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 fantastic risk reward, but will change/review...
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.