Back at its "Daily" uptrend line/support level. News coming out shortly for the pound, where price can bounce off support to the upside or break through its uptrend line. Nice setup here!
Price making higher highs & higher lows, CHF having weaker momentum as well. Last week price consolidated... Solid setup here, lets see if we can get a break to the upside this week! Trade with care!
Price made a new higher high as predicted yesterday, now making a pullback before I believe will shoot up to the 1.1925 area (Weekly Resistance). Will be watching price action at that point as we have NFP news on Friday.. Good luck! : )
Called this one out a couple days ago after price was being rejected multiple times to break though support zone (Yellow Rectangle). Price then reversed and broke though counter downtrend line with a strong bullish move, GBP still having strong momentum in this pair would like to see a pull back (Higher Low) to retracement zone before going long. Good setup here,...
Price currently above support level, initially waiting for price to break out of break top trend line before entering long.. Look for a bullish engulfing candle to support zone, new higher high looking about ready to be formed.. Lets see if we can get this move soon! Trade with care! : )
Price previously was making lower lows & lower highs.. Price broke out of its downtrend line after failing to break strong Weekly support zone. Looking to see if price can create now new higher highs & higher lows.. Looking for a retracement back to fibonacci levels (Higher Low) before looking for a setup to go long.. Lets see how it plays out! : ) Trade with care!
Euro for the win! Picking up back its momentum this week, while us dollar is losing strength... Price in a strong uptrend, & price retraced back to 61.8 zone before shooting back up! Consistent higher highs and higher lows. Next weekly target @1.1950 Lets get these pips!! : )
Retracement back to 61.8 zone after yesterdays bullish move making a higher high. Now looking to form a new higher high at 132.00 zone.
Great setup here, price retracing back to zone' (Yellow Rectangle/Higher Low) & retest uptrend line, before creating a new higher high. Next zone target at 119.00 Good luck & Trade with care!! -eazywayout
D1 - Potential daily range and a false break has happened. H4 - We have higher highs and correction is happening now. H1 - As long as last low of the range is holding we can look for buys.
A few confluences that are giving me a long bias. We have the weekly ascending trend line being respected, higher highs and higher lows, and price stalling around the 61.8% Fibonacci. Also have 2 confluences for the target of 1.40000 being the monthly high and falls in the line with the -27% Fibonacci. Please feel free to share your thoughts. Thanks.
higher time frame is in channel range uptrend looking to breakout strong mid time frame is showing positive price action- showing higher highs and higher lows along trend line rising rsi and positive volume pressure-trading above value area showing strong momentum lower time frame is showing price action showing uptrend with weak correctives moves meaning bulls in...
I believe this is my first post about Corn Futures, so let's see how this goes! Daily charts so that corn futures are trading within a channel, with resistance being the 50 MA and the support line being the 200 MA and the price support level of 356. Corn Futures shot up today above both the 50 MA and the resistance portion of the channel in which they were...
We have a 4hour breakout from blue box consolidation forming HH and HL, with APL false break present.
Lower highs and lower lows have formed. Trade the fib cycle to the D leg.
A higher high gives confirmation for this entry
Ive noticed gold seems to be in an uptrend with a key area being at 1200. Price rejection seems to be strong from here as we can see a break out. Target 1230 - mid term.
Confluence: -Weekly Support being respected (1.30000) -Broke A Downtrend Line and retested it -Previous zone has yet to be retested (1.33000 - 1.3165 on the 1HR Chart) -Higher high candlestick close after retesting the breakout (1HR Chart)