Looking for a pullback around the extreme of the downtrend channel and close to the resistance area ...
There is a strong downtrend channel, so you could wait until the price approach to the extreme and look for a change in the behavior of the pullback ... maybe a lower High and then look for short entries in order to play the channel
After the consolidation it is apparent that based on the established low to high followed by a higher low, that an uptrend has been established and a Long breakout will ensue.
Trying to participate in the underlying uptrend --- triggered base on the 5 m chart
NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all...
Usd-Sgd Sell Pin Bar Setup at Trendline confluence and EMA confluence
If the price is unable to make a new Lower low, and a Higher low seems to form the an entry to the long side would be good taking into account that would be a trade with a low risk in comparisson to the potenctial reward
If the price is unable to make a new Lower low, then looking for a long entry would be a good idea because in this scenario you have a small risk in comparison to the possible reward ... So the key area of decision is the Last Swing Low (Red line)
There is an inverse S-H-S pattern on the weekly, price is going to retest the neckline. Looking to go long at 2 daily demand zones.
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea) *This is not any sort of trading recommendation. Trade at you own risk
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea) *This is not any sort of trading recommendation. Trade at you own risk
I use Market Profile and Price Action for my analysis. Please read the basic rules for trading my intraday levels (linked to this idea) *This is not any sort of trading recommendation. Trade at you own risk
Around the extreme of the longer Up Trend Channel ... ¿maybe an oportunity to enter long?
Donwtrend channel ... Looking to play the exrtemes