Wait until this pair reaches the levels indicated Wait for the price to actually break out to the upside before any buys (on lower time frame) e.g. like a double bottom ABC correction Harmonic Uptrend on daily
Obvious uptrend, higher highs/ higher lows. Structure was respected and ABCD retracement bounced perfectly from the harmonic shown Broke out of the previous (short term ) down trend. Restoration of Uptrend is on hands Entry around this area is ideal - especially due to the consolidation (flag) Next wave should be very sharp
* Historically Price has ranged from 587 to 408 pips.. * Previous bounce has been from .618 fib to .786 * which suggests that next bounce we can expect to be between those numbers.. * The Harmonic is a key area where produce may bounce and where we should look for an entry * This will then make the proceeding Higher Low to respect the current structure of the...
Monitor for break out of the current down trend It is a channel so technically we should expect another bounce to the upside Beware because interest rates are being raised, this makes dollar bullish, however temporary... Only enter after clear break out of structure.
Pair looks like it will continue this break out to the levels indicated.
Mixed signals from the dollar so far, however, if the level indicated is broken, that would indicate that next target would be the top of the structure as shown Only after break of the current resistant level will suggest any sort of buy, until then just monitor what this pair does.
I am expecting Dollar to be bearish this week given how most xxxusd and usdxxx are setting up.. Proof is in the pudding, so we will wait and see what the market does before entering any trades. Look on my profile for a link to my own channel for more trades :)
Looks like a good idea to short after break of key structure there, will be monitoring DXY to make a decision when to hit this
DXY looking to go down soon Which means au will be bullish Structure suggests that price will go up from here 3 Tp's given , i take partials on each of those and try to maximum the risk to reward by going for Tp 3 ;)
Beautiful set up, lots of confirmations
DXY looking like it will go down EU structure looking bullish, buying right now ;P (25 pip sl)
Around the area indicated, great area to buy.
Wait for the retrace on .382 and enter it. Great risk to reward ratio
Pretty good set up, look for entries on smaller time frame during sydney :)
Monitor for entries on this around the asian session ;)
At the retrace this is a great opportunity with big risk to rewards.. Pretty confident in this one
;) good set up also, look out for the break and retest on a smaller time frame