Entered due to break of daily trendline and rest of daily trend line and H4 trendline. Respecting h4 61.8 fib and previous broken structure. Target is 113.000 as daily support lies there. Could go deeper to retest the outer daily trendline.
EURUSD has broken out a 4 hourly descending trendline with a retest and rejection of the trendline, 50 ema and 38.2% hourly bullish fib.
Targets are the duplication of the of the AB=CD leg
Nice little head and shoulders forming on AUDUSD on the hourly time frame. AUDUSD is looking for a retracement after it's continuous bearish run. Price has reached a daily support and is currently forming a head and shoulders formation. If we can break the previous hourly highs then i could see price rally up to 0.67750. Intraday targets are the 61.8% extension ...
USDCAD has seemed to of reached a nice rejection area off previous resistance and descending as well as the 78.6% lying along that area. Price has retraced to the completion of the first retracement leg to the exact pip and duration day, signalling that the current retracement leg has now completed and is ready for the extension leg. Once we have rejection from...
Moving down to a daily time frame. We can see on a smaller time frame that EURUSD is still in a downtrend. Price is currently retesting the daily 50 ema. I am looking for the touch of the descending trend line for a third tap with the retest of the 61.8% bearish fib. Ideally looking for Price to create a double bottom at 1.10000 with rejections to confirm the end...
After having a break out of the wedge formation and retesting it we have had a retest of the weekly 61.8% along with weekly support. Two take profits are the duplication of the weekly fib impulse leg and wedge open duplication with the main take profit of the harmonic bat pattern
Price is currently retesting broken support turned to Resistance with multiple rejections of this area (1.71846) on the hourly time frame. 61.8% is also acting as resistance around this area. I'm giving this trade a fairly big stop loss in case price wants to go higher due to a descending trend line, 78.6% and the 1.72000 area acting as an area of interest for...
As posted previously for the USDCAD analysis. we have had a break of hourly structure with a new LL made. Price is currently retesting and rejecting previous structure with the hourly 38.2% bearish fib acting as resistance. Targets are still the Cypher C-D leg completion.
