Main trend is down and a false breakout occurred inside price action resistance zone + top of channel + fibonacci confluence + reversal pattern .
Therfore it looks reasonable to me that price is heading to 0.75 zone.
The zones are marked on the chart.
Best of luck :-)
Audusd is stalling after retraced to FIB zone and PA support of longer term up move, Might be a big h&s is forming.
Also from lower perspective we can see fib and pa suupport.
Best of Luck :-)
USD JPY = On 4 hour chart we will see a important support on 111.900. If we look at the past of the price, this level made many confluence points. Also we have a cluster matching the 0.382 fibo retracement and 161.8 fibo extension on down movement as we see on the chart. I think this level is very important to pay attention.
Perfect Bat pattern has formed on the 4HR time frame for USDCAD, analysis lines up perfectly with my adjusted EURCAD short which is currently up 40+ pips
Tight PRZ for this trade, expect volatile moves with the news today.
Hello Traders,
After being involved in a nice shorting opportunity on FX:EURJPY , there are key signs of bullish reversal emerging on the 4 hour chart. The first sign is the harmonic AB=CD move completing right at the potential reversal zone (PRZ) , with several Fibonacci extension and retracement levels (Fibonacci Cluster Zone). Next sign of bullish...
