reaganbwire00

reaganbwire00

Bearish PA based of pure market structure,,,looking into weekly time frame we can see bearish stance still in action in addition based of FOMC meeting held on Thursday Jerome stated that the US economy is doing better which may lead to next week Cpi data boosting more demand in the dollar chain

reaganbwire00

The price has reacted well within the extreme discounted zone between the 0.62 and 0.70 Fibonacci levels. This has led to a clear breakout above the descending channel, potentially indicating a bullish presence in the market. However, while a bullish outlook is plausible, we must remain open to the possibility of selling opportunities, albeit with more...

reaganbwire00

am bullish on EU once we are able to breached that bearish corrective channel we can get some long trades if we fail we have an extreme demand zone at around 0.62 fibonacci level at a good discounted price

reaganbwire00

as we can see price is massively bullish in 4h and major area where price could break and form resistance has been supported by bulls rallying price higher ,,,my take on this is we may see 2700 being tested and right above that point we have a high which may be taken out

reaganbwire00

we saw the dxy gaining strength and now price is retracing back to our supply zone in this AUDUSD i believe we will see lower prices

reaganbwire00

I'll be looking to go long from this zone with a solid confirmation We will only react to price

reaganbwire00

in the weekly and daily tf we are bullish on this pair and in 4hr tf we can see a potential clear demand where we can easily go long from however anything might happen i suggest we stay put and react only to price

reaganbwire00

my idea is in the daily and weekly tf we are still bullish and went down to daily tf and identified those equal highs which act as a draw of liquidity

reaganbwire00

am expecting to see a reaction at those fib levels before looking for entry

reaganbwire00

am expecting price to tag 0.62 fib level then i can start looking for sells on dollar pairs and buys on quoted ones

reaganbwire00

we see a bearish continuation and i thought it would be nice if we can catch the next bearish impuls down

reaganbwire00

I'll be looking to look for shorts coming into next week

reaganbwire00

Am looking to short GU as we made a bearish impulse and now price retraced back to premium supply zone which looks like a good zone to short to catch the next bearish leg down

reaganbwire00

We broke a major structure alongside a resistance trend expecting more upside