zorrays

zorrays Updated 

Bias: Short Confluence: Failed to break monthly resistance (despite bullish impulse) Currently sitting on a strong daily support Descending Triangle (buyers struggling to keep the price up) RSI Divergence (Bearish) Target is next daily resistance

zorrays Updated 

PRICE CURRENTLY IN IT'S CORRECTION STAGE AFTER THAT HUGE BEARISH IMPULSE. WAITING FOR PRICE TO BREAKOUT OF THE WEDGE. WARNING: PRICE CAN GO ABOVE THE UPPER BOUND OF THE WEDGE AND CREATE ANOTHER PATTERN BUT THE SUPPORT LINE OF THE PATTERN WILL STILL REMAIN VALID. TARGETS BASED ON FIBONACCI CLUSTERS

zorrays Updated 

WAITING FOR A WELL RECOGNISABLE CONTINUATION PATTERN WITH AN IMPULSE BREAK TO CONFIRM THIS SELL OTHERWISE NOT ACTIVE AS OF YET. Bias: Short Targets: Based on Fibonacci and structure Confluences: Rising Wedge (Reversal) Double Top on daily resistance Overall downtrend On HTF - rejected with a bearish impulse from monthly resistance RSI...

zorrays Updated 

1, Gartley Pattern 2, D point on monthly support zone 3, Doji Candle Daily closure at D point 4, RSI Divergence (H4) 5, Falling Wedge (H4)

zorrays Updated 

1, Double Top 2, Recently bullish leg failed to break the highs 3, Price did not respect the bullish trendline that was potentially forming 4, RSI Divergence (7 + 14 day) 5, Target is based on Fibonacci Cluster + Previous Daily Support 6, Target is also D point of a Gartley Pattern

zorrays Updated 

1, Rejected from monthly support zone 2, Failed to break the lows 3, Formed Inverse H&S Pattern 4, Target is aligned with next monthly resistance

zorrays Updated 

1, HEAD AND SHOULDERS 2, WEDGE PATTERN 3, RSI 4, PRICE FAILED TO CREATE NEW HIGHS 5, TARGET FOR H&S IS ALSO MONTHLY SUPPORT 6, NECKLINE OF H&S IS ALSO A STRONG DAILY SUPPORT

zorrays Updated 

1, Broke lower highs 2, Impulsed off daily support 3, Impulsed of HTF Trend Line 4, Wedge pattern 5, Bullish RSI Divergence 6, Target based on Fibonacci ext., exps. and inv. are in monthly zone and completion of Inverse Head and Shoulder

zorrays Updated 

Short Bias Technical Strategy: Descending Triangle Target based on Fibonacci cluster + next monthly support region

zorrays

BIAS: Short term: Potentially Long or Short Long Term: Long Technical Strategy: Ascending Triangle

zorrays Updated 

Bias: Short Technical Strategy: Rising Wedge with a confluence of Head and Shoulders pattern Target: Fibonacci Clusters aligned with previous structure

zorrays Updated 

BIAS: SHORT TECHNICAL STRATEGY: ASCENDING CHANNEL - WAITING FOR BREAK AND CLOSE TARGETS ARE BASED ON FIBONACCI CLUSTER ALIGNED WITH PREVIOUS STRUCTURE

zorrays Updated 

Bias: Long Technical Strategy: Descending Wedge Pattern + Monthly Support Target: TP1: Base of Pattern TP2: Next resistance area + Fibonacci Cluster Commentary: AUD on it's way to a bullish run and CAD is on a decline.

zorrays Updated 

Bias: Short Technical strategy: Descending Triangle Target: Fibonacci cluster aligned with the previous structure Commentary: Descending triangle is always a bearish pattern, indicating a strong sell

zorrays Updated 

CURRENTLY IN CORRECTIVE PHASE FROM THAT BEARISH IMPULSE THERE IS ALSO RSI DIVERGENCE IDEALLY PRICE SHOULD CREATE NEXT IMPULSE ONCE IT BREAKS AND CLOSES BELOW THE TRENDLINE Target based on 1.618 on Fib Extension + previous structure

zorrays Updated 

Bias: Short Technical Strategy: 1, Wedge 2, RSI Divergence 3, Correction of the first bearish impulse of a larger wedge Target: 1, Base of pattern 2, Monthly support/base of larger wedge

zorrays Updated 

1, Falling Wedge 2, RSI Divergence 3, Monthly Support Level TARGETS BASED ON FIB CLUSTERED CONFLUENCE WITH PREVIOUS STRUCTURE

zorrays Updated 

1, Rising Wedge 2, Pattern in a pattern 3, Double Top 4, RSI Divergence