Short position, check for retest in a lower time-frame, about to reach our target.
Price ha retested and about to fall crazy. Great entry point
Short after it goes below the line and retests. Check for retests in a lower time frame.
another short position opportunity, after breaks the line and and retests like the other.
Long term sell opportunity, already confirmed and retested.
Very similar scenario to the EURNZD trade posted earlier. After a very strong bull run the pair entered overbought territory and we see a bit of a spinning top what it is usually a sign of weakness. It has a lot of room to run and very little support on its way what makes the R:R on this trade exceptional. How do I play it? There are 2 entry points : - We can...
Another exotic market in my Monday watchlist. The pair broke the descending trendline a couple sessions back (seen in next chart) but bears took control when the 4H 50MA was touched (seen in next chart) and made me hit my SL :( Friday was an interesting session. The price printed another hammer candle finishing the session right at the resistance area. That...
EURZAR has printed a long tail (hammer) candlestick at an area of strong support where we have seen the pair rebound in the past. Furthermore the pair broke the support and recovered in a very strong way. The market is also oversold and approaching the descending trendline dating from the beginning of June. I believe a rebound to the 15.886 area is on the cards....
Analysis team bought EURZAR @ 16.16 with the target @ 16.4130
Daily and 4HR bias bullish Price has retraced and printed a bullish hidden divergence in30-35 RSI band which makes this long trade high probability! Good luck and good trading!