We have a retest of a pretty important level at 29.31. The price will probably bounce off this level giving us an opportunity to buy.
Opportunity to sell, let's check with a mid SL.
Support has been retested, we have an opportunity to sel, SL goes above previous structure.
Again basic technical analysis. The wedge will probably bouce off the previous support again and fall. The SL is a bit above the previous structure.
Typical structure analysis. The fact that previous support hasn't been broken is a strong indicator. We'll see how it goes tomorrow.
It's a pattern. If the price closes above resistance there is a high probability for the resistance to become support resulting in a long trade opportunity
Let's wait and see. Normally the price should rally to the resistance. But if it breaks it and goes right to the D completion level we might have a pretty nice cypher pattern here (70-80% probability pattern)
I am trading quite aggressively here. If the price comes to this 38% ratio and does not violates the previous resistance nor the 68,2% ratio we can have a very nice ABCD pattern completion. Usually you trade ABCD pattern from the D. But I like to trade those kind of stuff because the risk is quite narrow and the reward is huge.
I've entered a bit too late here. But i expect the price to rally to the previous resistance. However because it's friday price might move inconsistently and finish to spike out (probably breaking resistance).
We are currently at a strong support and we will probably see a reaction from the bulls. We don't expect it to rally completely but in those cases it usually does rally to the 0.618 position. This position is confirmed by the previous lower low. A wonderful opportunity with a very good risk/reward profile.
You need to wait for a confirmation heiken ashi bullish candle. But this is a quite good opportunity to go long. We'll see how it goes monday/tuesday.
As we can see the price dropped quite violently. There is a strong probability of pullback and an exellent opportunity for bears to come into the game. Considering the risk/profit ration this trade is really worth it.
The market is at a very strong resistance and it hasn't been broken. Very good opportunity to go short to the previous structure but for best probability to get filled go with the fibs 382 level.