Market structure on a (daily) is very bearish. Price is making his way to our support zone.
At this point im looking for bullish entry. But it might go further to the downside to make a retest on the (daily) trendline and then go back up. Now im waiting for the price to go up to fib level 0.786 and then ill enter my trade.
Short after break from our mid zone on daily T/F. And a break from our bollinger band.
The market hit our bollinger bands on a daily timeframe what means that its making a move to the upside. On the 1H timeframe the market touched our upper bollinger bands . So im looking for the price to fallback and than enter my trade!
After break from our 200 ema im going short on fib level 0.786. But if the market make a pullback from our support to the upper zone. i will wait for the next bearish move!
Price hit our upper bollinger band. And also touched our upper ascending support and resistance level. We will get a pull and after the pullback. a push to the upside. Its possible for the market to break our trend and make a retest and go further up.
Waiting for a good entry after it hits the upper zone
after the break out at fib level 0.618. I I I will wait for the price to drop at my next fib level 0.786 than im going long after a bullish confirmation. Everything on the chart speaks for itself.
I will wait and make the market choose which side it wants to go. Im interested in the buy idea. But we will see!
At the first sight it seems like the chart is making an XABCD pattern. My first opinion is that it will make a retest on my 200EMA / Trend zone, and make a pullback. If not im going to go long on my next Resistance level at 1.80006 and take my profit on fib level 0
im selling this on a long term. The chart says it all. Possible head and shoulder pattern. It also touched my fib level 0.382 , if it breaks thru my fib level im going short on my upper resistance zone!
Strong resistance and support zone. My volume bar identified my mid zone. Ill take my trade on 1.78221. Paper trading is at own risk!
First of im using a new strategy! lets see what it will do. Strong uptrend on a daily chart.double top confirmation. Price will fall back to fib level 23.60% maybe 50.00% too. Inidicators tells me to sell.