A possibility NFP might decide.
Been looking about for a sell but price have always been failing to close below trendline and support zone.
Now we have a rejection off trendline, bounce of support zone and a possible inverse H&S with price already at neckline.
Let's see ๐ค
Look closely what do you see?
Most time when thereโs an impulsive buy on JPY its followed by an immediate sell off.
Look at the arrows those are the resent time it happened the previous 2 lead to a sell of and same thing already happening now I'll be looking out for a sell.
@ChartGenius17@JCE_FX NFP could be the catalyst. It may provide the momentum for either a confirmed breakout above resistance or a rejection from the confluence zone. Either way, it's a level I'll be watching closely. ๐๐ข๏ธ
Let's take a look at Oil ๐ข๏ธ
Do well to go through the thread
Oil has been under heavy selling pressure. The geopolitical tension between Iran and the US triggered a sharp rally, but the move was quickly sold into, showing that bears are still in control for now.
@ChartGenius17@JCE_FX previous swing high around $86 per barrel down to the recent low, you'll notice that the bearish CLT and the minor resistance zone align with a key Fibonacci level. That confluence makes it a strong area for sellers to step back in and potentially drive price lower.
What's your take on Sol?
Price already broke Below CLT so I'll be keeping a closer look on this before shorting will keep you guys updated before I short this.
Gm guys ๐ฅ
GM guys ๐
Let's take a look at NAS100.
On the higher timeframes, price continues to print higher highs, which confirms that the overall market structure remains bullish. My long-term bias is still to the upside.
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If that plays out, we could see price revisit the bullish trendline for a potential third touch, where I'll be watching closely for bullish confirmation.
Patience is key. I'm waiting for price to come to me rather than chasing the market.
GM guys ๐
Let's take a look at NAS100.
On the higher timeframes, price continues to print higher highs, which confirms that the overall market structure remains bullish. My long-term bias is still to the upside.
However, before looking for buys, I'd like to see a pullback into my Point of Interest (POI).
From the weekly timeframe, price has formed what looks like a double topa pattern that often signals a short-term reversal or correction.