Market Structure is KEY Still maintaining Uptrend Anticipating new HH or atleast a double top Target @ 113.7
Waiting for a break of countertrendline before entering Target @ 1.66
Break of Monthly Consolidation Retested on Lower TF Bullish Engulfing Weekly Candle TP @ 0.85 Quarter Point Confluence w/ 38.2 FibLevel
With NFP giving the Euro a little more life against the dollar We can see a retracement to 1.1845 - 1.187 Previous Post is still valid Additionally we got a completion of a Bullish Bat Pattern If one does decided to take a Long Position based on this pattern I advise to take to 38.2 TP1 only Will be monitoring PA at 1.1845 - 1.187 for signs of a bearish...
W/ the Monthly candle closing bearish engulfing suggests we can anticipate a retracement of the rally the Euro has seen against the dollar On the Daily TF we can see the formation of a Head and Shoulders pattern beginning to form the right shoulder On the 8H TF we can see price has almost formed a Bullish bat as it gets closer to 88.6 Fib level Will be...
We have seen price exhaustion at 1.2 Possible pullback on higher TF Head and Shoulders formation Entries at 1.95 retest Closes gap Target 1 @ 1.1775 Target 2 @ 1.7
Gold has been on a strong bullish run for the past few weeks with a weakening usd. Price has almost hit the 2016 highs but has started to slow momentum on Friday after striking a resistance level around 1256. I will be using the ascending trend line and the two major zones to determine if the trend will continue for now or maybe we start to see USD retracement...
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Let's see if the messy setup pays off :D Like, comment and follow for more <3
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