Nwabisa_Mangesi

Nwabisa_Mangesi

AU Is currently in a downtrend and has broken below the previous LL, I am anticipating price will pullback the resistance zone and show signs of rejection within that area. On the 4H timeframe I have connected my fib and I will be placing my trade on the 61.8 zone at the resistance area as indicated.

Nwabisa_Mangesi

Price broke out of the Previous LL and has now pulled back to resistance. Anticipating that price will continue going short.

Nwabisa_Mangesi

Price broke out of the previous bearish structure, pulled back to create a new HL. Price is currently showing signs of rejections on the 61.8 fibzone at support. Implying that bulls may be coming in to push price higher.

Nwabisa_Mangesi

Price broke out of the bearish structure and a new higher low has been created. Price is sitting firmly on the 61.8 Fibzone at a significant support zone. So giving us enough confluences to go for a long trade.

Nwabisa_Mangesi

Price is currently in a significant support zone and is in an uptrend. A third touch on the trendline, with the bullish pin bar on the 50 fib zone, giving a high probability chance of buyers coming in.

Nwabisa_Mangesi

Price broke through the recent LL, retraced back to that zone, anticipating that price will go short in this zone towards the downside as price is in a downtrend. However, if there is a bullish impulse, there may be a change in direction and price may go to the upside.

Nwabisa_Mangesi

A break of structure occurred on US30, price broke out of the downward trendline, and created a new HH. Price may pullback to touch the trendline or support zone as marked, create a HL and proceed going higher.

Nwabisa_Mangesi

Last analysis I got stopped out due to early entry. However, the daily candle closed as a strong bearish pin bar and if you look back, there is a similar play at this resistance zone, I marked my fib for a short entry and price is at the 61.8 zone as indicated, therefore my sell entry will be in that area.

Nwabisa_Mangesi

NAS Has reached an area where it resisted twice, possible triple top formation being formed. In the lower timeframes, buying pressure has slowed down, so bears could be coming in. The next 4H candle should give another confirmation candle before I place my trade. However, in the lower timeframes, there are bearish pin bars present, giving us enough to confirm a...

Nwabisa_Mangesi

Previously rejected area (see Daily TF). Price is showing signs of rejecting to break to the upside with the 45min TF closing as a bearish pin bar at a significant zone, should price close as an indecision candle on the 1H TF I will be looking to short this pair.

Nwabisa_Mangesi

Price rejected breaking below the upward trendline and closed as a bullish pin bar at the fib zone. There are enough confluences to go long.

Nwabisa_Mangesi

Price is currently in an uptrend and making a reversal near the 61.8 fibzone, anticipating that more bulls are coming, if price closes as an indecision candle, or bullish pin bar I will be place my buy entry coz we are in an uptrend.

Nwabisa_Mangesi

Double top formation being formed here, if the 4H candle closes as a bearish pin bar I will be looking to short this pair.

Nwabisa_Mangesi

The overall direction is bullish and price dropped to the fib zone, anticipating that more bulls may be coming in at this zone. In the lower timeframes, price closed as a bullish pin bar multiple times.

Nwabisa_Mangesi

Previously rejected area, price closed as an indecision candle, looking for the same playout as previously.

Nwabisa_Mangesi

Price has been failing multiple times to break above this resistance zone. The daily candle closed as a bearish pin bar, on the 61.8 zone, previously price had closed as an indecision candle. Therefore, I am anticipating that price will drop.

Nwabisa_Mangesi

US30 has been resisting to break above a key resistance level for a while and has been moving around in that zone and giving us indecision candles as well as bearish pin bars. I am anticipating that bears will be coming in because buying pressure has decreased. Before I place my entry, I am anticipating that price will go up to test the 61.8 zone as marked before...

Nwabisa_Mangesi

US30 is trading in a channel and the previous daily candle closed as an indecision candle, imply the bull run may be over. The 4H candle also closed in bearish pin bar, so there may be a change in direction here