Price has rejected from the highlighted area and breached then nearby support which has turned to resistance.Waiting for PA at the wider trendline.
approaching 3rd trendline touch on the hourly, PA has be to monitored closely...
trend line break, pa suggests price is ready to break and retest short term support.
Simple S&R, pinbar entry
Area highlighted zone is the ideal supply zone that has confluence with the 0.618 golden level but price may continue impulsive move further down depending on price action.
Price has worked its way through the descending channel that formed a htf bullish flag pattern, breakout and pullback occurred with execution possible on small time frames. Potential 200+ pip move to the upside.
Price has rejected off this consolidation area on htf 4 times now, waiting for a breach of near term support and pullback before shorting all the way down to the bottom of the consolidation.
trendline hovering, aggressive entry, focusing on PA S&R
price has broken long term resistance, stf analysis needed for execution, 200 pips in play...
simple trend analysis here.. break of the trendline and price may eventually make its way to the fib level on the 240 time frame
HTF trendline broken and price has retraced to nearby resistance, can you guess what will happen next? 1st tp will be at the golden fib retracement level.
consolidation structure has been broken and i'm expecting a push up to fill the wick...
in consolidation, 4th rejection from nearby resistance waiting for trendline break and price action.
long term support has been breached, should be melt now.
bouncing of trendline,hopefully 50 pip trajectory
fibs are not always accurate on stf but this setup is basically textbook, lets see how this goes.
3rd touch rejection from resistance level, looking for bearish leg down to the bottom of the triangle.