Trend: Bullish;
Level: 1.1800 support; 1.19500 resistance;
Signal: Inside bar;
Summary: Last week price was in a PB and my expectations were:
1. If price forms a PA short signal on 1.1800 area, then that would be an indication of continuation of the short term bearish trend.
2. If price breaks through the same area, that would mean the return to global bullish...
Trend: Bullish (long term); Bearish (short term);
Level: 1.1700 - 1.1800 resistance area;
Signal: - ;
Summary: Long term trend is still Bullish, so preferred entry would be long from support (in case resistance breakout). But would be wise to look, how price will react to resistance area - in case rejection short term trend will continue.
By the looks of H4...
Trend: Bearish;
Level: 0.9400 resistance; 0.9200 support;
Signal: - ;
Summary: Price is retracing back to resistance area and while it holds - bearish bias remains. Will look for short PA signals near that area.
Target: 0.9200;
Trend: Bullish (long term), Bearish (short term);
Level: 1900.0 resistance; 1750.0 support;
Signal: - ;
Summary: While long term trend is bullish it is possible to look for a short PA signal near 1900.0 area, as the price will probably retrace back to 1750.0 support area. And while price is above that area overall bullish bias remains.
Target: 1800.0;
Trend: Bearish;
Level: 136.0 resistance, 132.0 support, 130.0 support;
Signal: - ;
Summary: Will wait for a retracement back to resistance and look for a short PA signal;
Target: 132.0;
Trend: Bullish;
Level: 0.7000 support;
Signal: - ;
Summary: While price is above support area bullish bias remains and I will look for long PA signals near it.
Target: 0.7400;
Trend: Bullish (ling term), Bearish (short term);
Level: 1.1700 resistance; 1.1400 support;
Signal: - ;
Summary: While price is above support area bullish bias remains, but there is a possibility of price moving to support area for a correction. Might look for short opportunities near resistance in case of a pullback and a strong price action signal.
Target area: 1.1410;
Trend: Bullish;
Level: 3200.0 support; 3400.0 resistance;
Signal: - ;
Summary: Key buy level - 3200.0 as bearish momentum (on H4 you can see that) is getting weaker. Would wait for a PA signal to form. In case there will be no tradeable signal, possible entry will be above resistance after breakout;
Target: 3400.0; Then 3500.0;
Trend: Bullish;
Level: 10500.0 support area; 11500.0 resistance;
Signal: Pin-Bar and a couple of tailed bars (but they are far from;
Summary: A Pin-Bar and some tailed bars had formed, but would be risky trading them - too far from support area. Although they are a good indication of the support buying strength. Overall, retracement momentum looks to be slowing...
Trend: Bullish: with a pullback to one of support areas;
Level: 25000.0 support; 26000.0 - 26500.0 support area;
Signal: - ;
Summary: Bearish pullback is near major support area 26000.0 - 26500.0. Retracement momentum is quite strong, but I reckon support will hold as the trend is Bullish which contributes to more buying strength overall. Will look for Price...
