Confluence: psychological level @ 2050.00, TL broken & retested, Targetting the OB @ 2075.00
A lot of confluence on this pair. 1. psychological level 1.2500 tested a lot 2. Fib PRL : 79% 3. Possible Head & Shoulder pattern - second shoulder forming
There's a shift in Market Structure (MS) and a trendline that was broken and retested. Fib Prz at 61.8% hence good confluence. R:R: 1:3
After the shift in market structure, still expecting price to push up and form a higher high. Possibly targeting 1.9250 key level
Could we possibly see GU dropping? Fib retracement at 50% + structure is being maintained.
Change of Character to the upside. I'm seeing some great momentum for buying opportunities. Fibonnanci retracement at 38.2% and stops just below that. R:R of 1:2 at least.
Potential buying opportunity. Confluence here: Break and retest of Trendline + Psychological key level + ChoCh
Level of resistance + Bearish Market Structure (MS) Short term because price recently touched the bullish order block (OB)
Seeing that Market structure is still bullish and we had a double bottom of some sort at the demand zone, we could potentially look for buys either when this happens 1. Trendline gets broken and retested since price is just above that area 2. Buy now and hold. will update!
Bearish structure is maintained and looking forward to a continuation downwards. Confluence there!
Bearish Market Structure + Resistance + Fib 38.2% = Confluence
Following the structure and the level it broke previously. It's been a while
Triple top at a psychological level + Fibonacci retracement level maintaining structure. The trend looks bearish from all the sentiment shown by the candlesticks from daily chart
Double top formation on daily, supported by the wedge pattern. Price broke out of the pattern and is retesting. After the retest completes im looking for possible sell opportunities
Rejectio off the strong monthly support key level followed by a 3 pin pattern
Can we possibly get to the monthly resistance level. I certainly think so.
Clear move following break of structure. this is what i am expecting
Double top at a key level hence i am expecting a drop to the downside. it could retest the double bottom neckline as well