Strong breakout of previous resistance, now turned support. It seems that prices are rallying due to the huge movement from US DOLLAR. If we get a pullback, we could take a BUY position. Be patient, do NOT chase the market nor buy when it is rallying. A strong move usually consolidates after awhile, or retraces for a better entry!
Triangle consolidation at the top, now broke down and looking for a retracement or pullback for a potential trading opportunity, selling it towards the next support zone. Look for bearish price action or bearish pressure to catch the move towards the bottom.
An idea for the next trading week. Looking towards a breakdown retest formation. Look for a SHORT trading opportunity on the lower time frame to catch a good entry, with take profit at the next support zone area.
Impulse bearish leg that broke support area, now coming back to test the broken structure. Look for price action patterns at the reversal zone before taking the trade. Be patient with your setups, follow the flow with the market. You can't control the market.
Push phase breaking out of trendline and now looking to pullback onto previous structure for a LONG position towards the next swing high or resistance area. Look for buying opportunities anytime now.
Double bottom onto a support structure with huge bullish momentum given the current candle, although yet to close. If the resistance level and trendline gets broken, look for a pullback, retest or trend continuation pattern for a BUY entry towards previous swing high! Plan your trade and trade your plan.
Rejections can be seen at our resistance area, failing to break through and eventually forming multiple tops. Our entry criteria here, would be to wait for a strong bearish breakdown move followed by a pullback or retracement towards a minor resistance level to consider taking a SHORT position. Plan your trade, trade your plan. Do NOT let your emotions rule your trades.
Consolidation phase going on now. Clearly looking for a breakout for a directional bias, leaning towards an upside breakout for trend continuation. With a strong breakout, we could look for a retest onto previous structure for a BUY entry.
Strong bearish momentum can be seen here as we are looking for a retracement or a pullback onto the support turned resistance level. Look for price action confirmation before taking a SELL position with your target profit at 1.07406
Double bottom formation onto a support area, made a bullish impulse move towards the upside, breaking the double bottom neckline. With this setup, we are able to look for a LONG position if we get a pullback onto previous structure. Plan your trade and trade your plan. Do not rush to catch the bullish move because more often than not, prices will pullback for a...
We have an impulse leg over here with strong bullish push phase and now, waiting for prices to retrace onto our previous structure before taking a BUY position, with target profit at previous high. Look for bullish continuation patterns like the flag or wedge.
Bearish momentum can be seen with this impulse move downside. As prices are pulling back, giving us an opportunity to take a SELL entry at a resistance area. Look for rejections or bearish price action at the resistance level before taking the trade.
Strong push phase in the market, where prices starts to be in line with the overall bullish trend . Although we have an immediate bearish move, prices failed to break our support area and made a bullish rally.