest of structure - 0.318 fib confluence

Dannicada Updated 

Monthly: - "w" formation - possible move to retest neckline Weekly: - "M" formation - retest of neckline (fib confluence) - expecting continuation down Daily: - 0.618 fib confluence on retracement 4hr: - double top - entry on simple break and retest of neckline

Dannicada Updated 

Weekly: - in range/channel - "w" formation in the range - currently testing the neckline of formation Daily: - area of interest marked up - "w" formation clearer - range clearer 4hr: - range formed - break out to the upside indicating reversal - fib confluence - entry on retest of breakout

Dannicada Updated 

Monthly: - expecting deeper retracement into the monthly support Weekly: - over extended "M" formation - test and possible rejection of neckline also a former support now resistance Daily: - marked up area of interest 4hr: - entry on break and retest of structure - confluence between 0.618 and 0.5 fib

Dannicada Updated 

Monthly: - "W" formation - currently retesting neck line of formation Weekly: - weekly resistance now turning support - with 0.382 fib confluence Daily: - targets at recent daily structure - waiting for reversal on 4hr

Dannicada Updated 

Monthly: - triple top formation on the monthly Weekly: - over extended "M" formation - retesting neckline of formation - 0.5 fib confluence Daily: - zone for 4hr reversal marked up 4hr: -entry - simple break and retest of double top neckline

Dannicada Updated 

Monthly: - preparation for and impulse move after correction into previous resistance now possibly support Weekly: - price approached a very strong area of previous resistance Daily: - target at previous daily low 4hr: - entry on breakout of structure

Dannicada Updated 

Monthly: - former monthly resistance now turned support Weekly: - weekly showing a clearer picture of what monthly says. Daily: - over extended "M" formation on the daily, - extended leg falls within weekly/monthly support zone 4hr: - waiting for reversal - double bottom structure formed, hinting a reversal - entry: break and retest of structure...

Dannicada Updated 

Monthly: - though we have a bearish bias on the monthly, - looking to capitalize on the retracement before continuing downwards Weekly: - weekly support - "M" formation formed, on the weekly Daily: - same with weekly, only clearer 4hr: - Entry - minor head and shoulder pattern to show reversal - entry on retest, - 0.382 fib confluence

Dannicada Updated 

weekly: - price rejecting the weekly resistance Daily: - daily resistance inline with monthly weekly resistance - waiting for 4hr reversal 4hr: - simple break and retest of structure with 0.382 fib confluence

Dannicada Updated 

Monthly: "W" formation/ double bottom, tetesting neckline weekly: break and retest of neckline clear confluence with fibonacci 382 on retest zone Daily: - clear definition of area/zone of interest - targets at former support now resistance also lining up with fibonacci 0.382 4hr: - entry; break and retest of minor channel - 382 fib confluence on retest

Dannicada

price action has been in a descending channel since the beginning of the year but has now broken above the channel and making a retest of the breakout. The retest area also lines up with the 0.618 fib level as seen on the chart. with trigger confirmations on the hourly, i think the EURUSD is due for LONGS

Dannicada Updated 

After forming a clear head and shoulder pattern, price has come back to retest the neck line which also lines up with the 0.5 fib level before continuing on its way up to at least the latest swing high on the 4hr