As we can see AJ is forming an inversed H&S. I like to trade it the agressive way. Levels as shown on chart. Maybe nwxt week we ll see this trade come to life.
I'd like to see price at 16k-20k area again. ;)
As my other analysis on GA, on EA we may see a little bit Bullish movement before Bears come into the game.Levels as shown on chart.
Price made the second LL and now looking for LH before the third LL.Price broke support at 1.80550-1.80800 and this zone correlates with golden pocket 61.8-71% fib. Stops just above last LH with a nice 3.2 R.R .Our Tp will be just above next support at 1.76500.
wait for it to break Trend Line. wish you many pips.
As we can see the market is respecting the CHANNEL and TRENDLINE, will do so till the "4 hours resistance" (0.72280),then we expect for price to drop and break the "4 hours support" (0.71200) and go at the "daily support" (0.70455).Then I think that the market is going to retest the TRENDLINE.If this happens,there will be another good oportunity to sell.In my...
Fibbo at 61% means price will go up at -27% (1.34100) and then we will wait for a bounce to go for sell. It will break 4 hours and daily support.