Similar to EU, GBPUSD respected the 88 fib level, is currently respecting the 79 level as well, and price has been coming down from a rejection of resistance level. Not only did price made a previous double top at this level on the weekly, but from the monthly time frame, we can see price has been cascading and never once came close to retesting that point of...
EURUSD impulsively made a move up, rejecting off of a strong zone of resistance. Now it's selling to create a higher low, perfect time to monitor candlestick patterns and practice patience for the 50% or more pull back. Ideally this would occur and form a morning star indicating bullish pressure. Other patterns include but are not limited to bullish engulfing,...
XAUUSD recently pushed up on impulse to retest previous all time highs wick. Now, price has pushed down a bit, created a lower low off the 618 fib level, and the market structure demonstrates a downtrend. Price also made a double bottom to be at this point so potential trap W to induce people to buy just to flip the script on them and sell this mf. Price created...
EURNZD has recently come down from a big impulse to the upside. Not only did this create a massive wick to the top but it also was retesting previous double and triple bottoms. These details confirm the zones and liquidity levels that price is bouncing off of. RIght now price is showing us higher highs and higher lows on the smaller time frames, 4hr and 1hr. A buy...
We witnessed bitcoin and other crypto currencies reach all time highs a couple weeks ago, since then price has come down to retest previous imbalances in the market; the bullish trend broke previous highs that needed to be retested. Currently, price is rejecting to make lower lows and price action demonstrates wick exhaustion on higher time frames. July just began...
