About a month ago, we were seeing strong movement to the downside on the yen. However, these passed two weeks have really slowed down due to our demand zone we see to the left. A ringed low formation was made and was triggered on the last closed weekly candle. I'm not suggesting we enter on the weekly, but we can see some opportunity to ride an uptrend up to the...
Waiting for pullback here on the Aussie.
Looking to get into the weekly downtrend, Weekly candle closed with an engulfing candle to the downside.
I'm expecting a pullback towards our Moving Averages.
Looking for some traps on smaller timeframes to get a precise entry into the real direction, downside.
*Disclaimer*
i am not predicting the market, i'm just...
Here on the Zoomed out H4 timeframe, we can see that price has just had an impulsive move to the downside. When we get a good solid move in one direction, we should be expecting a correction of that move. With our fibonacci tool, expecting that price will halt where my projection is, we can see that we have an area of confluence where our 382 level and our key...
Saturday June 15th, half way through the month. We can see here on this monthly chart that our current candle, is leaving a wick to the upside rejecting our trendline + potentially moving away from our moving averages. If the next two weeks we see bearish momentum, will we see a good move to the downside the following months? We shall see. 2 - week timeframe left...
