Got majors confirmation,, EURNZD approaching 4hr trendline, could be a nice sell to psychological area of 1.68. 0.5% fibs located around current entry point of 1.6940 which could pose as possible rejection.
Retesting the neck line of this slanted H & S pattern now.
Not my favourable slant and the entry will be heavily dependant on the close of the current session candle but a nice level.
RSI is pushing over bought too.
Will be keeping an eye on this level this morning.
Good luck in the markets.
I can see CHF taking the lead shortly with this one, although it has broken the downtrend resistance, I feel it's still being quite sluggish moving upwards. I would wait until the next drop to see how strong it is before shorting it. The possible reason for CHF weakening could be due to ongoing BREXIT talks. I would monitor this one very carefully ...
Using ICT Concpets, it’s led me to believe EU has a potential rally down, it took out a double top, an area of Liquidity where Smart Money can sell, its retested a breaker used to mitigate orders, so now overall bias is to short EU to the double bottom, another HTF level of Liquidity, maybe EU will reach for the range Low
JMAT is currently in a tight consolidation ranging from 2894 - 2983, I am expecting this to continue for a few days and then for the price to break resistance @2983.
My game plan would be the following:
Looks to me like a big triangle, I think I've mentioned before. I'm leaning bullish, looks like a small descending wedge which could kick start us on the way to test the top. Once there would need to reassess to see if there's a chance it being broken for a nice bullish move which might bring back some volume to the market.
If it breaks down I'd expect us to test ...
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.6430 would begin in Midterm.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 0.6580 on 01/03/2019, so more gains to resistance(s) 0.6860, 0.6970, 0.7025 ...