Price broke 1800 and we had a 4hr candle closure above. Caught an entry on the retracement to 1799-1800 which is the 50 golden zone on lower tf. Anticipating a push up to 1807 with volume.
Price broke above descending trendline on 4hr and retested, failed to break below 1.80000 key psychological level. Bullish engulfing candle on the 4hr, bought in on the new 4hr retracement to continue up.
Price has retraced heavily into the 1.37750 area, expecting bullish momentum to come in as we have reached the 764 FIB ZONE and are still in a bullish trend on the higher tf. There is also a significant support zone around 1.37650 which I expect to be respected. SL Adjusted to 1.37600
Price rejected off 4HR ZONE around 1.39, expecting a retracement towards 1.38000 before a continuation up towards 1.4. Currently respecting 1.38450 resistance so downside potential at US market open seems likely.
USD respecting key support level, which is also golden fib zone, Low unemployment claims strengthen dollar. Anticipating a push up with NYC open. Risky trade as NFP is tomorrow. Lower risk.
4HR TF bearish, price broke support, expecting a drop to 1806- 1807
Im adding another position due to the 4HR closing string bullish, price retraced down to 50 fib level. Expecting s wick up and continuation.
Price respecting fib level, 4 hr timeframe bullish. Expecting a retest of 4hr highs at 1.37500
Price oversold and at support. Bullish pressure on 4hr, anticipating a retracement.
Price at resistance trendline on the 4HR tf, divergence on lower tf. Anticipating correction and lower low.
Price is approaching a strong sell zone and resistance. Price has been bullish for months but after touching a monthly resistance I anticipate price lower for a bigger retracement. Lower lows and lower highs on the 4HR tf and price is about to become overbought on the 4HR tf.
Price respecting fib level and has broken above resistance on the 1hr tf.
Looking for a bearish continuation after a break of wedge pattern.
Looking to go short once the hour candle flips bearish, previous 4 hr broke support with engulfing. Expecting a correction retrace to golden fib zone.
Waiting on break of resistance on 30 min tf to go long.
BROKEN STRUCTURE, STRONG DOLLAR, CONTINUATION EXPECTED.
EURJPY SHORTS, BREAKING SUPPORT WEAK EURO RETRACEMENT DUE
Divergence on 1hr, oversold on 4Hr. bullish engulfing, waiting on break of resistance to go long to correct some of the move down.