1] Price has broken the general upward channel.
2] I will be waiting for a retest and further price action before getting into a sell position
3] Expecting price to touch the horizontal resistance and then movement to the downside (to the 80.00 level)
Let me know your thoughts in the comments!!!
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1] Price has broken the upward trendline and now looks like is coming back up for a retest.
2] It also appears like it may be forming a Head and Shoulder pattern (See orange boxes for SHS respectively)
3] Price is reaching the horizontal support that it has been boucing across all week
Wait for comfirmation with:
1] Price action showing momentum to the...
we have a break of this ascending trend line on USDCHF, we should wait for the retest before entering a SHORT position towards the 0.97200 region
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I have two ideas on GBPUSD on here, they are pretty simple.
Our entry zone would be the light green rectangle, which will be the main zone we need to look
at, we need to carefully see if the market does the retest on the trendline and then start another
bullish run or it breaks again the trendline and drops all the way down.
Be very careful as it's a very...
This idea is similar to the GBPUSD idea that I posted recently.
GBPJPY is on a bullish run, and we can clearly see that is taking "a rest" by forming a bullish
flag pattern , which is a clear confirmation for another bullish run that could reach the next
s/r zone. We must wait for a breakout of the trendline and enter on a retest and join the buyers.
We have two ideas on here, the reason why I have two ideas is because the trendline and the s/r zone has been broken few hours ago, so
we need to wait and see what the price does, if it starts to push down it means that it will go for the sell; however if it breaks the s/r zone
again and goes thru, it means that it will follow my long idea.
For any questions feel...
In a short term downtrend on the euro fairly strong move down and predicting a retest of the current level that held. Possibly can continue lower if we make a new low. Also getting nice slowdown and rejections on the 60
price currently on neckline, breaking out of this area i doubt will be straight forward , 1 of two things , price will retrace back to resistance showed on chart and break downwards (where the first sell might take place) , if price breaks neckline immediately, initiate sell , smart stops should be placed , a bit above neckline so you don't get stopped out...