4h morning star 1h morning star early london momentum still moving up higher time frames always win so need to trust we have triangle formation waiting for break with our long bias from higher tf we get a last kiss on 15m with lots of nice rejection dojis one more push and rejection of down trend line and then a break with the 5m tf also 30m ftr which was a...
This zone has caught my Eye On AUDUSD Will be watching and waiting
zone to zone 618 fib reached, oversold RSI, 1.27 lines up with a fresh supply zone
Price has pushed unto a fresh zone on the 30/ 1hr. 4hr chart RSI is oversold on the 30min chart Order set at 1.2970 35 risk v 311 reward
Risk Reward 3.21 Coming off a Triple Top (Blue) on higher tf (as seen on 4h), Smaller tf (look 1h) a double top (orange), Daily candle FTR pattern, 4h Inside bar Bull fake out pattern Momentum is down, accelerating faster pushing to break the zone, wait for clean break, retest of resistance which used to be support, candle stick signal like an engulfing for...
Looking at where price is there are a few levels that are jumping out. The first area is the 1.17400 level, there was a strong move down from this level, looking left however there has been a lot more activity in this area which leads me to believe that although there could be a good opportunity here there is a better and untouched area at 1.19250 area. If...
The 1.12000 level has only just been touched and rejected so this could offer another area to get long. However the untouched area that would offer a better low risk chance of a turn would be down at the 1.10200 level. The highest point offering great shorting opportunities is way up at the 1.22800 area
zone to zone nice big drop down giving little resistance to the upside
Here we can see that price has been respecting the trendline structure since sept '18 (blue and black arrows). Currently price is heading towards support, more than likely price will bounce as it did in the past. I will be looking for confirmation patterns such as engulfing, morning/evening star and pin bar confirmation. Forex is very risky therefore, proper risk...
Price has been ranging sideways between 0.9600 and 0.95700 this shows me that there is potentially a chance price may break lower. There is a fresh Zone at the 0.9300 level which has had one tiny test and bounced from this level. If price shows signs of rejection at this level it could be a good place to get long to the 0.96900 level. If price were to break to...