The support area has been retested many times if broken we would have a long sell ... Let's watch how is goes ... follow for more .. Happy Trading
Retracement to the 61.8 fibo level respecting a trendline ....
With the the 50 percent fibo at a resistance level after the long short last week this week will be the week for retracement and retesting so we are waiting for a confirmation and change the broken support to resistance b4 we can enter a short ....
wait for the candle to break below thr support and confirm it as a resistance before you can enter .. Follow for more
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Form a doji on the H4 timeframe at a broken resistance now retesting as a support and also confirming on the 50 level Fibonacci retracement .. 3 solid confirmations... follow for more
retraced and retested a trend line and the 21 days moving average and a broken horizontal line(support turn resistance) and also form a pinbar candle stick .... I think that's more than enough confirmation
After a long drop yesterday will there be a higher strength to break the support or it will continue to move up ... I will wait till the green candle 21 moving average before an opportunity to go long but for not lets wait for a break out
Two trendline with demand and supply area if broken can either be a long or a shore
Usdcad has broken a demand area and retested it
the candle is rejecting the downwards trendline and the 100 EMA when a bearish candle form we go for a nice sell... Follow for more ,, Thank You
id a grave stone doji should form at the weekly .. we are looking for a great sell
Welcome again to my latest or another analysis on GBPUSD which has been playing with our emotions but as of Yrsterday to today we saw our candles retest our descending trendline and formed a bearish engulfing candlestick which was a great signal to sell but if you miss that trade we are getting ready for another short sell again at the fibonacci retractment level...
As you have all seen the market is going back and forth through the treandline resistance and the strong support below with the previous candle formed on the last support which is doji candle it is giving a slightly high chance of reaversal but I don't think on the D1 timeframe i would Respesct that support since it broke it once but if it does break it we are...
From the downward trend that has been rejected for the past 5 days since last week and breaking the upward trendline on the 4H time frame and also the support using the Fibonacci tool it is resisting the 50% level and also the retestesting the previous support it broke if it should form a confirmation candle we can enter short