After weeks of consolidation in a major area of prospected rejection and reversal, bulls have pushed price above into new structure highs breaking our monthly bearish trend line. Anticipating a bullish relief, I expect to get involved bullish just below a .618 fibb retracment.
December 21 & January 22 Price is the middle of forming AB & BC legs that are part of a bearish harmonic that eventually pushed price action to a high of 0.95162 completing our CD cypher in April. Market plunged with short orders pushing price below making new lower lows .87350 and pulling back into 0.90100 before continuing to the downside making our new yearly...
After concluding our short bias for the rest of the week coming off of our double top formation we anticipated some strong bear orders just after the NY open. 1 Hour into our open and bear orders pushed priced actions to a new low of 1.02903 at 11AM EST. This would normally conclude our trading day but since conditions are still overbought short orders are...
As the start of the FX week began pre market , the predisposition for this pair was not entirely conclusive as there was no clear structural signs that price action was slowing down from its bullish rally even though we were nearing our 50% retracment zone coming from our 1.15000 high made back in Feb 2022. Either we bounce or break this zone pulling the...
The strategy for Gold is simple. We are currently seeing strong bearish momentum ever since we topped out from our last structure high at 1786.54 and expect that momentum to continue until Q1 2023 For. the moment, Im bearish but with no current executions and with the anticipation to enter long at the next level of bearish resistance around 1682.27 a .618...
Similar to EUR/USD, Aussies ascending channel structure is showing bullish weakness at 0.67460, a Double Top at a .618 retracment level from our previous structure highs at 0.71200 signaling us to short the market at the nearest levels resistance in the 1hr time frame from our last structure high at 0.67800 revealing to us previous structure resistance is now...
Positioning to take a long position after price action confirms an oversold condition. Using fib ratio to feel out the R;R in relation to a previous high.
