Koyejo

Koyejo

With this pair currently at monthly support, there is a good opportunity to capitalize on the possibility of the pair rejecting this support. Also, the pair being at weekly support provides further confluence for the rejection of monthly support. If the market provides a daily close above daily resistance, then the re-test of that structure would present a good...

Koyejo

With the possibility of creating a lower low (or at least an equal low) on the weekly time frame; I would wait for a daily close below daily support and look for entry on retest of level

Koyejo

With the possibility of creating, at least, an equal high on the weekly time frame, this pair presents a good swing trade opportunity. On the daily time frame, the pair is on a re-test of an important structure level. If the pair rejects this support level, then there is a high probability of the pair rallying from support. Additionally, an inverted H&S is forming...

Koyejo

A daily break and close above, then retest of structure would present a good opportunity to capitalise on the possibility of creating a higher high on the weekly time frame; targetting the 127.2% fib extension of the weekly retracement!

Koyejo

Potential H&S forming on daily time frame. The completion of the pattern presents the possibility of the pair creating a lower low on the weekly time frame to reach, at least, the 127.2% fib extension of rally on weekly time frame.

Koyejo

From a monthly PoV, pair has retraced to around the 61.8% fib level, which lines up with previous market structure (i.e resistance). If this level will hold as support, then it could be the point where retracement end. Target is gotten from the weekly chart at the previous weekly support; further conflunce for target is that it lines up with the 38.2% fib level...

Koyejo

With the possibility of completing the daily inverted H&S, a daily close above structure may be a confirmation and signal to start looking for entries

Koyejo

The next move on this pair may be determined by whether we get a daily close below or above range.

Koyejo

Possibility of how an entry into trade could play out

Koyejo

Pair is around both monthly and weekly resistance; and is now forming a buildup. A retracement to previous resistance (that should now act as support) may be a good shorting opportunity. However, a break below and retest of daily support is needed before any kind of trade can be planned

Koyejo

After a huge impulse down on the monthly chart, pair began retracement (which has now gotten to and rejected the 78.6% Fib level). On weekly time frame, pair is currently around previous weekly support. If pair should respect and reject level then it could signal the end of retracement. I would be watching pair on daily time frame, for break below daily support...

Koyejo Updated 

Caught sight of what could possibly be a butterfly harmonic price pattern. Price appears to be on final leg to complete pattern; would take a while to complete though. Worth the wait? Try to draw out pattern to confirm for personal confirmation. Best Wishes!!!