Inverse head and shoulders pattern in confluence with a break of the trend channel. Price beginning to make higher highs and lows,
Possible inverse head and shoulders setup in confluence with a trend channel break. Price is beginning to violate structure making higher highs and lows.
Looking at a trend continuation. Price coming back into a well respected sell zone.
Looking at a trend continuation. Price entering a well respected sell zone.
Price still making lower highs and lows on the weekly timeframe. It's coming into a well respected resistance zone. Will be looking at price action as price approaches.
Price rejected a well respected monthly support. We are now beginning to see a change in structure on multiple timeframes. My expectation is that price will retest previous support zone before continued move to the upside.
We have a change in structure and my expectation is that price will retest previous support zone with a continuation of the bullish move.
Price has bounced off a well respected support level. Looking for the completion of an inverse head and shoulders setup to take a long position. Profit target would be the next logical weekly resistance zone.
Inverse head shoulders setup. I will short at the open to scalp a potential 50 pips, then enter long position when price reaches that liquidity wick I have highlighted.
Bit of an aggressive entry on this one guys. I normally would wait to a pull back to the resistance level to make a decision, but I see we may be getting a Doji forming on today's candle, I'll wait until the close today to make a decision. Trend line acting as resistance/ profit target. Nice risk to reward on this one. Thank you.
Hello everyone. Neutral setup on a wedge pattern at a support level. I'm inclined to go long as price is still above the 20 period EMA. I based my long entry on the current price and stop on the.618 fibs level, and short entry after a retest of resistance.Good lock and good hunting this week !
Hello everyone! I may need some help on this one. I believe this is called a "cup and handle" pattern. I've never noticed one before so I could be wrong. I'm inclined to think this will continue long but I would have a setup to the short side as well. Thank you.
Hello everyone. I hope your trading week went according to plan ! I was doing some analysis last night and noticed this complex head and shoulders pattern. I was neutral on this pair earlier this week now I'm inclined to take a short position. Waiting for a trend line break for an aggressive entry. A break and close for a more conservative approach.Thank you.
Hello everyone ! I hope all is well with your trading ! USD/JPY appears to be in the a corrective move after a nice run up in price forming a pennant pattern at an area of support. My expectation is a continued move to the downside to retest support, then a reversal to the upside. I have an intermediate and long term setup. Risk to reward are 1;1.88, and 1:3.78....
Hello everyone. Nice little setup with price running into resistance, Just waiting for a close above resistance to enter a long position. When price reaches 0.77627 I would scale into my position. Thank you.
Hello everyone ! I hope your trading week is going according to plan ! Potential long position on GBP/NZD. Price is approaching the neckline of a double bottom and is trading above the 20 period EMA. I'm waiting for a break, and close above the resistance area it's approaching to enter a long position. My stop would be set just below the .786 Fibonacci level and...
Hello all. Simple trade setup off of a wedge pattern on the 4H chart, Good risk to reward ratio.