HoustoFX

HoustoFX

Simple break and retest of weekly support and daily support big bearish engulfing. Look for price to resistance and wait for 3 bar strike or bearish engulfing on the one hour time frame during NY OR LONDON SESSION. SURFS UP

HoustoFX

As you can see no closure above this resistance on mostly daily or weekly but a fake out then a huge bearish push back down could be seeing a deeper push down . Also there is a trend line that these prices reject off of. Stay tuned guys I will be updating you on everything

HoustoFX

So as you can see on the monthly time Frame price failed to close about the monthly resistance first it came up through resistance price came back down in a fake out last month it got a huge wick back down then this month you see price went up and also getting wicked back down. below the monthly resistance. So I am bearish this month but also looking to see...

HoustoFX

SO if you zoom out the Weekly created a head and shoulder pattern(confluence 1) 4hr Created Head should pattern TWO TIMES LOOK HERE THEN LOOK LEFT(confluence 2) overall down trend (confluence 3) ! All the hiighlighted red circles indicate a should or head formation forming on the bigger weekly Frame ! Let me know what y'all think because I mean the proof is...

HoustoFX

my other post had a lot of tips on on it but inside of the M big I'm pattern I found a head and shoulder pattern on the weekly not only that there's ahead and should pattern as well on the 4hr I mean the market could be speaking to us in so many ways dropping tiny nuggets. the market is art always remember that and things do just move for no reason if it did we'd...

HoustoFX

So as you guys can see on the weekly time Frame EUR USD in on a down trend. My observation for 2023-2024 is going to be a bearish trend maybe on last rise to 1.200 level but we gotta see what happens at this important level 1.085-1.088 I am a swing trader so this could potientally be a big. move meaning that when the USA has a really strong month and rest of...

HoustoFX Updated 

So price has created a Head and shoulder pattern as you can see on the chart ! As well as a Broken trend line to the down side With price looking to retest the line and continue down at the neck The retrace of my fib is 0.382 1.08000 before going all the way up to 1.20000 for continued up trend. Let me know what you guys things I’d appreciate it.

HoustoFX

So we have a trend line retest rejection Also recent support broken and tested 30min hanging man candle big red juicy bullish engulfing Idk how many other confluences we need for a down trend but we shall see

HoustoFX

Price all come down to complete wave then will take off to the upside. I believe will go up What do you think comment below

HoustoFX

So you can see that the head and shoulder that was inverted is now normal a reverse so sell sell sell going down down down.

HoustoFX

All points are met and price action for rejection is meeting on all lower time frames 10 5 15m frames. Get long bull

HoustoFX

Price did exactly what I said let’s see how this plays out but I took 2 long positions stop underneath the last low (head)

HoustoFX

So as you can see we have an inverted head and shoulders. We’re looking to see some sorts of piece reversal action going on here to get in for some longs so i would be patient and when we get some rejections I would enter. Price has been bullish lately can creating a lot of retracement. also with Powell not changing his verdict. We look to see continuation in th...

HoustoFX

Here’s your retest then continuation. So price came down and broke the support. Which is now resistance. Price came back up to retest after closing many candle now it’s on its way so. Now compandres I would look the way I’m looking. Just my suggestions. !!!

HoustoFX

As I shown earlier price is coming down just crest and M shape as well as head and shoulders. Bears are in control and moving very smart. This is just my outlook notrading advice if this helps anyone lmk thank you

HoustoFX

Hey so we seen alot of pull back because price as you see was creating lower lows and lower highs. That’s what’s price does when it want to break a strong resistance area. I’m almost positive price will break this level as it did in eurusd and Audusd. Price can’t flush through a strong support with backup. Having the lower lows and catching stop losses was a...

HoustoFX

So, EUR USD HAD BEEN IN A STEADY DOWNTREND BEING AS THOUGH THE PAIR BROKE THROUGH THE DOWN TREND WITH A BIG PUSH AND RETEST. PRICE ONLY TYPICALLY ONLY HAD ONE WAY TO GO AND THATS UP. MULTIPLE REJECTIONS CONFIRMING THE DOWN TREND IS OVER. LETS See. This is only an analysis i am in now way shape or form giving you trading advice just my outlook on this pair