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
If the price is unable to break the resistance and the behavior of the upward movement change, then a short scenario could be triggered expecting the consolidation of a downtrend channel