The EURNOK is approaching a huge resistance area. Price hasn't broken this area since this time last year. I will definitely be watching this for either a long or short. Waiting for price action to confirm!
Waiting for a close of this bar If it closes as a pin bar I am 99% I will open a long position
Keeping an eye on this strong support area on AUDCAD We could have a breakdown of this area or a bounce upwards. I'm looking for price action to confirm the direction of the market. If we can get a strong close below the 0.94350 area (a BEOB) I would hold a bearish bias; if we were to see a pin bar or BUOB I would hold a bullish bias.
- Nice, accurate trend line breakdown - Localisation before the breakdown - Nice minor S/R at the 84.000 area - BEOB on 4hr chart
Price has been bouncing off the 0.9880 area for the last couple of weeks now. Finally, it has broken through. Also present is some divergence which can be seen using the MACD indicator and also the "rounding" of price. I have entered at the 0.9888 and am looking for a nice move downwards. My stop loss is just above the previous S/R area. If price pushes above...
Looking at the 4hr XAU/USD chart, I saw a nice bearish outside bar (BEOB) right at the longer term descending trend line. We had a small false breakout and a strong close below. To me, this indicates a move lower with the overall trend. I entered on a retrace to around the 50% Fibonacci retrace which is something I don't usually incorporate. I'm hoping we break...
We have some support and resistance leading into the trend line. Price confirmed the trend line with a couple of days of consolidation around the 1.135 level. Now that we have a breakdown, ill look for a retracement to around the 1.134 area for a short entry. Any thoughts would be appreciated :)
We are in a downtrend on this pair so I will be taking profit fairly fast. I'll be looking at the 130 area as the 365EMA is also there to act as resistance. I will enter on the retrace of the pin bar. Triple bottom at the 127.000 Zone Pin bar confirming trade
Price broke the big round number and immediately pulled back into that 3.0500 zone. I have entered on a retrace to the 3.0500 with my stop just above the new highs - Big round number 3.05000 acting as resistance - Previous highs adding to resistance - Price is rounding off - Upper trend line to act as resistance
Potential short developing on the USDTRY - Waiting for price action to confirm trade - Big round number 3.05000 acting as resistance - Previous highs adding to resistance - Price is rounding off and is also displaying divergence on MACD - Upper trend line to act as resistance
Hourly short on the USDTRY - Looking for some price action like a Bearish outside bar, double high lower close or a pin bar. p.s the red dotted line is my alert to notify me when price is nearing this area. - We have the big round number of 3.0500 - Strong resistance from previous two highs - Price is rounding off signalling an overbought market which is also...
- Multiple Fib Levels - Trend Line - Minor S/R - Weekly Pivot Point (S2)
- Multiple Fibs - Trend Line - Weekly Pivot Point (S2) - S/R zone
Usd/Chf short on daily. - Trend line - 2 fib retrac - 300SMA - 365 ema just above - Minor S/R Level & PPZ
My predictions for the pound nzd, based on support/ resistance levels and a few Fibonacci levels. Any feedback would be appreciated as I'm new to trading
Took a short on the USDJPY, we had a false breakout of the trend line, a 50% fib retracement and also a BEOB. I entered on a retracement of the BEOB (low of previous candle May 5). Any thoughts on this would be appreciated