Forecasting The Forex Market Using Fundamental & Technical Analysis to spot Opportunities. Note: This is not financial advice just for Educational Purpose Only.
looking for bullish DXY moving from IRL to ERL this week will be full of fakes and bad price action. look for the range to be set this week !! good luck !!
Sell the house Sell Car Sell the Dog !!!
Price comes down to 7800ish expect a spike down .. range to complete the inverse
Then away we go to test ALL TIME HIGH !!
Price could hold support off the 55 MA
if it does I would expect it to come up
to complete a H&S Pattern this comes
in line with the 50% - 61.8% fib Level
form a rejection candle and drop
Price could turn around
at the trend line if the buyer
fades here and gives up
look for a rejection candle
and for price to fail the
55 MA
Hey Traders Just wanted to put this idea out for a trade setup that may be taking place in the short term
Bullish : If the pair holds the 55 I would be looking for a 13 - 34 cross and be expecting a full measured move to 84992 which comes in line with the 100% FIB level
The my second more safe target would be coming below @ around 84513 S&R level
Bearish: The...
Looking for a pullback or consolidation in the current region on the 1 hr to take my buy set up.
Reason: daily is green 4 hr is green as well. iam seeing alot of v formations so I kno the buyers and sellers have equal power and the market is getting ready to make a turn.
we need to take out the 10500 10600 region to test up to 11k
I Would Not get too cute with the buys in this area I do not like the volume structure on this one ... You need buyers for sells to work specially big sells !! we still have not pushed threw the GWS !
