W- After being stuck for two weeks, the consolidation zone was broke, last week's candle broke and closed above the wicks.
D- Zone broken, needs a re-test, double bottom.
4H- selling to re-test level, 38.20% or 61.80%
Overall, I'm looking to go long since the reversal has formed, HH's & HL's. 148.00 is the target!
W- three weeks of consolidation.
D- Consolidation zone broke, re-tested/ closed.
4h- Currently at consolidation zone's resistance level, might fly up to 1.275. Awaiting on fib retest to at least 38.20%.
W- Four weeks of consolidation zone broken, fifth-week candle closed above all the previous wicks.
D- Bearish structure broken, new higher low and higher high have been formed. ( would it retest 38.20%?)
4h- 38.20% fib re-test.
First TP : 107.664
Second TP : 108.187
Over all TP : 109.826 (300 pips)
This pair has broken July 28th's ascending trend line after being rejected by an area of supply. Price then bounced off the 11405 psychological level before continuing lower to the 9663 support. There has been a rejection of that support level and price is heading towards an area of supply. Right now, we see a potential bear flag. Let's see if it can reach that...
Price broke through previous demand, pushing it down towards the 0.30580 support line, retested and broke lower towards a key level of support of 0.29030. Price rejected that support level, pushed up and bounced off previous resistance of 0.30580. Price rejected support for the second time creating a double bottom and looks like it wants to break above previous...
Im expecting the Aussie Dollar to strengthen against the USD as we approach the FED rate cut, the uptrend is expected to continue until it reaches a key Fibonacci level of the Daily Downtrend before heading back into its Overall Trend direction to the Weekly Support Level.
As we can see, this pair broke out of a 4-month descending trend line in and rallied up to the .88750 resistance. From there, price rejected that resistance level, broke out of that ascending channel and headed back to an area of demand in confluence with the .618 Fibonacci level. Let's see if there can be a rejection from that demand area for further bullish movement.
Gold recently broke out of February's bullish flag pattern and broke pass that area of supply that is now demand (1350's area). Price is now floating in the Weekly Resistance area of 1428.30 and is creating an ascending broadening wedge pattern. There is also bearish divergence on the RSI indicator. These confluences are letting me know that this pair wants to...
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