Price has broken support of a rising channel and the dxy is very weak. I will be shorting this pair as market structure is picture perfect and the previous swing low has been broken. here is the play i will be taking on this trade: Entry - 1.36561 SL: $ 1.37106 54 PIPS PT: $ 1.34731 183 PIPS
Price has broken the resistance area of a major channel. Price has found new support above the channel and is currently rising. Here is the play I will be taking on this trade: Entry - 1.33358 SL - 1.32874 TP - 1.34995
THE EURO HAS A (DOUBLE BOTTOM) THAT HAS FORMED AT A NICE SUPPORT LEVEL. AND I WILL BE EXPECTING IT TO RISE TODAY. NOW IS ACTUALLY A GOOD TIME TO BUY. The Euro has a nice double bottom that has formed at a decent support level. We almost have a triple bottom at that. I will be expecting this pair to rise today for more than 50 pips. Here is the trade I will...
We have a falling channel on the higher timeframe currently sitting at a major support level. On the 15min timeframe we have formed a double bottom right at support. The dollar is currently falling at the moment. I will be going Long on this pair. Entry: 0.67312 Stop Loss: 0.67021 29pips Take Profit: 0.68277 96 pips
Price is oversold on higher timeframe also coming out of a major support zone with a falling/weakening dollar. I expect the euro to rise.
Price has taken out liquidity from the highs and is now falling... uptrend structure has been broken on the lower timeframes (5 and 1min) Price is also in a overbought state on the rsi and is now starting to fall to grab liquidity from all support areas. Entry 1.28950 Stop loss = 1.29440 49 PIPS Take profit = 1.27741 120 PIPS+
Price is falling from a major resistance zone with nice downtrend structure, take a trade off the pull back
Price has fallen from a major resistance zone with bearish market structure,
Price is falling from a major resistance area as well as downtrend line on the higher time frame. GBPCAD is in a overall downtrend.
Nice break of resistance and retest of support. Dollar (dxy) index is weak and the Euro is gaining strength has it has made HH's and HL's on the higher time frame. Huge morning star also developed from previous support level.
Double bottom created at support with bullish moment. stop loss right behind support Risking just 30 pips to make over 100 Great "RISK/REWARD" ratio.
The perfect break and retest of a resistance level turned support with bullish momentum. Enter: 0.66262 SL: 0.65830 TP: 0.67146
Price has created a falling wedge pattern on the 15min TF and has broken the resistance area. I will be buying this pair as the dollar (dxy) has divergence on the 15min TF as well and is getting weak. Enter = 0.68089 SL =0.67949 14 PIPS TP = 0.68556 46 PIPS BREAK OF RESISTANCE ON FALLING WEDGE
MAJOR SWING TRADE... breakout of rising channel at the support level. Price has already retested on the 15min TF Rejection of pivot and moving averages.
Breakout of rising wedge cad is currently the weakest currency and yen is the strongest. t
Break and retest of resistance with perfect long wick rejection of sellers. 8 and 50 period moving average cross right at a key support pivot point. (multiple confluence)
Price currently in a major area of confluence: (Resistance + Downtrend Line) The bears have not shown up convincingly so I am entering this trade a little pre-maturely. But the dollar looks to be rising so I feel good about taking a sell on gold.
Prefect rejection and selling pressure from a major resistance zone on the nas100. I expect price to fall to support.