In this pair we can see a major resistance zone and a minor one and a pullback with a XABCD previous Harmonic Pattern .This would be a good short sell trade if anyone is interested.Just an analysis. NOTE :- I am not a pro trader,still a learner.Feel free to show my mistakes and help me to learn. Thanks.
112.18 resistance holds, further decline to 109.83 possible. Firm break below 109.83 = target 108.81 Firm break below 108.81 = target 106.48 * * Firm break above 112.18 will place focus upward to 114.49 resistance. Personal analysis only. Please use your own rules & strategies prior to entering market.
4H R1 1.6673 R2 1.6818 R3 1.6902 S1 1.6444 S2 1.6360 S3 1.6215
Brent at moment looking like bullish correction with small rising. I'm not going to trade this. Looking to sell a minor rally up near 49$ Just waiting for price to trade up to resistance in the Sell Zone. If the market retest the resistance zone we can enter a Short trade setup. Have a good trading week!
Bar 2 and 3 are inside Bar 4 Fakey Signal Pin Bar on Daily I think on opening a Sell Limit at 50% of the pin bar or a Sell Stop (Safe but the risk will be twice the reward) What do you think ?
Previous level at which Price Bounced back. Inside Bar Formed on Candle 3 and 2 Candle is a PinBar (Combo) Candle Already retrace more than 50 on Candle. Why not opening a Sell order and place the Stop Lost a little bit higher than Candle 1. Low risk Vs Big Reward.
AJ daily chart We have a potential short opportunity facing strong multiple resistance zone. Near the same area of the Gartley Pattern PA is only a guideline of where we will be paying attention for trade setups and opportunity’s. Good Luck.!!
The recent rally on the EUR has pushed price up into our previous structure highs. Needless to say this will be a level that I'll be closely watching in today's trading. Akil
The major yellow bearish TVC:GOLD wolfewave was shaped successfully on 07 June as the price didn't manage to break through resistance area of ~1295-1300 and thus formed the peak at point V. Currently, the minor purple wave is forming on H4 and if successful, is likely to re-test previous resistance level once again. Provided that new double peak will hold...
NZDUSD Price is forming ascending triangle we have EMA's cross also. Let's see if Resistance will hold or price will broke it all depends on news today.
RSI Divergence. Strong resistance level Upward movement losing momentum, even showingsigns of making a 1st lower high Elections coming with poles giving tories winners, strengthening the pound against the euro TP: 0.894