- Price respecting dynamic resistance - Clear rejection of 61.8 fibonacci level - Clear bearish market structure with lower highs and lower lows
Clear bullish sentiment, absolutely no reason to be looking for shorts, anticipating a small pullback before next impulsive move to the downside
No directional bias just yet, awaiting price to set up accordingly Price forming wedge/pennant formation, anticipating break +retest before taking position in either direction
Price forming falling wedge and has now broken out and retested, anticipating some buy side pressure to around 1.78000 levels
Price in falling wedge candlestick pattern, anticipating break in either direction before taking entry Price targets set using previous price action
Breakdown from falling wedge + retest Anticipating bounce off dynamic support and push to downside Target 1 set at 1678, target 2 at 1640
Clear bullish sentiment, anticipating bounce and another impulse towards upside
Price bouncing within clear pennant structure Anticipating retest before push towards downside Price targets based on previous key levels 1:7.5RR
- Price seems to have broken out of pennant/wedge structure towards upside - Anticipating retest of dynamic resistance before push to 109.200 area - 1:3RR on this trade, 2% risk as always, let's see how it develops
No bias at the moment, awaiting breakout and retest of this zone before considering taking an entry.
- Price currently in a falling wedge pattern, anticipating move to the upside - Expecting break and retest of current dynamic resistance - Targeting 1.76700 area, 1:4RR
- Price respecting dynamic resistance - Break and retest of support level now turned to resistance - Sitting at 0.5 fibonacci - Anticipating bearish move towards downside, targeting 1:4RR
Double bottom pattern could indicate a reversal from bearish to bullish Recent break and retest of neckline confirms strong buyside pressure and good entry point for long position Price target based on previous key levels of structure. 1st target 1:5RR 2nd target 1:11RR
Price consistently respecting dynamic resistance, sitting around 61.8 fib level, and showing clear bearish bias on higher timeframes with bearish market structure. Could anticipate potential impulse towards downside, price target of 1675
Clear rejection of dynamic resistance, 61.8 fib level, and clear bearish market structure, can anticipate move towards the downside. 1:10RR