Above Weekly Resistance , now act like Support . If price can break above Daily resistance zones , and hold above them on 4h or Daily , we can see further bullishness to Fibonacci Extension/Weekly Resistance.
Example of an indecision in the market. Descending trendline breakout for buys , ascending trendline breakout for shorts.
61.8% Nice fibo . Daily bullish close and I'm In if Risk is great
On Weekly level , if hold and close below , can see further downside.
Possible to reach 1.46000. I will be looking for 4h or Daily bullish close today . If risk is good I will get into a trade. It's not necessary for market to break trendline , we can Rally very sharp and break it without test.
We are currently trading above Weekly support ( Wide blue rectangle ). I need more price action to decide which direction market will go next. Bullish Scenario: Rejection/bounce from Weekly Support , hold above , close above for buying opportunities to 4h resistance or higher , Fibo extension levels. Bearish Scenario: Early to say , I do not see anything ,...
Long if hold above 1.4500 and break trendline (Resistance)
Can see short-term pullback from Immediate resistance (Highs). If hold above 1.87000 level however , Look for buy opportunities.
Bullish engulfing candle from 61.8% Fibonacci. Above Monthly Support , Weekly Resistance above , if break and hold at level or above it , I will look for nice place to put my stop loss first and then I will aim first at Daily resistance and then Fibo extension numbers. However , price can be rejected strongly by weekly resistance and we can see further selloff to...
If price break through 1h resistance and 4h support holds , I will get in Long. First target (Highs) , second target (Fibo Extension)
Slightly Perfect scenario , if price hold above 155.000 and break above trendline on 4h , I will get in long. A lot of Stop Loss orders above highs . I will aim for them . I will get them ;)
Strong Downtrend , Strong Sellers around descending trendline. However , we're above Monthly Support and price can find Bulls. I'm not a seller , no matter that the trend is down. I will look for longs if we can push above Daily Lows and hold above them , maybe will wait for Daily/4h close above. If risk/reward is good , I will get in long.
It will be great trade , it's early however. We are currently trading below Monthly Resistance and above Weekly Support. Price is between two very important levels , price can go up sharply , down as well. I will stay out for now and Will watch this currency pair with caution. My idea is , If we see Weekly Close above Monthly Resistance (1,64500) , we can see...
Touch Monthly Mid-Range , Support already , now what ? Wait for more price action. Price can break this level and trade lower to Support or it can rally from this level and touch Resistance.
Reaction from Daily Support , Bullish momentum , 1h support below current price , possible bulls to come. I will wait for Weekly and Monthly Close to allow market to show me where it's going. In that moment we can only sit on our hands and wait.
Sell scenario: Clean break and close below Daily Support can lead us to next support level . Buy scenario: Bounce from Daily Support , immediate Resitance ahead , possible short-term pullback , IF however we break through Daily resistance , I will look for Longs to Monthly Resistance.