Await clear rejections from psych level 1.236 before further decline
Await for rejections from 61.8 before entering Higher time frames indicate a further melt south expecting a retest of 61.8 perhaps 150 levels - Consolidate then melt
Currently rejected psych level of 0.765 twice creating a double bottom on the 4hr Price could extend to create new LH & beyond
Wait for retest of resistance before entering
Wait for a double top at resistance / psych level shorts with small stop and tp at previous structure res
Small retracement to 38.2 expected if close below this level expect a retracement to 61.8 before ascension perhaps later on in the week
DXY Looking very bullish and may have found its bottom and ready to recover
Retest of around 82.50 before a downside target of 80.5 - 80. March closing as huge spinning top with shooting star characteristics - retracement expected before further downside and potential new lows
Potential for a H&S Pattern on the 4hr with expected rejections from 1.23 which would initiate longs to 38.2/50% (80 PIP TP) With price entering this zone rejections expected for a decline to the downside fulfilling bearish fib to -27
Retracement to 38.2 expected also prior res area when entered this zone shorts expected
NEW HL achieved HH expected great R:R Currently sat on key level of support
H&S pattern forming. If rejected from this TL expect GJ to ascend 149-149.4 area before a choppy decline over 500 pips to be caught if this plays out
Monthly features consecutive spikes at 150 zone - However wiped out previous lows Reversal?
Potential for a pullback for a far better entry and then a minimum of a 200 drop pending
Can the bulls sustain control with the recent aggressive market correction? 2 potentials for EURNZD