Waiting to see will price close above this triangle pattern at 4 if so I will long it to the top of the pattern!!!
Price broke below daily support and now I’m expecting previous support to be turned resistance.. plus we have the .50% fib level lining up perfectly with this previous support!
Price failed to find resistance at the previous low and price closed above the zone and currently retesting it as support will long with previous high as my target area
I will be looking to add another short position as I can see that price has broken below previous daily support just waiting to see will the daily candle close below which I’m sure it will.. I will be waiting for price to retrace back to the neckline of the M formation formed on the daily and watch for rejections and candlestick patterns target areas on the chart...
Currently in a sell on eurusd with previous monthly resistance as my target price had broke previous resistance on the monthly and I expect the market to go back there to grab some liquidity for the move to the upside 😊 make sure you’re watching price action I use the daily or 4hour for entries
GBPAUD had broken below a key level and rejected it twice on 2 daily candlesticks! I will be monitoring price action on the 4hour for confirmations.. I will not open a short position unless I get proper price action!! Remember never be predictive but reactive 😉
Will be looking for shorts if this daily candle close below my quarter level... once I get the close below on the daily then on the retest I will watch price action at that area for confirmations!!
Price is currently in consolidation going up and down Between weekly resistance and support.. I’ll be waiting for an impulse move out of the consolidation on the daily then wait for a retest and monitor price action on the 4hour to find an entry.
Gold has rejected a key level of 1950 for the last 2 weeks on the weekly so I’m expecting a fall to the next key level which is 1900.
On the weekly chart gold failed to closed back above a key level of 1950 for 2 weeks.. and as I look at the daily and 4 hour price is clearly making lower highs