D1 stron S/R plus zigzag and local S/R = I am bearish. When loss activated - I'd wait for retests and then go long. Profit target - erm, erm, quite interesting. Far far away as next strong S/R is not so close. Obviously some pullbacks are possible. Anyway - let us see.
Everything is on the chart guys. Fibonacci cluster consisting of 2 retracements (.382 and .50) plus the 100 extension from the previous price retracement. All of this lines up perfectly with previous support/resistance + that we're in a bullish trend. Good luck everyone and hold your thumbs!
1.12700 is a nice round number for a resistant level. Price has break the support level recently and I'm expecting the price to retrace to 1.12700 resistant area. I'm also expecting the price to be rejected by the level (first touch). I would go for a short position after price has reached the new resistant level.
PA has formed a nice pin bar on a previous daily S&R zone as well as in a weekly S&R area. The daily candle couldn't close above the previous day's high, which along with the substantial wick, indicates weakness in the pound vs the dollar Looking for bearish confirmation prior to entering trade. Targeting the 1.46 to 1.45 area for profit taking.