Still bearish long term in the daily and on the 4 hour it’s testing multiple resistance not likely to be a break out with the bearish momentum on the daily
bounced of support at 22803 along with breaking the trend line TDMI is showing a bearish direction for the average movement in the 4 hour wait for the support to break before entry along with the 35 and the 25 average movement lines to cross this could be it folks! SELL LIMIT @22719.3 S/L 23692.9 T/P 20768.5 (use 2-3 percent risk)
wait for the TDI to Cross for trend continuation confirmation were looking for a pinbar candle on the 1 hour before we make entry
I expect eurusd to go pullback for a bit and then continue going bullish before a breakout crash happens which it will retest the previous low then upwards towards 1.14068
has been ranging for 2 weeks now likely to retest trendline and then plummeting again to key zone 0.65000 sell limit @0.68524 Stop loss:0.690009 R:R 8:32 Take Profit 0.65000
for those who followed my analysis and put a sell and a buy limit based on pivot points congrats! we can see it move more up until key resistance before overall having a correction downwards
after the latest price spike that breaks the 4 hour trendline, price seems to be consolidating in the daily timeframe with the next move up to conclude the formed triangle in the daily time frame and retest the resistance zone at 1.11777 buyers will look to execute their orders at 1.09940 clearly a buy zone. all of this concludes the higher highs and the higher...
after multiple price rejections its still holding steady we will see a small pullback to 140.000 where buyers tend to execute orders in that key level we still can see it break the 141.838 resistance zone later this month or even next week if the bottom (138.457) holds, patience is key; I do see the British election bringing the pound price up as the population...
after hitting the key price level at .67925 which was a buy zone and hitting the fib zone .5 and breaking out of the ascending triangle it is a sell signal to .66897 bottom which it can potentially break it and move downwards but keep in note of the weekly ascending triangle, its bullish in the weekly timeframe; if you still haven't got in I would sell on the...
audnzd is showing oversold in the daily and 4 hour a correction is due and many newbie traders don't know when to get in or when to get out. audnzd has touched the daily fib zone of .382 that with the oversold conditions brings a correction in sight. when to get in? when the daily candle closes above the .382 fib zone and when the 4 hour gets out of oversold...
strong support zone with key fib zone being touched we could see a correction shortly
audnzd is forming a potential double bottom and structure is ready for a bullish move
touched the upper trendline could drop and touch the bottom and a potential breakout with the descending triangle in the daily
now waiting for the daily candle to close above the resistance to confirm higher highs and a bullish move
major supply zone to drive the price downwards with oversold RSI in the 4 hour timeframe the bulls have run its course failing to break resistance and drive price forward; I'm still holding my buy limit at 1.30008 just in case news comes out that strengthens the pound but for right now it looks like the price will go down.
decending triangle strong support could retest a couple of times before breaking out