Look for wedge breakout to take this short as price also broke support and is now retesting the resistance zone. Shooting star rejecting the 50ema and rejecting upper zone of wedge
trade the trend in the pennant or trade the breakout of the pennant. Keep in mind price is in an overall downtrend
Price is trading in a trend and recently rejected off-trend support and broke out of descending 1hour trend forming a wedge breakout
Price is trading in an overall downtrend. Break and retest on this pair. Got taken out breakeven last retest trade. This level is showing nice rejections with shooting star candlestick. Check out the 61.8% fib for extra confluence as well
Possible range retest to go lower on this pair. Wait for candlestick rejection or price to trade in corrective structure to take this short
Break and retest setup on this pair. The red box is the 61.8 fib retracement level. A shooting star candle stick on could give us a nice entry from a rejection off of that zone. Price just made a correction in an overall downtrend
Price is trading in a downtrend and made a big correction last week. Will look for a break and retest on this pair or will look for price to triple top with significant rejections to take this short.
Price is trading in an overall uptrend. Break and retest setup on audusd. Will wait for hammer candle stick rejection to take this long to the indicated targets. Straight forward setup if we get a nice rejection off previous resistance
Price is trading in an uptrend. Previous resistance was broken with a hammer cadlestick rejection on the 4 hour. If price comes back into the highlighted zone, I will look to take this long
Price recently broke out of uptrend structure. Expecting a retest of the trend line, which is also inline with previous support to go lower. Look for a break and retest setup. Will wait for candlestick rejection
Break and retest short setup with a shooting star rejection. Previous support becoming resistance. Straight forward setup
Price is retesting the overall uptrend with a hammer candlestick rejection. Double bottom with a nice rejection off of buyer zone
Price double topped on the daily in an overall down trend. Shooting star candlestick at previous resistance
Waiting for price to reject the decending trendine and break flag for entry to the downside. If price does not setup for short then look for breakout of decending trendline back up to resistance
let me know your thoughts on the setup
Shooting star candlestick forming and bearish engulfing candlestick setup along the trend on the 4hr chart. Please feel free to share thoughts and ideas