R:R 1:2.94 Break/retest of trend line 50% fib Retest of broken support levels
Weekly hammer rejection of 1.3250 Over extended bearish run 1hr HH+HL 61.8% fib rejection Morning star reversal pattern R:R 1:3.34
LONG 2hr fib Price respecting ascending trend line 61.8% fibonacci level lining up with prior lows which has since acted as a resistance for the pair. We have broken this resistance and are now testing it as support. This area is also in alignment with our daily 8EMA.
Very bearish monthly close Sell limit at 61.8% fib (in alignment with Daily 8EMA) R:R 1:5.38 Target 1 - 128.65 Target 2 - 128.00
Evening star rejection of 61.8% fib and prior support 3rd touch of descending trend line 4hr bearish engulfing
NZDUSD long hammer 4hr candle off support Expecting a new lower high to be made
Daily printed bullish engulfing - higher low 2hr 61.8% fib rejection hammer candle R:R 1:7.3
USDCHF SHORT DAILY in a descending parallel channel Daily lower high confirmed I now expect a new daily lower low 2hr pullback and close below 8EMA R:R 1:6.97
4th trend line bounce 61.8% fib rejection Rejection of resistance R:R 1:7
61.8% fib level Prior support = anticipated resistance Break of trend line
4hr break of trend line Waiting for a retest which is in confluence with 1.7250 Weekly Support and 61.8% intraday fibonacci Target fib confluence with 1.7500
WE ARE EXPERIENCING DOLLAR WEAKNESS ACROSS THE BOARD I EXPECT A 3RD TREND LINE BOUNCE BEFORE GOING HIGHER THIS IS IN CONFLUENCE WITH THE 61.8% FIBONACCI AND 0.7750 WHICH IS A HEAVILY SUPPORTED REGION R:R 1:5.74 TARGET 1 FIB D1