Overall structure on the monthly and weekly timeframe is bearish. The pair currently testing weekly resistance at 34250 which has proven to be a strong barrier over the last month. Looking for a dump in price with the blue lines being areas of partial take profits while moving the stop loss. 1:20 risk-reward and a proper swing position. Let us see how it goes
When you zoom in on the hourly chat you can see that the pair is constantly forming lower swing highs on a resistance level. Target projected to the -27.2 fib level.
Major/Bold call on this one. It is evident that the market structure is bearish on crypto and I do not see any bullish bias whatsoever. BTC has just tested a daily level and broke weekly lows on Monday. It is showing signs of rejection before it plummets down to 26k first then 21k.
0.65 has proven to be a major psychological level for XRP since its invention and right now the level is holding as major resistance. A nice double top formation has formed on the level and I am keen on XRP reaching daily lows at 0.43.
Price has just tested daily resistance with a nice double top formation on the 15 minute timeframe; together with a bearish engulfing. Price projects into the -27.2 fib level which is 1.3750. Monitoring the trade during london session.
GBPCHF is at weekly resistance and has just formed a bearish engulfing formation pattern. I believe it is overstretched to the upside and that a retracement is inbound. 90 pip target. Let's see how it goes!
EURJPY has just tested daily resistance with a nice rejection candle at the 15-minute timeframe. Target projected to the -27.2 fib level on the 4-hour timeframe which is 130.52. Let's see how it goes
I believe US30 has completed its pullback and it is due to drop 200 pips. My target is at the -27.2 of the Fibonacci level on the 1-hour timeframe. Let's see how it goes!
This is my setup for US30. Looking to enter at 34550 and set 34880 as a primary target before we go to 35000. Zero indicators. Just raw price action as price is in an accumulation phase. 300 pip target. Expecting volume in the New York session. Let's go!
Yesterday we saw a major pump and dump in price which was caused by the US CPI news during the New York session. US30 weekly and daily structure are both bearish; however, I expect a pullback to 34600 before we go lower to 34280; which I believe we will see next week. Monitoring buy positions currently. Potential 100+ pips move to the upside today
The pair has formed a nice rejection candle on the 1-hour timeframe and exactly at the 0.77 psychological level. My target is at the -27.2 of the Fibonacci retracement tool and I expect price to hit my target by tomorrow's New York session.
EURUSD yesterday tested weekly resistance and formed a nice rejection candle on the 1hr timeframe (bearish engulfing) and the 4-hour timeframe. Used the Fibonacci extension tool to set my target at -27.2. I am cautious of the FOMC news to be released later today. TA is bearish. Lets see how this one goes!
