-Ascending TL breakout, retest expected -0.5 fib retracement -Minor area of S&R -Respectable descending TL -MA50 supporting bearish wave
A flow of highs/lows has consistently being formed from the 1.97000 psych region towards the downside, we can look at current price action as a retracement (lower high) pattern formed which has bounced and tapped our downside trendline in confluence with wick rejections around the fib regions. A new leg could be formed and the price could be heading towards...
Quick and simple analysis. Wait for rejection of the support before going long. Multiple rejections will indicate a reversal and an uptrend. If support breaks and then retested-close out position. Keep stop loss at 30 pips below support.
Last week gave a break to the downside of an ascending channel on this pair. we also took out (and pulled back) an ascending Trendline in the process. What i like about this setup is that the fib ext targets sir right on the low of the previous rally. Fridays daily close also presented a bearish engulfing candle. We can see the MACD gave a clear indication that...
We have a Confluence of Four Types of Support in the 20.80 - 20.90 area which indicates that we may have a lot of Buyers in this area. This alsoo means there could be a lot of Unfilled Buy Orders in this area. The next Demand Level of Buyers is at the Horizontal Support. This area has been tested only once, so it is a fresh buying level. The price has been in a...
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-Descending TL breakout confirmed, retest expected -Respectable ascending TL -0.618 fib retracement -Previous S&R area -MA50 momentum shift early indication
-Descending TL breakout, retest and further upside expected -Previous resistance now acting as support -0.5 fib retracement -Respectable ascending TL -MA50 supporting the bullish momentum
-Respectable ascending TL, retest and continuation expected -Secondary descending TL breakout -0.618 fib retracement -Previous are of S&R -MA50 & MA100 momentum shift early indications
Following the previous breakout of the ascending wedge, market confirmed its momentum shift to the downside and we will be looking to enter shorts on a pullback to retest the previous area of S&R in confluence to the 0.618 fib retracement and the 50MA as indicated on the chart.
-Respectable descending TL -Ascending TL breakout, retest expected -0.618 Fib retracement -Previous support now acting as resistance -MA50 shifting momentum to the downside
-Respectable ascending TL, retest expected -0.618 fib retracement -Previous resistance now acting as support -MA50 supporting bullish momentum
Looking to enter longs on: -Back of the broken descending TL -0.5 Fib retracement -Previous area of S&R
Running 90pips in the opposite direction of my last speculation; The euro surged to a new high against the dollar on Friday and looked to close above a key level that could signal further gains amid optimism about stimulus and President Trump’s recovery. Tendency: Uptrend (Bullish) Structure: Trendline | Breakout | Supply & Demand Observation: ...
-Descending TL breakout, retest expected -0.618 fib retracement -Previous resistance now acting as support -MA50 bullish momentum shift
-Corrective structure breakout, expecting retest on the back of the ascending TL -0.618 fib retracement -Previous support now acting as resistance -MA50 supporting bearish momentum
ZECUSD Fibonacci Level 0.382 Price Level 70.36644460
This pair has formed a "Falling Wedge" Pattern. The retracement move has been continued for about 3 weeks now. Now, Buyers should be preparing to take control again. We have a Fresh Demand Zone at the 0.9000 area which should contain some Unfilled Buy Orders. The Market created a Fakeout pattern to trap Buyers at the FakeOut Zone line. The fake support at S1...