About meI'm a survivor of life. I try to give the glory to God and appreciate what's happening to me. I aspire to inspire others to dream more and become more. Afterall, we are all leaders. I don't believe in limitations, period!
Based on my confluences, I expect the market to push to 109.110 where I will observe the next move accordingly in an effort to clearly identify key areas of profit taking or re entry based on momentum and reaction at each individual area of interest.
1. Price ranging between Daily res 1.8300 and Daily sup 1.16670
2. Overall trend is down, momentum show strong bearish rejection of 4hr zone 1.18010 which could possibly be a supply zone, will retest before going further down to 1.16670
3. All zones are in line with fb areas i.e 4hr resistance (1.18010 ) aligns with 38.2 fib and 23% fib levels...
1. Price is above monthly support 110.680
2. I observed weekly higher low formed above daily support113.050
3. Price Is still bearish but approaching green trendline very bullishly
4. We could see a break above as resistance is very weak now.
OR we could see a double top formation, retest of resistance then a fall in price.
5. We shall wait for a...
1. Strong bullish breakout above 1.46520 daily support.
2. Observation of higher lows on 4HR timeframe becoming eak. (TRADING TF)
3. Observed ascending broadening wedge pattern on 4 HR TF.
4. Waiting for a break below 1.46520 daily support before entry.
5. Wait for market open to observe price action at blue area