Formation of an inverted hammer or a bearish pin bar signifies the bulls are becoming weak and unable to push the price up, bears are beginning to come in. If retest breaks the zone it means it was a fakeout. Wait for confirmation and go short⏬
Hello everyone Here's the latest GBPCHF analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation. good luck
#GBP/CHF make a bearish continuation price formation.
Price is looking to test the resistance level for the third time. Currently, it is within an ascending channel and is looking to complete the wave E. Expecting a bullish continuation targeting the resistance level.
CLEAR BREAK OF HORIZONTAL LEVEL..WAIT FOR RETEST AND LOOK FOR YOUR BUY SETUP..
This pair just broke a resistance level. Looking to go long on rretest of the level
Now that the resistance level has been successfully broken we can begin to look for buying opportunities from the re-test. I expect price to pullback into structure, show signs of rejection, then proceed to the level illustrated. According to COT data source - 53.2% are long
Yo Traders, Price has broken through the triangle formation with a big green candle. Looks like the price will be moving up from here. Look for the retest of the resistance level and for price action on lower TF before going long. Please like, support and comment Thanks Madtradex
Based off Price Action, We expected a Bullish action from the market and we reacted accordingly by taking the Trade based off our rule based Strategy for a nice 1:3 RRR.
Here I expect price to try round number @1.2100 and quickly bounce down. Expecting 80pips TP here.
BREAKOUT through the Range , waiting for a pullback then we go long
In chart we can see that 20 DMA has kept on providing support and 20/50 SMA are alligned perfectly for bullish continuation. In shorter time frame look buying opportunities in Dips . selling is not advised till price remains above 50 SMA in daily chart. however price may move lower in small waves towards retesting 20/50 SMA support , but overall trend is...