fibonacci confluence, lining up with previous structure resistance, possible ABCD pattern completion for targets, waiting for a double bottom on lower time frames and hopefully candle formations for entry reasons. 20 pip stop, 95 pip target. 1:4 1/2 risk reward. best of luck.
going to wait for a push up and double top into previous structure resistance and fibonacci confulence to take a short on UJ. looking for overbought conditions and possibly some bearish divergence if we do get this push up for more confirmation and will be targeting that swing low. 25 pip stop, 50 pip target. best of luck.
4HR break of structure to the downside making lower lows and highs and has pulled back into a previous resistance level and a 61.8 fibonacci level and formed a spinning top candle formation. Also some fib conlfuence from fib expansions and fib inversions a 1.272 and 1.618 level lining up. This could also be considered as a head and shoulders pattern. further more...
