Possible M forming on Daily, check along the week
DXY bearish for the week, probably retest on trend line, if breaks shoot down towards 94.92
GJ long, until green zone ( structure for retest Bounce off 78.6, small SL approx 25 pips
After a long bullish rally, price is finaly heading south for some correction. I expect 2 legs south before heading north again. a leg down to the 1.60 area seems obvious to me. reasons to go short: Monthly: Doji, large engulfing bearish Heading towards 61.8 fib on the bottom of the zone ( no mans land ) Weekly. / Daily heading to retest 200 sma after...
EUR use long, headed towards 61,8 fib on daily. reasons to go long: Monthly rejection of 61.8 fib ( monthly tf ) Weekly rejection of 61.8 and structure created Daily: Break of bearish trend line ending first leg of downtrend swing, now heading towards 61.8 retracement which is previous consolidation area After the 61.8 is hit 2nd leg towards -61.8 is...
HS formed on h1 AUDUSD TP around 161.8 fib extension ( blue extension so, reasons to short: 61.8 fib rejection on daily Headed to completed H&S pattern Rejection of previous monthly high 200 ma above price, price retested, failed. Hit resistance level
I expect EJ to move south based on: Daily: 1) Fib 61.8 rejection 2) Rejection LQP 130.00 3) Rejection structure 4) Rejection 50 ema 5) Weekly bias Bearish Enter at CMP 129.08 TP 122.200 SL 130.601
GA has been trading in a channel, now hitting the bottom of the channel and expected to go to the north of the channel.
USDCAD was already moving in a bearish channel after the break of the bullish trend, Reasons to go short on 4h TF: 1) Daily/weekly BIAS Bearish 2) Rejection of bullish trend line 2) Divergence 3) Inside bar 4) Rejection of TL 5) EMA crossing stage 1 6) Rejection of Resistance I am setting a pending order @ 1.298 with a tp of 1.27 and SL @ 1.312 risking 134...
AUDUSD downtrending, I believe AUDUSD will be heading more south, targeting 0.69866 because: 1) overall bias downtrend 2) Rejection of the 38 fib 3) Rejection of 20 ma 4) Broke monthly S/R and is now retesting. if fails, it will head downwards to the 0.618 fib extension.
EURUSD markup 1-4h overall bias is bearish, small corrective wave, needs to break 2 structures before heading south. Long term I see EU heading towards 1.05 last seen August 2002
On daily we see a doji appearing followed by a bullish breakout, I expect price to retrace towards 114.5 ( near 36.8 fib ) and then pull back towards 109.10 area
AUDNZD was pushed down by the positive CPI which was double the prediction good news for the kiwi traders... On the AN chart, it was pushed down a important structure are which immediately got retested and failed. it was also a sign of a breakout of consolidation for a longer period, and a break of the bullish trendline
ushushi markup , new chart same as previous. still heading down within the range... probably bounce off 50 fib or 61.8