doctordrew77

doctordrew77 Updated 

Zoomed in to the 1H. The minimum R/R = 4.2. See 1D & 4H charts for different perspectives. EOW marked w/vertical, red line. Expecting a very brief upward tick from USD which should bring price closer to new support, already tested. Then, a launch upward. Interim consolidation cannot be ruled out.

doctordrew77 Updated 

On the 1H, there's a bearish div. forming with a doji at the end. Attempts to pinpoint the new, best entry are slightly out of focus. I would not be surprised if the entry was located in one of the Fib. confluence zones (0.886, 0.786), though a revisit of my monthly line is still possible. Given the noise in the signal, and the adjacency of relevant levels, I'm...

doctordrew77 Updated 

Pair is within striking distance of a return to the weekly, bullish trend. If the trend holds, entry is noted. Long-term target is hazy, but with accompanying SL, could provide R/R of 15 or even higher. Will (re)assess on shorter time frame or frames at a later date.

doctordrew77 Updated 

Expecting a pump over the monthly resistance as we transition from the second half of April into May. Retest possible. Retest also not guaranteed. Precise entry levels identified by combination of weekly support/trend coupled with Fib. levels of current 4H, 1H swings. Not unlike JPYUSD & GBPUSD, bullish run expected to continue, but will be looking for one more...

doctordrew77

Upper and lower trend bounds from prior to acceleration of downtrend are marked. Along with X.382 (yellow) and X.236 extensions of trend from the first portion of the downtrend, these represent levels above which price is expected to break out on a bullish move. Higher TPs are based on an expected retrace of the entire, bearish trend leading up to the retrace. The...