Aggressive buyers buying into an area of selling interest. Rejection candles on H4 may suggest a selloff, however multiple factors required. Apply risk management. Trade with care.
CRITICAL AREA!!! Price is being rejected in this zone. We wait and see what the decision will be once price enters zone. H1 bearish price action signals will give good aggressive entry. H4 bearish price action signals will give good conservative entry. Apply risk management. Trade with care.
Cypher pattern on NZD. Micro AB = CD harmonic pattern completed with ratio confluence on the D leg. Resistance level with multiple hits, waiting to enter at break below and close below resistance to avoid stop hunt if trade is valid, no entry if price doesn't break and close below. Patience is key. Apply risk management. Trade with care.
Bearish bat pattern on AUDUSD with D leg completion at 50.0 fib retracement level, at holding resistance. High reward, low risk trade as trade in line with current downward momentum. Overbought readings on RSI, no counter-trend trading on this trade. Apply risk management. Trade with care.
Price currently showing downward momentum making new lower lows and higher lows. Broken structure around 1.27300 suggesting continuing downtrend. Waiting for price to retrace back into previous structure to trade with the prevailing downtrend on the H4 timeframe if trendline holds (Suggestion to look at higher timeframe to establish if any key support). Two...
Potential bearish cypher on the Pound on H4. Price currently trading a 78.6 fib D leg completion of the pattern at a resistance level around 1.41700. Wait for price rejection with bearish candle stick pattern and trade to the next support level around 1.40200, or exit once price touches trendline. Apply risk management. Trade with care.
This chart is showing a potential AB = CD harmonic pattern, with a potential 12.7 fib extension level at the D leg completion. We have a 61.8 fib retracement at a resistance level. Apply risk management. Trade with care.
