New month new candle close on the Higher timeframe. AUDUSD closed and rejected my Monthly key level. This along with the continued Higher high closes and continuing to respect the ascending tend line makes me think we could see a retest of the 0.8100 level. We also have had a rising 3 candle formation on the last 3 months (I think that s the name of the...
I don't trade Bitcoin but thought it was worth a look to get my head around the price action. Bitcoin has been in a very very Bullish uptrend. We have had a ABCD complete on the Daily. Price has respected the ascending trend line, we have come to a monthly High, tested and rejected creating a Double top. There are 3 possibilities: i) Price comes down,...
We have a few bearish signs on the DXY which lends its hand to my bullish outlook on the GBPUSD most obviously is the shooting star on the Daily rejection the Daily key level, we also have a 618 fib lining up with another key level at the 94.00 level
We have been respecting the Monthly Trend line. we have a very bullish flag forming, lots of rejection of price at the 618 fib area on the daily. The 1.34500 will be the first level that we we may see some rejection
We Have tweezer tops at the daily level, we have come back up and rejected the Monthly Key level which also lines up with the 618 fib. Would like to see a close below the ascending CTL and the a retest to confirm the bearish move. the target would be the 144.171 level
Here are my Thoughts for the coming weeks. Lots of good Fibonacci confluence, to many levels lining up to be ignored imo. So to start we have some basic patterns forming Bullish Flag, we have had out impulse leg up and come back to the 382 retracement which lines up with previous structure resistance which could turn support. The flag could do a, a,b,c,d...
With the EURUSD we saw last week a break below a previous key level on the monthly. The pair has since come back up and found some resistance with this level. We have what looks like a bearish flag forming. We have had a 382 retracement, looking at the fib extension and fib inversion we see the 1.27 and 1.618 line up with an area of monthly support. I feel we...
Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance. We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up. We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all...
Firstly Happy Christmas where ever you are hope you are with loved ones and having a merry time. As all the Excitement is over now a bit of time to do some Tekkers. So one of my Goals for the coming year is to really get my tekkers on point and be a lot more methodical in my approach. We have seen this pair in a very bearish trend for the last few months....