On the audusd there seems to be a strong support on the weekly so I decided to head over to the daily and I noticed a downward channel has been created consisting of lower highs and lower lows.
Hoping for price to retest previous support structure so I can go long.
Use lower timeframes to monitor movement and enter trade if necessary.
After the Bears took control at 1.36500, a very strong bearish momentum has pushed the market in a strong downward trend, retesting off resistance zones as it continues to decline.
As our previous trade successfully closed breaking past both of our targets. We are looking for another retest entry to profit from the bearish momentum.
Steps needed:
-Price needs ...
1, EURUSD recently broke it's channel that it was respecting since August. Since it has broke the channel it has retested the channel.
2, H&S pattern waiting for price to broke neck line.
GBP/AUD is seeing a much anticipated retracement after melting out of a series of consolidation ranges that kept price action in between since mid June. Subsequently this pair has created a new lower low before initiating this correction that is taking place which seems to be coming to a halt as we can see a bearish divergence on the H1. RSI illustrates that price ...
USD/CAD had entered a parallel channel since the end of July and has been keeping within till the breakout 2 days ago to the upside and rejected the resistance level of 1.3125. We can see price action has come down to retest the channel and is struggling to re-enter and has rejected it by forming a doji and a spinning top on the H4, implying uncertainty and a ...
if you didn't get in first time heres another chance to get in. Technical analysis.
if your style is aggressive u can enter now. I would recommend waiting for a 4hour candle closed below the previous candle low
Pair: AUD/NZD
View: 4H
OBSERVATION: Price broke past the bearish resistance line. The resistance line which happens to with a strong support zone at around 1.08400, which is currently being retested for a second time after the breakout. If this zone is respected, I will look for a candle formation in order to go long, targeting 1.08990 then 1.09400. A break ...
Price consolidated starting around the 4th of May and finally broke below it on the 18th. Currently we are seeing a potential retest near 1.35000 which was a strong support zone since the 4th of May. I am waiting for a candle formation on either the 2H or 4H timeframes before going short on this one.
Simple EMA strategy
H4 Lower highs and Lower lows
Waiting for price interaction with H4 20 EMA in the trend direction.
There's good resistance on the pivot points as well.
Entering at the 50EMA bounce downwards.
Enter at the EMA cross on the 30M, 20EMA (blue) crossing 50EMA (red) going downwards
Two trades 30pips Stop Loss, targets at 1:1 and 3:1 ...
Evraz PLC is now sitting comfortably above the previous all-time high and still looking strong.
On the daily chart we want to see price retest the all-time high and use it as support, followed by a breakout which will confirm a continuation of the bull trend.
In May/June 2017 price used the Weekly 50 simple moving average as support.
Then in November 2017 and ...
USD/JPY SHORT, break of the box it has settled in for the past few weeks. Looking for a close outside the box and a retest of the underside of this box or the supporting weekly trend line it has also broken before entering a 3:1 risk reward trade.
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