POSTED THE DAILY CHART OF THIS SOMETIME LAST WEEKEND. WE HAVE SEEN A BREAK RETEST OF THE WEEKLY TREND LINE WITH A POSSIBLE WEEKLY ABCD. HERE ON H4 WE CAN AGAIN SEE AN ABCD WITH A 50% RETRACEMENT WHICH ALIGNS WITH RESISTANCE TURNT SUPPORT AND THE WEEKLY TREND LINE. THREE POSSIBLE TARGETS IF WE SEE PRICE ACTION TO TAKE THE LONG. SOME GREAT RISK REWARDS. LETS SEE...
BULLISH BREAK OF MONTHLY RESISTANCE BREAK OF TL TO THE UPSIDE DOUBLE BOTTOM
Dollar weakness. Break through cloud support looking for 95,50. Break of outer trend line and we should revisit 93.00 Break back above 97.00 and we will be looking at 98.00 then 100.00
We have broken the upside channel and looks to have retested. Weekly close bearish engulfing. Break of 89.00 then the next downside support is 87.00.
BULLISH OPTION: On the weekly we have a bullish ABCD playing out with a 50% retracement. The 50% retracement also aligns with structure and the 200MA. We have MA's crossed to the upside on all time frames. Waiting to see if we have a daily close outside the bearish channel/flag. Then i would like to see a break retest of 1.51 for a long position. BEARISH OPTION:...
SHORT TARGET D2 WEEKLY SUPPORT 0.725. THIS PAIR RESPECTS ROUND NUMBERS SO POSIBILITY OF 0.7, WHICH IS MONTHLY SUPPORT.
Overall bias is short. If price breaks the inner trendily then we could posibily see an outer trendily touch. Price has recently broken through monthly support. (possible retest).
My overall bias for this pair is long to 125.5 if we break 124.50 and moving averages cross to the upside. However if we see a break to the downside past 123.6 then i would consider a short back down to 122. Price is currently between support and resistance in a box range.
WAITING FOR BULLISH PRICE ACTION. BREAK OF FLAG TO THE UPSIDE TARGET 12250