Wave 4 Pullback to 0.382 Fib... wait for confirmation.
We could potentially see a wave 5, produce a higher high
Clean as possible 🦈
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Market SeveralTime Move From This strong Support Level .
Market Should Respect This level and PullBack From This Level To 1.5400 At least
IF Market Break This Support Level 1.50000 Awaiting
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eu move 120+ pips down much times touch on 38%fibbonaci and finally move down
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last post update cadjpy fibbonaci golden zone up 40 pips so now looking for a good entry for sell if the brok that zone probbaly go sell
trendline broke retest
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Earlier this morning I was working with a student covering the 3 main types of market cycles in FOREX and I figured I would share it. Using USD/JPY 4hr as an example, you can see three differently colored zones. Green/Red reference bullish and bearish price action. The blue zones represent consolidation.
Price action is defined as, "basic movements of the price,...
The ascending broadening wedge is considered to be a reversal pattern, and is bearish in nature. Though the pattern is typically a signal of reversal, continuation of the uptrend is still possible.
When present as a continuation pattern, the wedge will still slope to the upside, but the up-slope will typically be found as a pullback within a downtrend. When...
