Foresee price coming up to re test channel which lines up with the 61.8% level.
Stop placed above highlighted resistance zone.
TP lines up with ascending trend line which could be broken or rejected by price.
Will observe price action tomorrow, if my pending order is not filled I will look for a manual ...
Price managed to close within channel
Long wicked hammer on the H4
Price completed counter trend ABCD move as it rejected the 127.2% level - better seen on the hourly time frames.
TP lines up with 61.8 of bigger ABC potential move.
ABC formation with a rejection of previous resistance zone which happens to line up with the 61.8% level
Trade entry entered based on bearish candle close on the H4 which, on the H1 and less broke the inner upward trend line and closed below it.
TP lines up with monthly support area and AB=CD leg
ABC formation with rejection of the 50% level and re test of channel line
Stop above demand zone area should there be a potential spike to the upside
2 potential take profit targets with the 2nd take profit(161.8%) being in line with weekly support
Trade entry entered on H4 candle close
Price came down to the 78.6 region of the inner ABC formation; formed a reversal head and shoulders pattern
Did not buy the right shoulder however waited for price to break the descending inner trend line were my pending Buy limit order got triggered as I expected price the re test the previously broken trend ...
Price has been respecting descending inner channel
Price already formed an ABC setup, which is a bit clearer on the lower time frames, and has rejected the 50% level several times
Take profit is based on the reverse ABC formation of the upward trend which lines up with support as well
Sell stop order placed ...
Price rejected 0.716 price area three times which has formed a triple bottom
Price broke inner descending trend line with a possible formation of a upward inner trend line
Foresee price coming around the previously broken resistance now turned support.
Which also lines up with my 61.8% fib level
Will be targeting ...
Broke previous descending channel and started trending upwards
Price has been respecting the upward channel with a possible re test around the 61.8% level which slightly lines up with previous support and 55 EMA
Pending order placed at 1146.61 with 2 potential targets in mind
Price broke descending channel with a re-test before making a higher high
Expect price to come back down to 1.2263 which is support plus it is between my fib area
Could see price head to the 1.250 range as there is high resistance with descending trend line confluence, which happens to line up with the 161.8% fib ...
Price broke downward channel
We've seen price making higher highs and higher lows
I foresee price going up to the 1.250 range to re-test the fresh resistance zone together with the descending trend line
Pending order placed at highly confluencial
Wedge broke to the upside
Price bounced from fresh 1 hour demand zone which happens to line up with the fib levels as well
Pending order activated with stop just below the 78.6% level
See previous analysis breakdown
Expect current candle to close as a hammer and reject the demand zone
Price already showing exhaustion as there is MACD divergence formation on the lower time frames
Price currently has not broken the inner uptrend on the lower time frames however we have seen price resisting the previous resistance zone - around 1.3555.
We could see price breaking inner uptrend line to make a new ...