gelena3000

gelena3000

I am anticipating a 38.20% 2H retracement before price rallies to the daily 50.00% retracement level for 50 pips (also the third daily trend line touch). If price breaks the daily trend line we can expect a rally to the next resistance zone (0.75550); However, if price rejects the trend line, I expect the continuation of the current downtrend for the next lower...

gelena3000

Confluences: 1: Weekly Engulfing followed by bullish rejection 2: Daily Bullish Engulfing Formation signalling further upside 3: Right shoulder forming of inverse H&S on 2H TF 4: MA acting as dynamic resistance on 2h TimeFrame 5: Expecting a continuation of the main Daily uptrend, the inverse head and shoulder formation on the 2/4H Timeframe indicates a trend...

gelena3000

Anticipating a minor retracement to form the right shoulder of the inverse continuation follower by a counter trend line break pushing price to the 1.33000 level. 100 MA is acting as dynamic resistance on the 2H timeframe. There's also a bullish engulfing on the daily time Frame insinuating that there may be further up side during the upcoming week. A list of...

gelena3000

DXY DECLINE

gelena3000 Updated 

After a touch of the weekly trend line, i am anticipating new highs after the break of structure on the 4H chart. I see it happening in the form of an inverse Head and shoulder pattern. lets see how it plays out

gelena3000

A Simple Analysis for beginners who are trying to understand market structure!

gelena3000

Price is currently @ weekly support 1.29000 and may possibly be forming a double bottom on both the 4H and D1 timeframe. I am expecting either a a 38.20%, 50%, 61.8%, or a 78.6% retracement to coincide with an advanced pattern. Price is @ a good level to buy as in a clear trend channel. Before entering look for further confirmation from candle readings on lower TF.

gelena3000

expecting price to use the 38.2% level (on fib retracment) and use the zone @ 0.78743 as support whilst keeping within the trendline. Also there is a bearish engulfing candle so prices are expected to fall before they rise. be sure to set your stoploss @ 0.78566 & take profit @ 0.79193 which is just below the 50% retracment level. awaiting nest candle which is @...

gelena3000

i feel that the trend will retrace @ the 38.20 level or just under, go long - take profits and then go short :-)