Looks good for long if you look at the risk to reward and how the price is moving in a corrective manner, expecting another impulse
Epecting an impulse up to test the previous high
Expecting price to break upwards
Bounce off previous high
Broke daily trendline, now retesting previous structure on 4hr
Expecting a nice down move for a while
Possible ABC correction
Harmonic 88.6 retracement
Expecting short setup soon
Expecting impulse up 4hr ABCD pattern to complete.
FIB 78.6 retracement 4hr.
1hr ABCD potential break below
Eurjpy has come to the edge of the wedge pattern and is looking to break out soon. Usually falling wedge ends up shooting upwards, but either way be prapered. Buying the break of the trendline will be good idea.
GU should be shooting up soon but may pull back a bit before it does according to the pattern formed here.
USDCHF has completed ABCD pattern on Daily chart, trading at 1.272 fib extension.
Looking left, price is at the supply zone.
Looking for confirmations on shorter time frames.
Possible bearish cypher pattern, price rejected that area.
Looking for more confirmations.
Price has failed to make higher highs and rejected at the supply zone, breaking the trend line