Trade-With-Ease

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I am solely a price action trader and base my markups from past and current market movement. I don't look at fundamentals purely technicals since that is the only thing that's ever worked for me.

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I'm Expecting price to retrace down then return its trend up. If not price will continue down as noted in my analysis. Always have two ideas of where price may go because sometimes it doesn't go the one way you intended it to so you always have to have a back up plan.

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Waiting for a break of this consolidating box either up or down

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I expect some possible movement up to gain liquidity possibly and then we will start to drop to fill that major drop that happened last week

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???

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I want you to explain to me why i marked up the chart the way i did?

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Price stopped at a minor level near 111.100 we could see a drop to 110.700 where price with bounces from or breaks below if so id near a clear break to 110.600 in order to take short positions. if not price could bounce from 110.700 and rally up between 111.1-111.500

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Price stopped at a minor level near 111.100 we could see a drop to 110.700 where price with bounces from or breaks below if so id near a clear break to 110.600 in order to take short positions. if not price could bounce from 110.700 and rally up between 111.1-111.500.

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Price has recently started creating LH's & LL's after the bullish run price was having. If price fails to break and close above 111 than I expect price to continue the bearish channel it is creating.

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I expect some pullback until we reach a zone where we can continue its rally up to around the high 112-113 level unless we break past this zone then we will be headed up. If we break past our recent support area we are pulling back then I expect the bears to take full affect and well be heading back into the lower 100s.

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This is just for personal learning. You can look and see as I expect a possible pullback to what was former resistance and I believe it may turn into future support and continue up until its next resistance level. Any input is appreciated! Just a fyi this may take time to play out as I am looking on the 4H and Daily time frame.

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Forgive me I am not specialist when it comes to knowing all the bullish and bearish pattern formations YET. But it has been in a clear bullish channel for a while now. But recently its created higher lows and highs. It can continue to rise up as I have drawn. I can tell it is in a breakout formation to the upside or down is too early to tell.

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Down till the 0.9622 level which can hold as support for a potential reversal or keep heading down to 0.938.

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Double top forming possible head and shoulders could form if price wants to be stubborn. If price is not able to break above 88.80 level then it will drop down to 3 possible areas 1st being 84.000 2nd. 82.000 or 3rd. 80.000

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From a long term daily perspective I see it has been in a downtrend. It has retraced up to a level (1.444) it may reverse at or go up a bit (1.4500) more then finally head down to around the 1.42000 area.