Inverse H&S Pattern Fib %50 Good support zone (green rectangle) Left to right shoulder divergence Wait for a clear PA entry and we can jump in from the right shoulder, we can have a second entry after breakout of inverse H&S pattern or wait for the pullback. Possible Targets TP1 = 0% Fib TP2 = -0.2720% Fib TP3 = = 0.618% Fib Good R&R. Peace!
Hello, Just a quick technical update on T-P-G. T-P-G has seen a massive bull run off confirmation that they are in talks with Vodafone over a potential merger. Shares jumped 20% yesterday, followed by around 15% at the start of the morning today (23/08) then a reversal back to its original starting point of the day @ $7.75. As the price has reversed from a...
Multiple confluences in play, awaiting for a 38.2 bullish candlestick variation or a 61.8 bullish candlestick variation. WE ALSO Have a Psychological level at a major Quarter in play at 1321.00 at the 38.2 fib and 1319.00 at 61.8 we will wait till a candle stick variation happens at one of the major quarters and wait for a play at one of the Fibonacci PRZ. if we...
Last week closed with a 170 pip move to the upside Could that be the breakout?? Did not break out of the supply zone on the Daily TF Could potentially find resistance on Weekly Moving Average Will be monitoring Price Action the next couple days for more confirmation If we do not break supply zone next bearish target would be 1.62 Possible target to 1.61 to...
EURAUD has just formed an impulse down. Price should be forming a correction back up to the trendline. When price reaches there and we see clear sign of reversal I will look to take short positions. Good luck and safe trading.