4hour MA's about to cross to upside. Trend line break/retest time for continuation maybe...? Entered on a trend continuation candlestick formation.
Gold idea, short scenario at potential inverse head and shoulders breakout target, in confluence with 50% fib and descending trend line resistance. Awaiting confirmation with MA cross to upside. Targeting lower low at 1200
Rising wedge, channel resistance, break out retest of longer term ascending trend line. Just some of the confluences for a short. Keeping it simple
Major resistance at potential neckline as outlined in prior video A retest of the channel and rising wedge would be an ideal entry for shorts
At the fib -0.618 we would have a retest of the ascending trend line break A much larger AB=CD is possibly at play with C at 1.12543 We have completed a smaller AB=CD starting from 1.052 Chart is self explanatory Monitoring price action and lower timeframes for entry Targets at larger AB=CD completion
Retesting a few wider TF resistance trend lines. A breakout continuation Ascending Trend Line / Descending Trend Line. Check previous post
Thought i already uploaded this pair, seem to have forgotten to do so. We failed to close above the MID price of previous day (Red horizontal ray) We retested head and shoulders neckline and failed to close above it. Measuring the distance we can see a final target at 0.7000 Risk reward is good so i'll be looking to trade this on Tuesday dependant on Monday's...
-Lining up for a possible short depending on price action at key psychological level of 182 -A retest of the H&S neckline would be an ideal and we may see it considering we're at 61.8 fib (support) A majority of confluences including MA's being down so i'll be looking for shorts for now Chart shows what I see. Just look for confluences and TradeEm'
My market maps of dollar yen haven't let me down as of yet so it'll be interesting to see how this plays out. A lot depends on the rate rise . Here are a few of the technical confluences I see: Currently trading above Weekly Inner TL Confirmed a void of downside projection Heavy reaction from 120.5 level AB=CD in play Im waiting for a close above 122 :...