Price is coming up to an important resistance area, we could see bears come into play. if price can show clear rejection, I will be looking for shorts as a short term pull back to support. Need to always wait for confirmation.
Double top formed at previous structure 1.10950 . Market has since moved bearish and broke previous short term support and is currently testing the area. If a clear rejection is made, I’ll look to short this pair
Price has reached an important zone with three failed attempts at breaking structure. Signs bears are coming into market.If price manages to break below and retest short term structure of 69.1, could open a good trading opportunity
Last week showed a break to the upside of a descending channel, showing bullish momentum. On the daily chart the candlestick has been using the ma as support. On the 4hr chart can see a break of a wedge to the upside and rejection at the 50% fib retracement level. I am looking for long opportunity after the close of 4hr candlestick above the wedge before entering...