The Monday's daily candle has closed as an indecision on a key resistance zone. This candle's long upper wick signals a strong bearish price rejection. We are waiting for price to fall below the previous (Monday's) candle, making a lower low, which will signal that sellers are now taking control of price. We therefore look to go short at 72.265 . However our set...
Price is showing signs of rejection at a significant reversal zone. So far it looks like today's candle might close as an indecision. We will wait to see if price starts making lower lows. a safer entry would be to wait until price breaks below last Friday's candle, hence we set our entry order at (75.338) below the candle. This also helps us to find a better...
a good indecision candle has formed on a key support level on the daily time frame indicating strong rejection at that level. we are looking to go long by placing a order slightly above the indecision candle ( at 0.74188), when price starts making higher highs. our stop will be slightly below he indecision candle.
Price is stalling out at key support area. we are waiting for the daily candle to close, then see what the next candle does, assuming the candle closes the way it is, we would immediately go long if the next candle makes a higher high (for a 1: 1.5 RR ), then extent our target further to resistance, depending on the price momentum.
However this stalling out might...
