As can see by our EN chart we are predicting a short at the resistance level. Break and retest.
Therefore on EA we are looking for a short term buy. We have a 3rd touch confluence of key level.
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Price has broken out of this TL, confirmed a lower low and is now on a resistance level at a structure, 50EMA and the 50 fib level. However it is Monday so I won’t be taking this trade, will look at PA tomorrow morning. This is a perfect set up though, before you take it wait for this 4H close.
on Thursday NZDUSD broke below a 4H structure support.
the breakout is considered to be confirmed and on Friday the price retested the broken level.
Friday's high momentum bearish candle indicates the prevailing bearish sentiment.
on Monday the price will most likely keep falling!
those who will trade the market opening...
EURUSD H4 - Seen some consolidation on this 1.19 handle since we tie in with our previous resistance highs. We could see some market relief, to correct this recent bull run, but I think we should break resistance at some point and trade above 1.19. DXY is on support, anticipating DXY support to break, but as mentioned, we may see a mild bounce/correction first,...
0.72000 was a key area of interest for me as resistance, yes price went 40 pips over this level but then dropped 50 pips under it as the bears push price lower my target is 0.68000 which is 350 pips away and is my next level of support.
Now this wont hit overnight so if you are looking for quick small wins then look at someone else's page, This is a swing trade...
GJ is currently bearish with Jpy being strong on Monday, a push below the yellow line(138) and retest will indicate further bearish movement to the blue 137.280.
This bearish movement could bounce from the blue line into something more bullish and heading towards 139.900.
Women say that the best feeling is taking bras off at the end of the day, WRONG the best feeling is hitting a 500+ pip trade, but i guess i am just different.
141 is a lovely round number, it is also a key support and resistance level as you can see on the chart, This is also where the 3rd touch of our weekly trendline could happen! A strong level like this on...
The only way i can see this going is down, this is the monthly timeframe so this makes it a very strong setup! July was a very strong bullish month that pushed price upto this level but created a spike through which means bears were there to prevent this and i can only see bears taking control from here pushing price lower.
The previous 2 touches of this...
137.000 is where i have a sell order set, this is because price should meet good strong resistance and 3rd trendline touch at this level. With trades like this a nice tight stop loss can be placed because if such a strong area is broke then price could explode up, but if this level is respected price will make a lovely run down.
137 is a lovely round number...
Yes they did... Message me for more info.
A clean and clear setup has formed here, price is at a key resistance zone so i am taking the short trade as i can see bears pushing price down after the bulls have pushed price up over the last few days.
Again the chart is clean and simple, this enables you to see setups clearer.
If you would like any help trading the...
Rejected purple dotted line 6320, has respect the rule of the “trend line” and has tested and gone short after breaking through. I see a short to 6200 where they’ll be a retrace and continuation back down or turn bullish and retest 6320.
Trade at your own risk.