After seeing price reject 170.000 monthly area of institutional support we saw a sharp push to the upside on the weekly timeframe from last week and we could see the market push to the upside not that the 4hr broke area of structure resistance
After seeing the daily timeframe reject the moving average in addition to resistance at1.33125 and also a break of 4hr structure support and also trendline area of support, we could be expecting a push into new lows.
After seeing the previous day close and reject an area of resistance and a break below the trendline area of support on the lower timeframe, but with the daily still bearish the 4hr is pushing to the upside. A break of 4hr structure support could be a clear signal that sellers are now pushing price.
After seeing the previous weekly candle close bearish and the daily from Monday close below the low of the last bearish candle which is a sign of sellers strength, we could expect further sells to continue but a simple retracement on the 4hr back to an area of interest for a potential LH structure point before further sells
From the beginning of the week i have called out shorts on EJ into 170.000 in the video we can see price hit that support and hitting target for a few positions and entry i called out during the week and also some key points for your personal trading
After seeing the previous daily candle close bearish and the 4hr had a retrace back into the moving averages we could expect price to see further sell off into support
After seeing the daily still pushing to the downside and breaking below key support of 171.250 we could be looking out for a retest and continuation to the down side target of 170.000
After seeing the previous daily candle close as an engulfing and trading below the moving average we could be looking for further sell off but with the fundamentals coming out for the day we could see slowed movement till the news comes out
After seeing the previous daily close below the low of the weekly bullish support we could expect this pair to continue its move down following the 4hr structure now at a low point we could see a retracement into the Fibonacci area
After seeing the weekly close bullish we could expect the pair to continue the bullish leg this new week with the daily and 4hr trading in the same direction. An upside target of 175.000 could be the profit taking areas for the next leg to the upside
After seeing the weekly find support at the low of the previous bullish candle we could be looking for a push up on this pair but waiting to see how the pair trades for the London session today and if there will be a break of resistance on the 4hr timeframe
From the previous trading day we can see that the pair has been making random up and down movements without a clear direction and even though we rejected a key support area the higher timeframes like daily and weekly still show bearish sentiment right now the best move is to wait
After seeing that the previous daily candle could not trade below the moving averages and had a retracement to the upside it will be a good idea to wait and see how the pair trades before executing in a specific direction
After seeing the market react to key are of support yesterday and a retrace of a 100% on the Fibonacci seller are still in control of the market a break below support and retest for further sells could occur
After seeing the previous daily candle close bearish and close below the low of the previous bullish candle and also a break if the 4hr structure support, we could expect this pair to make a sell off to the downside
After seeing the previous daily candle close above key resistance of 172.500 ,we could see a retest of that support and a continuation to the upside
From the previous day we can see the market had a slight retrace and sold into key support area. will price break this area or not? we will have to wait to find out
After seeing the previous day close with bullish momentum we could expect continued push to the upside but since the 4hr is trading at a HH area a slight retrace could occur before the next bullish move to the upside