OVERALL LOOKING LIKE A FAKE BULL RUN . ON DAILY DXY DROP DOWN TO MY 161.8 AND BOUNCED TO 127.2 & STRUGGLING . LOOKING LIKE A DROP ONCE 4H UPTREND IS BROKE . LOOKING LIKE IT WILL BE HEADED EITHER 261.8 OR CONTINUE TO 361.8 ONCE MONTHLY IS BROKE ONCE AGAIN FROM EARLY SEPTEMBER . GOTTA BE PATIENT THEN REACT TO THE MARKET .
DESCENDING DAILY TREND . WAITING FOR COUNTER TRENDLINE BREAK FOR ENTRY
2 DAY STRONG RESISTANCE @261.8 FIB LOOKING TO RETRACE TO 161.8 FOR MORE MOMENTUM FOR A CONTINUATION TO RETEST MONTHLY HIGHS AGAIN .
NICE REJECTION CANDLE CAUGHT ON THE 127 RETRACEMENT GIVING INDICATION OF TREND CONTINUATION . LOOKING TO TP @ 361.8
tp@ MONTHLY RESIS If resis holds , then will be looking to short .
Overall Market is looking Bearish . Caught a Nice bounce off Weekly Resis . ADX
WEEKLY/DAILY REJECTION + SHOWING WEAKNESS @200 SMA + 161.8 FIB RETRACEMENT + PRICE HISTORY . LOOKING FOR A NICE SHORT TO MONTHLY SUPP . ADX-DELAYED
noticed a 15min channel forming within my consolidation box and took a nice position to short and price broke . looking to TP @daily supp
waiting on conformation of this 1hr consolidation break pass 4h support . expecting more downside forming new LL
MARKET FORMED A 4H DOUBLE TOP & WAITING FOR CONFORMATION OF TREND BREAK TO TAKE SHORT . ..... LOOKING FOR A 90-110 PIP DROP HOPING FOR A BREAK IN DAILY SUPPORT .
DEPENDING on 4h close , i will be looking to short @ the 0.618 retracement hoping for a strong downside
MARKET RETESTED MONTHLY RESISTANCE FOR ANOTHER PRICE REGECTION . LOOKING TO BREAK DAILY SUPP AND TP AT WEEKLY SUPP .
IF YOU LOOK LEFT YOU WILL NOTICE STRONG PRICE REJECTION STARTING BACK IN JANUARY AND CONTINUES ON THE DAILY CHART. MAKET SEEMS TO BE RESPECTING FIB RETRACEMENTS AND DEPENDING ON 4H CLOSE ON THE 0.50FIB I WILL BE LOOKING TO SHORT HOPING MARKETS DIVES DOWN TO BREAK DAILY SUPPORT & RE-TEST WEEKLY ESPECIALLY WITH RBA MEETING TMM . IF RESPECTS DAILY I WILL TP. MARKET...
NOTICE HOW MARKET CLOSED UNDER PREVIOUS HH,HL . HH,HL REPRESENTED BY THE RED AND GREEN FOR LH,LL . MAKET STILL UNDER 50EMA. LOOKING FOR MARKET TO TEST 4H SUPPORT AND BREAK TOWARD DAILY SUPP . LOOKING TO TP@1.618FIB
hoping for a 0.786fib continuation also noticing weakness in the bulls . LL HL
taking a short for a 0.618 rertracement with my SL @ the 50%fib predicting market will hit 0.382 retracement forming a nice Head& shoulders pattern sending market to retest Daily Support . if break then looking to
MARKET RETEST DAILY RESISTANCE 3TIMES IF MARKET TOUCHES ONE MORE TIME I WILL ENTER A SHORT POSITION WITH 20-25PIP sl . MORE THAN LIKELY IT MIGHT NOT AND IF IT DOEST I WILL SCALP ON SMALL TIMEFRAME TO GET BEST POSITION POSSIBLE FOR A BEARISH CONTINUATION . TP@WEEKLY SUPP