we have seen a nice transition for price respecting the daily support level , still lover timeframe we see price doing a full retracement of the 100% fib level, and got a nice rejection of it.
we shall see a nice continuation to toward side, go with the downward momentum and if we see price breaking the upside then the setup becomes invalid
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Based on the structure we see price respecting the monthly and weekly support level with break of structure to upside in lower timeframe like H4 and H1, we see a clear nice momentum to upside and nice volume in new york session, so we expect price to continue up.
To get a clear entry try to look bullish variation candlestick in lower timeframe before placing an...
Based on higher timeframe pound yen is forming a downward structure and we can see on H1 And H4 breaking structure to downside , We need to see a clear price retracement to POC level and nice reversal candlestick for confirmation for a downward continuation . look fro nice entry to downside.
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we are looking for a nice move to the downside, structure is still being maintained to downside, monday open retraced to last week resistance level or point of control.
nice risk to reward
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Structure is broken and price action has retrace 32.8% fib level and price is now above the daily EMA for a massive continuation to upside. risk is decent. Goodluck
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Basically structure is showing movement to downside. wait for the price to retrace before entering and confirming continuation with candlestick formation.
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