The DXY is currently undergoing the retest phase of the break out from the neckline. From here I am expecting price to decline further to the 96.00 level signalling weakness in the Dollar.
65+ pip move. Daily Higher Low target 61.8% retracement (decline before the rally).
Expecting a 50.00% daily retracement to the upside before the continuation of the overall decline.
Confluences - anticipating a decline from the 88.6% daily retracement level - 2H Double top formation - rejection of counter trend line - Retest of daily trend line breakout
butterfly pattern (Bearish) please leave constructive criticism if this doesn't seem right as I am still learning. any educational advice/links are welcome x
Bat pattern completion @ reversal zone. Im at work so can't chat nuff true am at work
Expecting a small retracement before the continuation of the current decline. Will be looking to buy in/around the D completion zone.
anticipating a retracement before continuation of the current decline
anticipating further decline after the 71.00% / 78.60 % rejection
Expecting a break of structure past the 137.900 (previous HH) level to the completion of the bat pattern at 138.600 which is within the 88.60% and 1.618% point of the D zone. From there I will be expecting a minor retracement (50.00% or 61.80%) to TP1 which is point B of the pattern, from there I will be looking for signs of a trend continuation to enter long...
Looking for a rally following the Break of structure on the 4H
I will be looking for shorts @ the 1306.000 zone, my TP will be 38.20% or 61.80% of the Daily retracement level (check previous post); from here I am expecting a continuation of the daily rally following the break of structure. There is also an inverse head and shoulder formation on the 4H TF which is added confluence for this trade idea. All feedback welcome x TMC
I am anticipating a break of structure of the daily (down)trend. I will be looking for shorts around the 1306.000 zone (which is also the D completion of the 2H bat pattern) before going short. My bias is that price will retrace to the daily 38.20% or 61.80% retracement level before continuing its new rally. Feedback welcome x TMC
This is a more in depth view of my previous post. CONFLUENCES: - D completion (1.618%) Is also the 2H Lower High point measuring a 61.80% Retracement (Note that this is also the third touch of the 2H trend line) - From the D completion of around 1.30940, i will be expecting a decline to 1.30300 which is also the right shoulder of the 4h inverse head and shoulder...
Anticipating a 200+ pip decline to the 1.28000 level and a break of the descending triangle.
Price has formed a descending triangle, if we get a breakout to the upside I will enter a long position upon the retest of the 1.31900 zone. Conversely, if we get a decline, I will go short upon the retest of the 1.30000 area. Burger or Fries? ...... I don't even mind - Always FLOW WITH THE MARKET :-) x