Looking at the daily chart you can see price breaking structure, waiting for price to break the support level and wait for conformation before entering the trade. Use a lower time frame for better entry. Always look left! As you can see marked up (green circle) a nice area where price once was, this is the area I’m targeting if I get in this trade.
£ Good luck
Daily is currently at a minor support level so we can see some relief to the green line. Double Bottom and then a break of the V Point on the 60 can provide a decent opportunity between the zones drawn in. 60 in itself isnt too convincing but you can use it as an entry for higher time frame perspective.
GbpNzd at minor support overall a daily flag type pattern so it is added confluence. There is some lower level of support a bit lower which in my opinion is a bit more important and significant but still not a bad opportunity.
Following a decent impulse to the upside on the 60 and not a conflicting bias on from the daily as that is consolidating, I believe price can go higher if not to a retest of the highs too. Came into a minor level of support with fairly safe stop placement. A quick potential day trade which I am involved in.
AudUsd is at a decent level of support and we can see some relief coming in on this pari following a strong bearish move. I would be conservative with targets due to it being a counter trend setup and a strong move.
Lovely shorting opportunity on the 4 hour.
Previous daily structure for possible reversal
Can trade off of the break out candle - or wait for a pull back to the consolidation zone then enter short
I'm more aggressive so i will be taking the trade depending on how markets open
check on Daily TF you may see if clearer what i am seeing
On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get...
This is the first trade idea I have posted on tradingview and is the beginning of many. The artistic nature of technical analysis means that only through constant focus and discipline will my abilities improve, therefore I do not post this for anybody else except myself. I am on way to becoming a skilled chartist that is consistently profitable and this is my...
We have a corrective pattern forming this looks to be a contracting flat however cannot confirm this as of yet so will watch closely for confirmation, with this is mind will be looking for the third wave down to complete a 3 wave pattern using the 1hr 270 fib as a target profit at a price of 126.819..