Hi. Price made a fake breakout out of range box in which is ranging for almost 4 years now. We can see that price then got rejected and is again trading inside the range. Price made a clear rejection of the resistance area so we can expect that price will head down to the bottom of that range to the 0.83 value. If you liked the idea please press like and if you...
Price got rejected from resistance area and broke through ascending trend line. Currently it is making a corrective structure, before breaking down and heading to that 1.00 area. From there we can expect strong move to the upside.
We got stopped out on the previous trade for less than 10 pips but bias remains bullish on all of the higher timeframes. Price made a retracement and now broken out of descending trendline made a retest of that trendline. We have here a nice trade setup with great R:R.
Just like we anticipated in yesterdays analysis we posted, price bounced off a support area and formed a new higher low. We can now expect that price will move upwards to form a new higher high and close a gap.
Price is currently making a retracement. We will wait to see if marked support area holds and price makes a higher low. If price rejects from support area we will be entering long position and expect a new higher high.
Price formed double bottom and then broke through descending trendline and now made a retest of that broken trendline. This is a quick 1:1.3 R:R setup with TP at the top of the trendline.
Here we can see how price is forming ascending triangle pattern. We have to wait to see on which side price will broke out of triangle. Wait for a breakout and retest before entering a trade. If you like my idea please press LIKE
This is an educational post. We have here beautiful lrice action on the audusd 4 hour chart. As you can see price broke through descending trendline and made a retest of that broken trendline which was also aligned with horizontal support area and 61.8% fib retracement. Price went up to the next resistance, made a new retracement and then shoot up to the TP.
Price was at all time lows and finally moved higher. We are looking bullish on all higher time frames and still have a gap to close. Price bounced off support area which is also aligned with 38.8 fib retracement. We set SL bellow 61.8 fib retracement to be on a safe side because of recent high vollatility.
We are waiting if price will make a lower high and then continue to fall down. Before we enter a trade we will wait on formed lower high and candlestick confirmation.
Oil droped heavily in the last couple of weeks, so we can expect a retracement. There is also a huge gap to close. Price is forming nice double bottom pattern we just have to wait for candlestick confirmation.
We are at strong resistance area and heavily overbought. Price is decelerating and rejecting from resistance area. We can expect price to drop heavily. It is nice short opportunity with nice R:R ratio.
Price is finally turning to the upside after reaching all time lows. We also have a gap to close.
Price is rejecting support area which is also aligned with descending chanel line. Price is expected to make a strong move to the upside but we are still waiting for valid long setup with good R:R ratio. Hopefully we will get a nice entry tomorrow or in next couple of days.
Nice pin bar occured at trendline and 61.8 fib retracement. My TP is set at 1.0550
Silver has shown some retracement until 17.000 support and now has shown signs for new lower low. TP1: 16.000 TP2: 15.700
CAD bounced of 100 and 200 EMA to retest channel and now new high