FosuaForson

FosuaForson

From looking at price action whilst also corresponding with the monthly time frames we can see that price has made a head and shoulders formation after the initial sell off. Which could indicate further downside movement. Correlation with hourly charts show 31.8 fib in use around 1.243. Let see this play out :)

FosuaForson

With news surrounding COVID 19 and pressure for all of all the economy being in lockdown we can look at the chart formation to see how the market is reacting. On the monthly levels we have an evening start formation around 1.35000 Which could indicate a strong sell off from this zone. March candle continuing this probability with a hard push down to 1.165...

FosuaForson

Price has been in a visitant downtrend since march 2018. Downtrend seeming to continue in 2020. price has respected 38,2 fib level constantly in larger and smaller time frames especially 4H. Looking for price to reach support level at approx 1.04791

FosuaForson

Price has been on a strong bullish move since sept 2019. From a double bottom from previous support in September. Looks like a strong hold. Continuation pattern appeared shortly after. Price is currently in an area of a strong resistance. price is now likely to reverse to a Fibonacci level of 38.2

FosuaForson

Following recent downtrend movement, price has now come to 61.8 retracement. Also whilst forming a daily doji candlestick at that point. Price also made a daily doji and triple bottom at a level of previous support, so price is also justified to break to the upside or even a further retracement. But my guess leads to further downside potential

FosuaForson

4H buy opportunity double bottom on daily hammer candlestick on 4H Due to Brexit news price may range within area

FosuaForson

Sell Trade factors - Key Daily Resistance level - RSI Divergence - Bollinger Band hit - Stochastic reversal - 4H Inside bar confirmation

FosuaForson

key level of structure to look for for potenital profits

FosuaForson

double top at 61.8 fib retracemnet key structure level down push

FosuaForson

PRICE TO REACH HERE BEFORE SELL CONTINUATION 61.8 retracement for hourly

FosuaForson

50% fib retracement Key structure level of previous support and resistance price finding it difficult to push through resistance

FosuaForson

sell opportunity 61.8% Daily retracement level looking for continuous push down

FosuaForson

bouncing off key structural support first target of1.5673 price potentially might breakthrough

FosuaForson

-uptrend movement - might see bullish movement on 1H chart * previous support and resistance FINGERS CROSSED!

FosuaForson

- heading into the new month of October with a close above previous candle suggesting trend change - Touch of 61.8% Fibonacci level, looking for a clean bullish momentum

FosuaForson

Hourly Sell 61.8% retracement on 1h - Stochastic indicating reversal - market to reach 1.15335 (strong zone of structure) - before potentially signalling head and shoulder pattern - *potential bullish momentum to come if price respects zone and does not breakthrough

FosuaForson

- RSI approaching overbought area - Stochastic anticipating reversal -Looking left zone confirms key area of structure both as support & resistance - Strong Trendline on Weekly - RSI Divergence on Daily *Anticipating a harsh sell mostly on 1h chart, before retracement then continuation into sell position

FosuaForson

* Selling Opportunity - Price respecting downtrend - With 61.8 Fibonnaci retracemtent - Previous level of structure use of support now becoming resistance