WHERE PRICE IS TODAY @1.63500 WE HAVENT HAD A DAILY OR WEEKLY CANDLE CLOSURE ABOVE THIS LEVEL SINCE THE BEAR MARKET OF THE 2009 RECESSION CRASH. ABOVE MY PURPLE KEY LEVEL IS UNKNOWN TERRITORY WHICH HAS BEEN REJECTED MULTIPLE TIMES WITH AXY WEAKNESS WE MAY SEE CONSOLIDATION BEFORE SELL OFF TREND LINE BREAK & RETEST HAS TAKEN PLACE 1.6100 IS ALWAYS RETESTED...
-SELL OFF DUE IF WE CAN STAY UNDER WEEKLY RESISTANCE - DONT FIGHT ANY CONSOLIDATION BATTLES AWAIT GOOD CONFIRMATION
-PRICE AROUND A STRONG LEVEL FOR THIS PAIR (1.9300) -SHOOTING STAR CANDLE CLOSUURE -PRICE SITTING UNDER WEEKLY TIMEFRAME SIMPLE MOVING AVERAGE AND WEEKLY KEY LEVEL -CONSOLIDATION COULD TAKE PLACE BEFORE SELL OFF -AWAITING PRICE CONFIRMATION IN STRONG BEARISH CANDLE FORMATION -GREAT 300 PIP SWING TRADE
-TRENDLINE BREAK RETEST CONTINUATION
-THIRD TRENDLINE BOUNCE -H4 BEARISH ENGULFING CANDLE FORMATION -CHANNEL TRADE -DAILY TIMEFRAME SHOOTING STAR REJECTING OF DAILT SIMPLE MOVING AVERAGE -LOOKING FOR A COUNTER TRENDLINE BREAK (YELLOW TRENDLINE)
-HEAVILY OVERBOUGHT -OLD SUPPORT PRICE MET AS A RESISTANCE (PURPLE ZONE) -POTENTIAL DAILY TWEEZER TOPS & SPINNING TOPS
If we continue to see several/indesicive signs on this pair I am looking for around 70 pips to the downside back to my white counter trend line. Its important price stays on the bottom side of the pink trend line to see this play out going into Newark and aisa sessions
-Channel Trading - RSI Overbought -Monthly Resistance met -Lower time frame price action candle reversal signs
Good afternoon from the UK, well what do we have here? the last time i Traded this pair was around the 1st May looking for the decline to 0.8700 (Please see the related idea). Here we go again. What i can see is my weekly key level no longer acting as a floor support which broke through but now a ceiling resistance with long wicks rejecting the 0.8900 price...
Good Morning from the UK. With the DXY being real weak this week its allowed gold to soar to yearly highs! As we know what goes up must come down. But when? I have a longterm weekly Pink trendline across the top of which price rejected and closed under on Fridays closure as price was entering the 'unfamiliar' territory. The price range of 1340.00 - 1350.00 is...
-WEEKLY BEARISH MARUBOZU CANDLE CLOSURE -WEEKLY RESISTANCE RETESTED AND REJECTED ON THE DAILY -38.2% FIB RETRACEMENT -MONTHLY KEY LEVEL MEETS WITH FIB EXTENSION GOOD TARGET ZONES
-DAILY MORNING STAR -4H & 2H TIMEFRAME BREAK OUT OF CONSOLIDATION ZONE -EXUASTION BUY TRADE ( THREE SWING LOWS, CONSOLIDATION NOW BUY) -140.000 PSHYCOLOGICAL LEVEL AT A STRONG MONTHLY RESISTANCE.
Will the pound regain strength next week? WHATS YOUR THOUGHTS? COMMENT BELOW
-WEEKLY PINK TRENDLINE HOLDING AS RESISTANCE -DAILY MORNING STAR CLOSURE -BREAKOUT AND RETEST OF A WEDGE FORMATION -PRICE CLOSING ABOVE MOVING AVERAGES
-WEEKLY HANGING MAN -DAILY SHOOTING STAR -CONSOLIDATION AFTER A BULLISH MOMENTUM -LOOKING FOR A BREAK OF MY WHITE UPTREND TRENDLINE
-WEEKLY TIMEFRAME HAMMER CLOSURE -HAMMER AFTER 8 DAY BEARISH TREND\ -HELD AT DAILY PURPLE RESISTANCE AT 0.65150 -DAILY & H4 BREAK OUT OF BEARISH TREND -NO LONGER SITTING BELOW MOVING AVERAGES ON H4 DAILT TIMEFRAMES -FIB RETRACEMENTS WORK AS TARGET ZONES
-MONTHLY RESISTANCE ACTING AS RESISTANCE -FIRST DAILY BEARISH CLOSURE AFTER 15DAYS (3WEEKS) -WEEKLY SPINNING TOP CLOSURE (SLOW DOWN OF MOMENTUM) -FIBONACCI RETRACEMENT LEVELS TO BE MET -RSI OVERBOUGHT -TRENDLINE TOUCH, REJECTING A BREAK ABOVE