M - Current price action suggest its going UP on the M but lets see how it reacts to the resistance above W - Same as M but currently looking to retrace, if retracement breaks 119.2, it might suggest a bigger sell D - Rejection from the resistance and seeing a small retracement currently - expecting more downward push next week
M - Up W - Currently heading down but should really be waiting for the UP move to resume D - Once the previous day high isn't broken, i'll look for a sell. 4h - Down
Looking for long term target - 103 Short term target - 107 M - Down (Indecisive candle in Oct. - Resume downtrend in Nov?) W - Down (Engulfing the prior 2 weeks with a bearish candle - will continue going down next week?) D - Slight retracement in the last D candle but expecting it to continue to go down 4hr - It is possible for more retracement going up - max 40...
Pree fi short gold inuh... wait pan a resistance fi hold then watch the break out down fi tek di sell gi 2 possible short entry position seen on the chart
Monthly - Bullish Weekly - In a strong retracement from the bullish run Daily - Unsure of the direction but will use 4hr and weekly for the bias (had tall wicks on the daily from the downward push so maybe bearish) 4hrs - Looks to be consolidation between prior week candles but heading down at the moment (short term) 1hr and 30min indicates a bearish direction so...
Overall - DOWNTREND Monthly - Strong Green Candle at the moment Weekly - Looking very bullish as well Daily - Looks very bullish but is approaching strong resistance 4hr - Candles bounced off the .382 fib and looks to be going up to atleast close the gap 1hr & 30 min - Looking to close the gap then tough resistance above
ALTHOUGH THE TREND LINE BROKE ITS STILL A BUY UNTIL THE SL GETS HIT
SIMILAR TO NZDUSD - UPTREND... RIDE THE TREND GOING UP
FROM THE SET UP SHOWN, ITS ON THE WAY UP... UNLESS ANYTHING CHANGES AND THE SL GET HIT, THEN RE-EVALUATE.. OTHERWISE BUY
LOOK FOR THE SELL
Seems like EU respected the support and is looking to head up at the moment. Short term update.
Fib drawn from the Daily chart on the 4hr as seen, the down trend is about to be/ is broken will that take the pair up or the down overall trend will resume before hitting any fib level? Journal entry lol
.618 got rejected on the 4hr TF I am looking for UCAD to go to atleast 1.3 I believe this is a strong sell Overall downtrend will resume and this is the end of the retracement
do you buy the 'retracement' of EU at the .618? or do you sell the support turn resistance on the 30min?
The pair tested a long uptrend line and bounce mid day.. looking for a retest of the uptrend line and the support to see if the pair will go up again or break through and continue going all the way down. The pair failed to break above the .618 fib level. 2 red candles bounced down on the hourly - (prefer to enter based on 30 min but hourly is ok too) Looking to...