Looks to be breaking strong resistance!! Biden wins, this will play out as drawn here. Every break and retest is the chance to add a further position
Another lower high here with a rejection of the 61.8% fib
Usual 61.8% pullback done. Should see continuation of structure now
Hope to see the H&S form and play out with risk off flows
Structure here very clear- downtrend and bearish on every timeframe.
Hopefully we see a break of structure and the chance for a buy here as higher timeframe bias is long.
Still long on EA with market structure, weekly support and the inverse head and shoulders
Both countries seeing lockdowns fundamentally but technically here's the play now we've seen the break.
3RD TOUCH OF TRENDLINE, MAGIC 61,8% FIB AREA AND WEEKLY ORDER BLOCK. RR 1:11
The biggest loser this week is AJ with the risk sentiment and has now formed a new Lower Low meaning we have structure for sells. Waiting for the pullback into our area of interest.
TP reached for bullish scenario but no entry due to bad RR with strong momentum on the move above the channel
Nothing to show really other than price has respected the ascending channel. No trade,
Still long on the pair especially with the inverse head and shoulders formed! Got wicked out here with the stop hunt below but set up still valid.
Just breaking through the support now. Expect selling next week with a close below.
No Trade as said Sunday. Anything in the current area is too choppy. This will be a very good long term play.