Price broke but failed to close above the descending trendline. If we get a clear rejection of 50MA and trendline, will be looking to go short.
I missed the original entry on this one, however if we get a pullback, I will be looking for another short trade on this pair. Weve had a nice clean break of the 50MA and several rejections of the descending trendline and the resistance zone. Daily is showing a clear downtrend with new lower highs forming.
At the 134.500 area, this dotted line started last week as support, gradually turning into resistance, with the price remaining undecided and moving up and down and not respecting it as neither support or resistance. We have however, had several rejections and failure to break the descending trendline . Price dropped below the 50EMA but closed above it. I am...
On Friday I had this analysis plotted out, however I missed the entry. We have now had pullback to my original area of interest so will be looking to enter this if the markets respect. Analysis: - We saw a break of the descending trendline, with price creating new lower highs. - Several rejections of the ascending trendline - My entry area of interest lines up...
My previous analysis on this pair was for a short trade. Unfortunately I missed the trade, however was pleased to see my analysis was correct. I still see further downside potential on GA. I am now hoping for a pullback to the trendline which lines up with the resistance area and in the 50MA region. If we get this, I am looking for a longer term trade.
Looking at my previous EU sell which went as expected and fell past the target 2, having seen that the price has several times retested and failed to break the ascending trendline. I would be looking at some further downside potential on this pair, hopefully down to my original target 3 area.
Daily - Expecting a pullback to the most recent area of support, which also lines up with the 50ema. We have seen several rejections of the descending trendline and the most recent resistance area. 4HR - If we drop down to the 4hr we can see that price broke the ascending trendline, if we get the pull back expected, and a retest of the descending trendline, I...
We have seen a break of the ascending trendline, would be looking for a pullback and retest of this before further downside movement.
Closed above the most recent support area and 50EMA. If next candle opens above the support, will be looking for a short term buy up to the next resistance, with a nice small stop below the most recent low.
Daily - Nice long wick rejection from the descending trendline and lines up with the 'golden pocket' area of the fibonacci. 4HR - Most recent candle failed to close above the dynamic resistance area Will be looking for a close below the 50MA on the 1hr before considering entering this short.
Nice rejection of the 50ema, descending trendline and the 0.71 fibonacci.
Nice wick rejection on the 4hr of the 50ma and descending trendline. If we break the support area (target 1), would be looking for a longer term hold.
We have had a nice rejection of the 50EMA and the ascending trendline. Will be looking for it to reach the previous high so may be a longer hold trade
We have now seen a break of the ascending trendling. If price pullsback to the trendline to retest and reject the 50EMA, I will be looking for a sell on this pair.
Same as AUDUSD idea. Want clear rejection of trendline and 50ema. If breaks the TL and retests, could change to sell bias
Looking for a clear rejection of trendline and 50ema before we enter this.
If price fails to break the descending trendline and 50MA will be looking for another buy on this pair.
If we break the first target (50EMA), will be looking for a more long term sell. Several rejections of the resistance zone Rejection and failure to break the descending trendline.