Decisive move above responsive selling ledge, through LVN, would suggest directional conviction and may portend a continuation up to the $100 price target (i.e., 100% projection of balance-area), a strike with a good amount of open interest. Adding, the resting liquidity at the ledge (upper boundary of balance-area) should support any retest.
Ive really been zeroing in on fib patterns on every single chart. time after time.
when the circle fits. you must sit.
It always retraces.
cheers mates/
spend dem coins wisely
Ok let's try this again.. Now short on this pair because of the Balance Area Breakdown.
Hopefully I wont get whipsawed again :)
Targets are down around the 1.58 even level.. Watch out for support around 1.5840 due to the "flash crash" lows.
Best of Luck!
EURUSD is in a descending channel going into a Major Support Level on the Daily Time Frame.
We went into a nice consoldiation pattern yesterday and are now breaking out of it.
I'm now short on it and looking to capture a move down to the 1.0942's
Best of Luck
Just got long @ Market on GBPAUD.
It has created a small balance area on the 60min over the past couple trading sessions. We just saw a break and close out of that balance area.
Best of Luck!
AUDUSD is at a Major inflection point in the Market. We are currently at a Daily Trendline and at Major Resistance. Right now the market is coiling up at Resistance. Now, it could be coiling up for an upside move through Resistance or may be coiling for a downside move to stay in it's current trading range on the Daily. We don't know. However, with all that said,...
