Market broke the uptrend signaling a reversal in the trend. We got an entry with the fib (61.80%) at the 1H key level where candles also touched the QP (1.41250) . SL at break even after it hits 1.4118 and let the trade run to the overall target 1.40852
As price is going in a clear uptrend. This pair gave an entry with the 4H fib touching the 1H key level and QuarterPoint (154.250). Right now we have 4 confluences in total. We expect the market to continue its trend. SL to break even after it reaches 25 pips.
The market broke the uptrend structure making a lower low and continue going bearish. It broke the 4 H support level and then came back up for a retest where support level now turns into resistence, giving an entry with the fib and and also touching the QP 1.20750 (Psychological key level). Overall target will be 1.20100 but stops to break even after hitting TP 1...
It broke the 1H key level and came back for a retest giving us an entry with the fib , the candles touched the resistance level and the Quarter Point (154.000) which is also a psychological level.
market is in strong bullish trend. it finally finished consolidating, breaking the 1h level then came back down retesting it and giving us an entry with the fibb at the 1H level, also touching the QP 154.000 . so far we have about 4 confluences including the obvious bullish trend.
Market rejected the 4H key level then came back up to the 1H key level + quarter point , rejecting also the trendline and giving us an entry with a fib.
More then 3 confluences show that this pair will go bearish. 4H key level + trendline + momentum candles to the down side. Waiting for candle forms to provide us with a fib entry to the 1H level + in correlation with QP
