EXPECTING
A
DECLINE
FOLLOWING
THE
BREAKOUT
OF
THE
CONSOLIDATION
RANGE.
THIS
TRADE
IS
ONLY
VALID
UPON
THE
DOWNWARDS
BREAK
AND
RETEST
OF
THE
1.06700
LEVEL,
IF
THIS
DONT
HAPPEN
NO
TRADE
WILL
BE
TAKEN
!!!
Waiting for a breakout of this rising wedge after price broke from a larger pattern. Expecting this breakout to the downside to be a HTF pullback for further bulls.
Price is currently showing bearish momentum with the potential to make new lows after price has retarced to the price level at the grey line i have marked which is our entry point
Stop loss - Red price level
Take profit - Green price level
AUDNZD H4 I'm looking for a very simple break and retest scenario, provided the drawn zone gets broken and retested, I will be looking for sell positions.
@PipsOfPersia
t.me
Possible short setup for AUDNZD on the 1D time-frame.
The pair has risen to meet a long-term ascending trendline and is showing signs of consolidation, particularly evident on the 4H chart.
The RSI is showing the pair is currently overbought and MACD is close to signalling a fall.
I am waiting for a little more...
Possible strong pullback towards the trend line for AUDNZD. Price has broken trend line channel to the upside and now would be a good time to place a sell trade on the pullback to the trend line. Price has also been moving under both the 200 and 50 EMA which is still indicating a strong short bias. I expect the price to move back to the trend line and then go all...
Hi guys,
there are some instances where i trade directly at the D point of an harmonic pattern, and this is one of these cases. Reason why is that price has been rejected from a major resistance level and right afterwards it created this simple harmonic formations known as Gartley pattern. As of now, i'm looking to short the D completion point and set targets...
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