Confluences are on the chart. Confirmed downtrend with lower highs and lower lows Looking like its reversing into 5th wave MA crossover on 4hr TF Rejection of long term trend line with tweezers forming on the daily TF My tip is wait for the daily to close as a doji or spinning top. Stops above previous spike (122.090)
Opportunity for a long position on the EURUSD. See chart for confluences but listed below: Long term uptrend Loss off momentum around fib 0.5 (Currently looking for a higher low to form here) Daily candles - spinning top and hammer Stops below previous low. Target is monthly/yearly resistance @ 1.08600
Potential for a FTSE100 short position. All time high for this index with price resisting to break 7350.00 area in january 2017. Channel forming in 2017 with prices again trying to break the 7330 area. Number of spinning tops/doji candles on the 4 hour timeframe and ma looking to cross back hinting a reversal and price drop down to 2017 support @ 7100 region.
Potential short on the EUR JPY chart. Serious down trend which increased in steepness. The price has broken through the 2017 low at 120.50 and is heading to a previous low of around 118.7 We have had a retirement around fib 0.618 up to 0.786 and a recent retracement at 0.236. Looking for the downtrend to continue to 118.69