see my profile for full analysis of eurusd eurusd pullback to break-outed line and then going to sell position again.
Higher highs and higher lows maintaining recent uptrend. A break and retest of the resistance should see us testing 52-wk high.
Finally price broke the neckline and formed head and shoulder pattern in EURUSD. I'm waiting for price to rotate back to the 1.16700 level (neckline) to get short.
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Price has reached to a very strong weekly support zone. Conservative traders wait for a bullish candlestick confirmation to get long. In the other hand, more aggressive traders (me included) don't hesitate and buy around this support zone without any confirmation.
After a strong bearish move to the down side, price reached to a strong weekly support zone. You can either wait for a daily or H4 bullish candlestick pattern to get long or you can blindly take a long position around this support zone.
Price has reached to a resistance zone and rejected it multiple time. Now it formed a bearish pin bar near resistance zone, which gives me a clear bearish signal.
Simple technicals. Previous resistance breached and retested as support.
Currently heading north to a significant bounce point, it will tie in nicely with the outer Bollinger band. All I need at this level is the correct candlestick pattern and I'll jump in short with target 2:1 at recent low.
Validated confluences 1.Weekly/Daily Resistance strong 2.Price action: Inside bars 3.Profit margin 1:7 4.No major support until 1.6600
Validated confluences 1.Weekly/Daily Support broken Resistance valid (strong) 2.Trend Trading 3.Profit margin 1:3 4.No major support until 1.4620 desirable profit margin 5.Trend-Line broken (Strong Validation)
looking to sell usdcad after break of trendline and retrace as described on the chart. Best of luck :-)
EURMXN Bullish Engulfing at support, potential move to the upside from the 21,103-21.186 area.
Validated confluences 1.4hr Trend-line broken (uptrend) 2.Support broken Resistance valid 3.Profit margin 1:3 (minimum) 4.Price action high on the curve 5.Price action shooting star on daily timeframe
Bullish Pin bar at support, potential move to the upside from the 1.46966- 1.4759 area
This market is continuously making Lower Highs and Lower Lows and the area highlighted in my view will be a critical area to watch for bearish evidence and go for SELL entry. I keen to keep charts simple as possible. Let's see how market unfolds from there.
I think price will break the weak supply zone at 5.90 and we could start to see a new trend once it does. Again wait for the close above this zone before that ideas is truly fulfilled.