buy at end of pulback at 0.618 and if u fail u can buyback at 0.382 execute at 1H chart
SELL ON PULLBACK.... we had up trend then doubble top .... after that like most of times we got reversal trend....so we are in down trend at 1h..... wait for that pullback from 2 fib lvls (somwhere around there) then at engulifng or pinbar or whatever SELL
wait for candles to give u buy signal.... we are ovesold,previous ressistance/support.... 1.272 ext...it whould be nice RR about 2:1 or u can wait for pullback and go short as this is going down(trend)
same as GBP/USD....|etc./usd| strong bearish movement... if u trade RSI support bellow 30 (oversold previous support) u could combine it with daily structure (looking left at daily chart) and see that we are at those levels at the moment.... so as continue of down trend u could wait for pullback to go short...or wait for some lower time candles to jump into...
wait for strong candle reasosns at this blue zone.. >>>BUY
Price tested strong ressistance level and once again failed to break through it,then fall all the way down.... i would wait to see if price can fall a little bit lower to that support/fib 0.382 lvl or 147.000 price with RSI oversold,which would be good oportunity to catch that pullback(buy) before it probably continues down.... --- Another,maybe better way to...
***up coming week predictions*** if we could see pullback to 0.382 fib lvl we should,then,lower at 1h to see if we can get enrty reason to sell this pair... or if we push betwen 0.382 and 0.5 at that "1.14000" price,we could watch for sell too... (120 ema above 50 ema)
1h timeframe 2 things to pay attention - contine uptrend to hit previous ressistance(buy at confirmation at 0.5 suppport ) - complete cypher pattern at 1. fibo (it could bounce from that support,good buy position ) RSI is almost oversold so it much more likely to stay at 0.5 old ressistance/support ( watch left )
We had up trend then after doubble top we crush trou 50 ema and form 3 LH 3 LL which could be reversal down trend..... at the moment RSI is bellow 30 which consider as oversold.... so for possible reversal trend u should wait for pull back at those fib lvls (depends on ur setup) then go short.... sell at the moment would be suicide probably....
We hit 0.618 pullback 1.272 extension lining up almost with 0.618 we hit previous support/ressistance RSI is massivly overbought we finished equall meassure move at those fib levels..... look on 1H timeframe for candles short entry
Just what we waited for.... -response from most powerfull ressistance level that was testet at least 3,4 times -RSI to go O.B. -strong up movement support line to be broken... -doubble top on 1h-15m >>>SELL
We had first positive 0.5 pullback for reversal but went all the way down on second one... if we could retrace now to 0.5 fib lvl (previous ressistance) we could find some reasons to go short for possible head and shoulders or consolidation ressistance bounce.... (this would take time to happen-if happen) Lower to 1h or 15 to find reasson like doublle bottom or...
This price went to the moon.... Two bullish equal meassured moves that didnt have strong rejection.... For longer trades u can wait for that pull back all the way to 0.786 fib lvl... because there u will find previous ressistance that should became support for continuation up-trend..... BUT for sooner short enrty u should watch for doubble top at 1h timeframe as...
we are massively overbought on 4h timeframe at this daily we are at good ressistance.... lower TF to find short entry reason
We are still in down trend on D-chart... we got 1.272 extention bounce and now we wait for pullback to 0.382fib lvl (wich is at same place as previous support/ressistance) to provide us some oportunity to go short.... but all this will take time....so lower time frame to 4h or even 1h to see if u can find entry reason sooner...
we have little doubble top already... you could short now... but wait for that major level and rsi to go overbouth to realistic short enrty
look for possible entry reason on 4H or 1H