Confluences on the pic. H&S, retest, fib level, nice strong liquid break and slow re-test to the zone. Look out for a potential setup after rejections on the key level
Possible inverse head and shoulders with retest of key level, 61.8 fib level and 4H trendline
3rd touch, everything explained on image
We have a clean downtrend structure, clean liquid break of the previous support with super strong bearish candles. Possible retest on the resistance which also falls in line with a super precise trend line retest and 61.8 fibonacci level re-test.
Break & R 1H, multiple rejection wicks, bearish engulfing. Everything lines up with the downtrend. Short
Took out previous lows, rejection on 61.8 fib + 200EMA, clear bullish structure on the 4H. Entering on the higher low. Target at the next resistance zone. Bullish fundamental bias as well.
Dollar getting weaker every month, clear downtrend, re-testing resistance and the FIB 'Golden Zone' (bearish engulfing candle on resistance too), potential head and shoulders pattern and clear 3rd touch of a clear trend-line. Overall bearish fundamental bias as well. We have all the confluences in one single trade x)
Price on a steady downtrend. Retracing on the 61.8 fib level on the 4H timeframe with a long rejection wick (bearish engulfing pattern on the 1H timeframe as well. Waiting for the 1H candle to close as a bearish engulfing to go short)
Retest on trend line, rejection wicks, pin bar formation and bearish momentum forming. Taking profit at the next area and leaving the position running for a 1:3 Risk-Reward
Price broke resistance level, waiting for it to retest. Could be a nice buy position