PRICE SEEMS TO BE REJECTING THE INTRADAY RESISTANCE AND DAILY SUPPLY ZONES COUNTERTREND LINE REJECTION 23.6% FIB REJECTION HL AND LL ON 4 HOUR CHART LOWER LOWS EXPECTED BEFORE AN UPSIDE SWING TO 1.15 AND HIGHER!
EURCAD is at a level of Resistance. The pair pull backed and has a few things acting as resistance. 1. We have a Horizontal resistance level. 2. 20 EMA is holding the price down. 3. The Camarilla Pivot R4 is holding price as well. Price below this level is considered range bound unless broken.
Good opportunity to short AUD/NZD once (If?) the price reaches the PRZ (Potential Reversal Zone)
SHORT At 1.28438 Strong Daily Resistance In A Range Major Support
At this point the price has been unable to keep moving lower, therefore the most immediate down trend channel is no longer valid because it doesn’t represent the price behavior. Therefore until now after two trend channels that have failed to consolidate its movement (uptrend and downtrend) now one can identify an area of congestion where the buyers and sellers...
Looking into this bearish market, focusing on this daily trend... Shorting @ 1.2575 if price can show me further bearish signals. 50 point stop 100+ point TP
As mention before, the price has reached the most immediate Support area, and here is where the things are interesting ... why? ... Because at the extremes one is able to find opportunities for entry with a small risk relative to its potential profit, moreover if you are wrong in the initial hypothesis is easy to scratch the trade and be ready for re enter the...
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EURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are...
Within a steady uptrend, price initially struggled to break above the 38.5 level. However, the immense bullish pressure resulted in a breakout to the upside and a brief intraday pullback shortly after. Price preceded to create a new high and has pulled back to that same role reversal level (now support). It has formed a notable reaction hinting at potential...
Very easy setup. AUDUSD is currently in a medium term uptrend. Dating back to early March, the 0.7400 - 0.7420 handle initially acted as resistance. Price then broke through and found support at this same level (blue boxes). Since then, price has created 3 new highs off of this support level (orange boxes). Look for another bounce off of the 0.7400 - 0.7420 level...
AUD/NZD presents a fantastic short opportunity on the Weekly chart. A pin bar formed at major resistance, although there are some trouble areas closer to CMP than the target area.
The price has made a false break out, because there were no follow through to the downside (No followers) in this order of ideas, the price has returned to the Trend Channel, notwithstanding is important to keep an eye around the 1280-1284 (Resistance) becuse if this area is able to hold is most likely that we are facing a trading range but in the other hand, if...
There are a price action pattern Head and shoulders in daily chart
Read chart/ Personally i would wait for a indecision candle before entering this trade and enter it if sellers are able to make a new low after the indecision candle because that would mean that sellers taking control of price.