EQ of Weekly block has been resistance for price for some time, this was the most likely scenario to pan out.
Next Weekly block is the target around 4.5k should be reached in time.
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Daily open cluster that sent price low (current resistance) simple S/R flip for higher prices and this would confirm low of day as a stop run.
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Original idea by Ribz
We successfully broke the range downwards, expecting a retrace to retest the level that sent us to the previous highs, and the range low, while targeting one of those previous lows. There's probably some nice liquidity resting below those lows.
Original idea by Svarog
This is a zoomed in follow-up on my GBP/USD -0.18% PART 1 setup.
Last week we got rejected pretty hard, failed to make a higher high, dumped and formed this red block on the 4H which should now act as resistance.
I'm expecting the week to open with some further dumping(not worth playing), possibly into the lower red 4H breaker, retrace back into the higher...
This is the first half of my GBP/USD -0.13% analysis.
On the weekly chart, we have some low crouching above the weekly support block, still within the optimal fib retrace zone.
The red level is an important weekly support/resistance level.
I think when we finally take out those lows, we'll have enough of a bounce to attack the previous highs.
We have 2...
We've made a higher high, which is a good sign, now we have to retrace before attacking new highs.
I have this gray 1H block and the red pivot level marked as possible levels that should hold as supports right now.
If we bounce from there, there's the next target marked as the yellow line which is a previous high.
Original idea by Svarog...
Welcome! To start off, ADA has been making a wedge formation that is neither leaning bearish or bullish , but it would be my expectation for it to break upward with our entry being at point D after the price bounces off of the lower trendline . I've added what I'd like to see the ichimoku cloud change to on the chart above; a thinner cloud indicating decreasing...
We have a break of that range, now all that's left is the retrace and a target of the next daily resistance level .
I'll update when it reaches the daily level, if I see it wants to go even higher.
Original idea by Svarog
Big picture first:
As you can see, we have a big void to the left which hasn't been filled yet, and the point where it would get filled conveniently falls exactly on .705 retrace from top to bottom. On the macro scale, I think it would have to get to that point before it continues its major downtrend.
The red levels are...
Pivot I'm watching to convince me we are going to see downside expansion. Currently below low timeframe level of engulfed demand
shown in chart below
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Original idea by Ribz...
Shown on chart is one scenario that could play out on EURJPY. We are looking for channel and pivot confluence
for tight entries + invalidation levels and high reward trades. Horizontals take precedence over diagonals,
break below pivot and we have a support resistance flip as the level is reclaimed for selling.
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