Paying close attention to the 1.29 psychological level, the pair recently formed a double-bottom around that area. After a Nice 50 Pip drop from 1.29 as resistance, price has returned to that level and is showing a bullish market structure. If price rallies from 1.29, that level will now serve as support and potentially see a move to 1.30
Price action broke below 78 Major Key Psychological Price Level & is now Retesting (forming a lower high) before continuing downwards to create lower lowers.
Double Top Highs, Neckline. Looking for a break and retest of support/demand zone level then continuation downwards.
After an astonishing 1,000 pip Bearish wave to the Downside & a 800 pip Bullish Corrective wave to the upside, GPYJPY is showing a promising opportunity for a Short. Market Structure Forming a Double-Top "M" Pattern on the H4 Time-frame & New Supply Zone. See the Candle-Stick Break towards the Downside & Retest of the 20 Exponential Moving Average to imply the...
USDCAD is obviously downtrending. A bullish corrective wave is anticipated, but lets not count out opportunities to enter short while riding the trend before the reversal. H4 we can see a possible break/retest of the current low to form new lows. market is below 20 ema. multiple supply zones and market structure. Easy entry upon initial break out, or wait for...
Last Week NZDUSD Broke though the H4 Trendline to the Downside. Price Action Also Crossed below the 20 EMA & Retested Before Falling Back Down. Looking To Entry Short Off 50% Fib .67960 & Possibly Enter a second position at 61.8% Fib .67750 With a Stop Loss at the 38.% Fib .68169. Downside targets at 78.6%Fib .67452 & .67072. Price Action at the current supply...
Last Week NZDUSD Broke though the H4 Trendline to the Downside. Price Action Also Crossed below the 20 EMA & Retested Before Falling Back Down. Looking To Entry Short Off 50% Fib .67960 & Possibly Enter a second position at 61.8% Fib .67750 With a Stop Loss at the 38.% Fib .68169. Downside targets at 78.6%Fib .67452 & .67072. Price Action at the current supply...
EURUSD Broke a Major Low on the Daily Chart. Price May Retest Previous Highs Before Continuing to the Downside. Otherwise, Price will continue forming Lower Lows with Impulsive Waves and Lower Highs within a Corrective Structure. Entry Point at the 100% Structure/ Demand Zone First Target will Be the 161.8% Retracement. Target 2 @ 261.8% Fibs.