market structure + trend-lines + fib levels = Simple Analysis
First target (149.200) is important level as its a level where price hasn't been able to break on the Daily Timeframe.
I was able to identify trend on the daily timeframe (uptrend) and would use H4 or H1 timeframe for entries.
Would look for retracements at fib levels or previous high/lows, this case...
NZDCHF (H4): On the H4 TF price formed a Bearish Head & Shoulder’s pattern, this resulted in price falling to my 0.67670 which was also a retouch of the trend-line drawn on the H4 TF. After this retouch price gained bullish momentum, I expect price to retest the neckline of the Head & Shoulder’s (0.68530) before continuation of bearish movement. Daily analysis...
Directional Bias For EURCHF Is Long.
Before entering the trade I would wait for break re-test of downtrend and a strong Bullish candlestick close (Daily)
However price could kiss trend-line and and carry on falling, but due to bullish momentum i believe this is the start of
a upwards trend.
Directional Bias: Short
Scenario 1: Identified symmetrical triangle,
price has retested the upper level 3x which
shows the validity of the level and that price will fall
Scenario 2: Price has been forming HH & HL which indicates a uptrend.
Price has broken resistance turned support, expecting price to retest support
Directional Bias: Short
Reason: Price has hit daily resistance (retested resistance)
Reason 2: Price crossed trend-line and retested trend-line
showing the validity of the trend-line.
Reason 3: Moving Average crossed with price this in-dictate's
Target: Daily support zone which is 98.81 region
This indicates that all Pair's XXXUSD...
Scenario 1: Price is retesting previous daily high.
If price was to break this level I would target the
previous high 0.69200.
Scenario 2: Price is currently a daily high, which
is also a resistance level. Price could reverse at this level,
if this does happen I would target 0.66174 and 0.65028 level.
Price is has wicked weekly resistance,
has resulted in price to fall.Currently
I'm looking for a short entry on the 4 hour
chart, confluence's i'm looking for are a
cross of moving average and a break of
trend-line. I would also wait for a rest
of the area which was broken
Price Currently at 108.357, which is daily support level.
Price has held at this level for the past 3 days and would expect a push
up towards 111.708, which is daily resistance.
Anticipating a drop to the 104.700 region. however
would observe once price drops back to support!!!