Expecting a bullish continuation. Reasons for this assumption are: - Impulsive structure on both 4H and Daily TF - Price has been rejected thrice at 50 Fib Level, combined with a bullish divergence - Impulsive break out of the triangle with a strong close on the 4H TF - Projected target is 0.9880 0.9900 level Happy Trading!
On the 1H chart we already can see smaller signs of rejection, BUT when comparing the current move with the last two legs in this triangle, there are still no signs in 4H TF, which I'd like to see before shorting this pair. The first target area is shown on the chart. Once met, keep an eye on Price action as there might be even a breakdown. Note: This is not a...
Expecting a bullish leg with a target set at 1.2700 - 1.2715 area. Before I'll long this one, I'd like to see: - A bullish close on the Daily TF and a strong close above 1.2500 on the 4H TF - Once we're in, we're playing it safe by setting the SL outside the structure. Updates will follow
1. A new ground is forming at a very strong support level, in both D and W TF. 2. Right shoulder for a H&S in W TF could start soon. 3. Divergence in D TF. I will wait for a break of the intraday high of April 18th. Will post an update when the time has come, so make sure you follow me! Happy Trading
The short TF trendline has to be broken and price should ideally consolidate before looking for a long setup. Wave Pattern in 4H TF is still valid, as long as price does NOT closes below the high of wave 1. Trade with care!
Bulls are gone, bears are coming. This pair will be ready for a small consolidation to the upside, before falling again. Will be posting an update when the time has come!
Consolidation till 109.50 area, then long till 110.50-60 area. If price closes below the high of wave 1, the pattern becomes invalid. Happy Trading!
0.7960 acts both as a support and resistance. I'll wait for a clear breakout and CLOSE for a possible long position.