a momentum following setup with the TL, 382 fib & previous highs supporting it. looking for price to hit next major high.
descending channel, looking to catch the 3rd drive when pulls back up to the red box (0.5 - 0.618)
- rejecting the weekly 0.5 fib level. - H4 head & shoulder pattern. - breakout of ascending trend line. Entry on right shoulder ( red box = 0.5 - 0.618 fib). Looking to catch the 2nd & 3rd wave.
up coming 5th touch of the descending trend line and looking like a right shoulder of a H&S pattern, could be a potential short opportunity. on the other hand 5th touch is most likely for a breakout so waiting for more confluences on the lower time frames
head n shoulder pattern which broken and now predicting the pull back is over and looking to short it back down to the previous lows, its rejected the .5 fib on the daily also creating a rising flag (bearish pattern) which was also the third touch of a descending trend line, green box is the .5 - .618 fib zone from the overall bullish move want to see price come...
h4 inverted head & shoulders, broken and retested a descending trend line also 3rd touch of a ascending trend line and rejected the 0.50 fib zone. same setup to cad/jpy
h4 inverted head & shoulders, broken and retested a descending trend line also 3rd touch of a ascending trend line and rejected the 0.50 fib zone.
overall descending channel, broken and retest a key level .046 area, also rejected the 0.50 fib, h4 close on a engulfing.
price broken a descending trend line and created a double bottom, entry on the retest of the neckline of the double bottom and just above the 0.50 fib
price currently rejected the 0.50 fib, broken out of descending trend line, currently looking for a retracement of the 0.50 as well as the bottom ascending channel
over all bearish momentum, h1 double bottom and retest also tapped the underside of ema aswell as 0.5 fib
overall price looking to turn into a bullish market, created a inverted head & shoulder pattern currently pullback back to the previous low also testing the 0.618.
h4 strong head & shoulders pattern, price is failing to make higher highs also formed two h4 doji bars.
short opportunity on nzd/chf based of a h4 head & shoulders pattern on a previous key level
weekly rejection of a trend line, created a h4 inverted head & shoulders now price in creating a double bottom on the 0.618 fib.
general bearish momentum, rejected a weekly tl, h4 falling flag with a wedge inside looking for a break to the down side