Waiting for price to break 115.08 level to see a continuation of the down trend to the next weekly support, sentiment in confluence with candle stick pattern from multi time frames and new lower lows being formed on a daily with a descending triangle also forming. Enter 115.08 Stop 115.26 (-18 pips) TP 114.34 (+74 Pips)
Price trading below resistance, a open below it could see a drop back down with the right liquidity during US opening.
Price trading below daily resistance, if we see a close below should be anticipating a short trend.
Price trading right above daily support, anticipating a up trend if 4hr candle closes above.
Price trading right below weekly resistance, if we fail to see a break of a 4hour candle above 114.859, we could be anticipating a bearish movement.
Price trading below weekly resistance, if it fails to open above we could be looking at a bearish trend before a rise to monthly resistance at a later stage.
Daily candle failed to open above 114.80, anticipating a reversal if price continues to open below that level.
Price trading below weekly resistance, looking for a open below 1.73711 for a bearish sentiment.
- Price trading above weekly support - consolidation within monthly s&r - bullish sentiment
Previously shorted this market on the resistance level, attempting to ride it back up to 0.75225.
Price trading below hourly resistance, if we see a open below 0.7524 , anticipating a bearish move.
Price trading below daily resistance, latest hourly candle opened below 0.7048 level. Anticipating down trend.
Price trading below resistance, anticipating a downtrend.
- PRICE TRADING ON SUPPORT, POTENTIAL UP TREND - IF NEXT RESISTANCE IS BROKEN, COULD SEEN A RALLY TO 112.64 (1ST TARGET) , IF BROKEN 113.26 NEXT POSSIBLE TARGET.
DAILY RESISTANCE, COULD SEE BREAK OF THE RESISTANCE JUST TO WIPE OUT STOPS, IF NOT SHOULD BE A CLEAN RIDE BACK DOWN TO RECENT SUPPORT.
Wave 1- ~270-312 Wave 2- 311-289 Wave 3- 293- 360 Wave 4 (perpendicular to first wave)- 359- 327 Wave 5- 318-333
REASON FOR BIAS - BEARISH CYPHER PATTERN - PRICE TRADING BELOW DIAGONAL RESISTANCE - DESCENDING TRIANGLE - PRICE TESTED BUT DID NOT BREAK DAILY RESISTANCE STOP @0.9480 ENTRY @0.940
REASON FOR BIAS ;- WEDGE FORMED AFTER BEARISH TREND PRICE IS TRADING BELOW DAILY RESISTANCE STOP - 1.1180