On my 8hr S/R We Have hit our exhausted trigger zone so we will catch the price as it breaks the 8hr inter candle low.
Will the AUD make it's losses back up for the day?
I now believe the eurusd bearish bias to be seriously over sold , The buyers look like that are starting to gain a control over further falling movements. A bullish engulifing candle is being created on the 1hr lets see how the candle closes
Pin bar price reversal. Following trend to downside. Move stop loss after each hourly candle.
Pin bar and then follow on price reversal. Following the trend. Move stop after each hourly candle.
After a section of market value I'm looking at a break of swing around 86.388 and continue towards the target down towards the 83.000 psychological level il be leaving the trade before 84.199 support.
Reached strong area of resistance, looks to be exhausted with a doji forming at the top of the uptrend. Showing signs of indecision, looking for the market to turn around.
Looking to short of of resistance. I would likely take half of the position off the table at the trend line and manage the remaining position behind the previous candle.
As a follow up the current 8hr candle is engulfing the price a good indication the bulls are ready to push up towards the 1.27500 hight point
Biased on my 8hr price action I'm looking at taking the Gbp/Usd Long from around 1.25500 wish level up till 8hr resistance around 1.26200 level in the resistance if any indescesion is formed will look to short from resistance area back down to 1.25000 psychological level.