price is beginning to gain bearish momentum . no rejection with daily close .. may gap up if it does or i start to see price break my reference areas on this chart will solidify shorts for me for a couple hundred pips potentially especially with GBP strength gaining as well
IM NOT A SWINGER BUT ATTEMPTING THIS ONE .. SEEMS VALID ENOUGH .. GREAT RISK TO REWARD .. I LIKE THE PRICE ACTION--PRICE IS ENGULFING OFF OF THIS SMALL 4HR TL .. I SEE PRICE REACHING A WEEKLY TL RESISTANCE WITHIN THIS WEEK SOMETIME .. LETS SEE .. ALL TECHNICAL ROADMAP ..
PRICE FAILED TO CONTINUE BULLISH MOMENTUM AFTER MONTHLY FIB BREAK (FAKEOUT) .. TIME TO ADJUST AND LOOK FOR SHORTS AND ADJUST ALL ASSOCIATED PAIRS.. IF PRICE FAILS TO BOUNCE 96.50 TO 96.00 AREA THEN IM SHORT UNTIL NEXT MONTHLY FIB SUPPORT 2ND WEEK OF MARCH
I see a potential long setup with,
ENTRY : 1249.06
STOP : 1246.30
TARGET : 1260.00
ZONE TO ZONE PLUS WEAK DXY , SHOULD BE INTERESTING WITH FED WED BUT THIS IS JUST THE CURRENT PRICE ACTION I SEE .. BEST OF LUCK
Hey traders, so I see a huge rejection off the daily trendline after fridays big selloff with the CAD numbers and news .. I now see it possibly reaching towards 1.34 resistance .. This chart displayed is the hourly timeframe and as you can see the candle closed bullish with barely any wick above a support zone .. Great risk to reward setup.. Enjoy and take at own risk!!
