I see a potential fakeout to the downside spike below or at the 35000 level hitting that major level of demand and key area on 4h then upside after price action rejection!
Price has been consolidating so once it breaks one way it could move well.
Nice move overnight, looking to ride the bearish push further to downside. Waiting for good rejection of higher price and will be shorting after NY opens up in a bit here. Looking like risk off vibes today gbpjpy fell hard overnight as well. USD pair longs today risky fx shorts, that is unless something changes it!
MKT structure very bearish as of now in...
Waiting for some rejection on this level and then taking longs, unless it totally breaks support and doesn't reject, then will wait for retest and short as long as it isnt too late in session
bears are in control but fakeout could have bulls take over
I am long right now at 1.3485 second target is top of the range, if we get there maybe sells tooo??
Would be third touch trend line on key level, with good price action and still time in NY left could be nice, I will be watching
The alternate scenario we come back down to support area and bounce again, in that case I would be waiting for buys, but probably won't happen
Just waiting for rejection of this first level after NY opens, obvious bear trend, we are around Daily key level right now so it isnt guaranteed.
Hopefully can pick a good entry
maybe some deep fib rejection to add confluence
Not totally sure where we go from here, but I am guessing a test of this level and short
after & if price action confirms then id be going short from the 3735 ish level
but, it could bust that level like it doesn't exist, 4h and 1h make it a possibility.
We will see
Im betting it will come down to 3738 level and make a triple bottom, fake break the triangle and shoot up afterwards
after price action rejects and confirms then longs away
Sellers cant seem to break this level and not much momentum anymore to do so, unless we get some major news release
not taking anything if price action doesn't look good, choppy today so far
Im waiting for some shorts here if we see good price action
Good rejection and engulfing then id be into shorts from supply zone
wouldnt enter until price has come above and rejected 133.00
Very very strong move down, entered on FTR 15m after the broken daily level
Second target is the fib extension, could retrace and test the broken level therefore more entries
simple sell low and buy back lower
EU has rejected a major zone for the second time. We should see about 15pips to the downside to retest a lower zone, it is here where we wait and watch price action. If we can have confirmation in either a Pinbar, Bullish Harami, or Engulfing, expect this bad boy to take off to the moon, or at least our atmosphere ;) However, if we break through the lower zone,...
The mentioned price move happened to the down side, next zone holds atm, I think we could still go lower... watching this zone for a clear trading signal
