sikhumbuzo

What do you think about this?

As price failed to carve out new highs over the February 2nd highs and has come back to test the support trend line, i'll be monitoring the level for a break out before entering the market. i'm extra careful here because the other JPY pairs are not clear cut cases of the intention to sell hard

Current support level : 1.35837 current resistance level : 1.37876 Harmonic Patterns : bullish Shark Pattern Trend analysis : support trend line break out retest Fibonacci : 62% retracement the last major swing SL @ 1.38684 TP @ 1.21210 Strengths: - Price usually corrects itself so that it doesn't stray off to far from the EMA 10 & 20, the support trend line ...

current support level : 0.76347 current resistance level : 0.77801 Harmonic Patterns : bullish Gartely Pattern Trend analysis : Rising wedge, double bottom @ the support trend line Fibonacci : 78.6% retracement of XA leg SL @ 0.75934 TP @ 0.81770 Strengths: - Strong confluence at this zone Weakness: - Rising wedges, in most cases, break out to the bottom - ...

The 1st is the butterfly pattern that just completed, but i suspect that a bigger order block sits around the trend line.

bulls barely managed to keep their head above the water, so i'm entering the trade with a smaller lot size, the next daily candle is, for me, the decider

if today's candle breaks the current support level, look for opportunities to short.

price pulled back from the neckline perfectly but there's the NFP tomorrow so prepare for a bit of some turbulence.

nothing confirmed yet but with the pin bar forming, it doesn't look like the bullish bat pattern will reach it's completion point

short the shark

buy the retest of the break

a bullish bat is currently forming on the 4hr chart , price will conclude the 1.168 BC projection at 88% retracement level of the XA leg, this area coincides with the trend line formed almost a year ago and is also the bottom of the current range.

nothing confirmed yet but the pair might be gearing up for a break to the upside, wait for the break of the wedge's channel and a retest

the rising wedge was broken, and now a retest of the channel is currently underway

price is already showing signs of weakness and gearing up to move to phase E glossary of terms AR Automatic rally or reaction BC Buying Climax LPS Last point of Support (Demand) LPSY Last point of Supply PSY Preliminary supply SOW sign of weakness ST Secondary test UTAD Up thrust after distribution SC Selling Climax UT Up thrust

Price broke the first level of support clearly seen on the daily chart so i don't think we're going to get the much anticipated retest of the rising triangle, the weekly chart may nullify the close as a false break but only time will tell. i'm going short at the retest of the horizontal line and setting a 10-14 point SL in the mean time

price looming over the 3rd bottom and a test of support trend line of the rising wedge, fib level wise, this is a 50% retracement of the up swing.

SL: 1.26889 TP: 1.18334 Bearish pin bar formed on the key area of resistance. price may complete a bullish butterfly.