As our overall analysis on the Daily is a Head and Shoulders, thus the market is rejection the Major Resistance meaning a loss of momentum for buyers - We look for retraces to Sell and go long as it made a minor Head and Shoulders on 1HR - Patience as we wait for the drop
Recap from last week... - If you look at Daily , candlesticks have exhaustion area signaling the Market is not ready to reverse down quite yet - Its likely to Consolidate before breaking to continue to upside or break downward - One thing about GBPAUD and GBPNZD , when in consolidation, it likes to fake a break-out so be watchful - Its not advised to...
Recap on last weeks Analysis... - Reversal candle closed on Daily as expected - NEXT... We look to SELL on next LH or HH (100% retrace) on 4HR - As long as our MAJOR RESISTANCE doesn't break, we look for retrace>>(LH's)<< to SELL - Anything can change, but we have to keep in mind the Market will always repeat itself as it may respect the...
Daily TF closed with a reversal candle, we look for sell conformations on 4Hr then enter on Lower TF - Keep watch on candlestick analysis on 4Hr for more confirmations
Completed Head and shoulders, Unless we see a reversal on daily its a sell at this point - On the 1Hr we see a broken support retest as the market start to make LL's and LH's
The market is in an interesting area where it can either lose momentum or consolidate before going to the downside - Daily chart we see a form of Head and Shoulders [/b - Our analysis isn't complete until we wait for the daily candle to close - I will be updating with detailed Analysis
Slow moving market after the retrace but its back on track
Looking to go Long after a short retrace and rejection on 4HR
- Rejected on 4HR as we ride with the short retrace downward - Long on this position
More downward momentum as the EURUSD weakens Daily Head and Shoulders
Possible Symmetrical Triangle Forming. Patience as we wait for the breakout
- Market making Highs signaling an Upward continuation - Tested broken resistance with a Double Bottom - Looking to go short but Overall a Long position Disclaimer: ***This is not a signal, just an Analysis for educational purposes. Enter at your own discretion***
-After a broken Resistance, the Market came to Re-test with a double bottom which can signal a long or change of direction. -Waiting for confirmation on Daily for a Bullish candle to close, meaning buyers are in the market.