Huge structure, see image attached, price is ready to return to channel, dollar is ready to rally. Up later monitoring and learning possible better ways to enter similar trades.
Could be another good short opportunity. Large Fibonacci shows possible bearish signs, price seems to be adhering to downtrend line. Also I think a textbook head and should's pattern. Waiting for bearish signals on open.
Feedback is welcome.
Smaller Fibonacci, in a bigger Fibonacci.
Could be a great short opportunity if we sear a good lower bear candle on open. Larger imagine attached of 4hr and 1day. Great amount of rejections on the bearish trend line .
No issue from resistance hopefully and could be a ...
Simple analysis. Short position, Price has broke trend. Also see attached DXY analysis, likely bounce back on Dollar.
Entry - 1.05903
Targets will be adjusted depending on how it looks when I wake up tomorrow.
Hopeful though on this.
Feedback is welcomed (:
Rejection on the hourly S/R line.
Looks like it will continue until it meet's it's next support/resistance point. Rejection at 0.786 makes it seem likely Daily outlook continues to seem bullish.
Feedback is welcome.
Some indicators are not supporting the decision. I see the trend which is what i'm following. Bullish up trend, followed by 4 bearish candles, retracing down to previous S/R level. As i'm writing this it's dropping and fitting the trend line. Hopefully this will come in. £££
P/L Ratio Actually - 2.05:1
Uptrend has broke out of coning, but price rose and passed Previous S/L level. Consumer price index was out today which may have helped things. Hopefully it'll continue and test the S/L above. Short opportunity in the future, but for now it seems a buy.
Coning Upwards trend is about to hit top of cone, if RSI drop may be short opportunity as it begins to ratrace back through Fib levels .236 & .382 to the previous key S/R level and recent point of previous consolidation.
Feedback is Welcomed.
Coned upwards and now no where to go, if RSI not there and the blue S/R stay key, it should retrace back down. Target 1 is at a below a previous point of consolidation and T2 again, previous consolidation.
Fingers crossed, new to this!.
Feed back is encouraged.