Long for a short position on pound kiwi with rejection of 4hr 71-78 fib region as-well as 4hr confluences such head and shoulders , 4step rejection, psych level rejection.
We looking to see a potential short break out of the equilibrium we have been in, 1.12650 is our imidiate support level. We looking for momentum indication through This support for a 140ish pip move to downside target around 1.1125. Weekly Is forming a very nice bearish picture along with some bullish exchange of momentum In the greenback. We have the...
After a long 5 days within the consolidation range of 1.8220 and 0.8125 we saw a leg up to the 1.8350 region. Now breaking 1.8350 we showing our first signs of upside momentum potential with a HL and HH forming. Will look for all the signs of confirmation before going long from this level.
We saw the 4hr bearish structure break along with our accumulation phase get broken, last week we had our first bullish daily closure. We saw our momentum indication at the close of last week, so order was executed on the bullish engulfing at the 1.81850 key level on the breakout of the accumulation.
Seeing a potential euro long to continue the bulls, should we get a step 3 closure we can place our order at the key pice.
Already have entered this short off of the last 4h candle, this is also a scale in entry off of the last gbpaud setup which is still valid.