Breakout and retest of either triangle or resistence (trend line). Broke EMA in 30 min chart before but managed to get back up again and now retested EMA and got rejected immediately.
As we can see on GBP/AUD Chart here . the price already react to weekly resitance and preparing to go short until the last destination (weekly support1,427..) Note that we are on bearish territory and if the candle close above resistance just treat it like support. Happy and safe trading (like and follow for more) News both went neutral
Strong resistance, we can expect price to retrace. Happy Trading :)
be patient to trade the aud/cad. I'll wait until the breakout.( I support the idea of a future short position) resistence and support levels and other opinions are represented on the chart
Recently the pair respected resistance, labelled "Potential Price Resistance". The RSI is also in oversold territory. UK construction data came out quite positive but price action failed to show buying pressure. The lack of buyers may add selling pressure. Further Brexit news may start colouring a more negative picture for the Pound (GBP). Splitting the trade...
the chart has tested a significative resistence level and now it's time to enter in market with a short position 2 levels of take profit. anyway there is a good ratio of r/R >3
It seems we have a good setup here for 2 trades. The first is a SHORT and the second is a LONG, after the harmonic pattern confirmation. This seems to be a very high probability trade on the Daily for Twitter Inc, where price action has reached a significant resistance area and point in the structure, at the top of the channel/trendline, where a very high...
UJ seems to be rebounding from the top of bearish channel. SL set at resistence above 109.8 first TP set at cross of centre line
Target 1: intersection of 38.2 bull and 50 bear fib rays. Target 2: intersection of the 50 bull and 50 bear fib rays.
Hello Traders, Today we will share with you guys the EUR/AUD as it seems to show downwards pressure towards 1.38, before breaking the 1.389 resistance zone. It currently flirts with major resistance level. We will be entering a short call at 1.388 to head at least to 1.3825. Risk/Reward: ~2.1 Notice if the market closes hourly above 1.3905 this setup will...
usdchf 4h Critical resistance levels.2 scenario 1 opportunity.
We are currently at an area of resistance. Furthermore, we are at the key fib retracement level, providing an opportunity for a sell opportunity. We are currently in a downward trend and this price level provides a perfect entry for the continuation of that trend
I've been following Elliott wave on USDJPY for the past week now and have had consistent, profitable trades. It appears that Weve just finished 5 waves to the downside and now were moving into an ABC correction to the upside. Wave 5 may have more bearish room to go but we should see a correction to the upside soon.
Looks like a false break out of recent resistance. wait for price to tank a bit to confirm short entries
As I can see FX:NZDUSD broke out of it's longer term trendline, should be a good opportunity to buy, however before that we will probably see a consolidation or traceback. If there is any of those using support/resistence areas, the upcoming traceback can be nicely proven by resistence area above. Thank you, comment if you agree or disagree, your opinion matters
I predict a good chance of a reversal here. The correction has retraced 61.8% of the last impulse, which also converges with the upper daily trend. An hourly close above the green trendline invalidates this idea.