On high watch for the next 24Hour, Our higher Time frames is showing a completion of the ascending channel with the break
and now creating a continuation flag.
Will be waiting to get in off a risk entry off the third touch of our flag.
If price breaks early will just sit back and wait for a larger flag to form.
We are seeing price respecting our support zone in this ranging markets. over all trend on weekly time frame is still to the upside. waiting for our minor trend to be broken and tested before entering a long position on the 1hr chart. looking for a good 3/1 risk reward on this trade.
Happy Trading.
Have been watching this pair for almost 2 weeks now waiting for good price to bounce off resistance on this ranging market.
I have entered a short trade already with a 2/1 risk reward and will add to the position once price breaks and retest minor trend line.
Happy Trading.
We are currently seeing price touch on our Daily resistance level and daily down trend. waiting to see if price will break out of our 4HR trend line and have a small pull back test to confirm a short continuation.
Will update if price breaks out.
Currently waiting for a double top on the 1hr chart off the resistance zone. Also waiting to see a break and retest of the minor trend to confirm
continuation before entering a short trade.
cheers.
Oil has slowly been trending up all year. We have seen several touches of our daily trend line being respected, creating new resistance and support levels.
currently waiting to see if oil will break 57.7 level then retest for long position. could poetically see price pull for another touch of daily trend line.
retest after a head and shoulders pattern has played out, with double top of daily resistance zone. Will take short trade at market open. trading down
to daily support zone.
Seeing a fourth touch of the weekly downtrend. price is bouncing off daily resistance zone, now waiting for a break of the trend on the 4 hour chart
before entering a short trade. 50pip stop loss with 4-1 risk reward
Had a strong push to the downside after daily resistance level was touched.
waiting for a pullback to test minor zone to create a downwards continuation trend on 1 hour chart.
Also aligns with 61.8% fib for extra confluence.
this pair has just broken out of daily downtrend. waiting to see what it does with this minor support forming.
will enter long if price action plays out as shown.
Will enter sell if support is broken and tested and move down to daily support level.
testing minor support on 15minute chart.
waiting for break to the upside.
trade will be invalid if support is broken and tested.
only enter if break is tested with bullish evidence.
Daily resistance test and moving towards support,
created a higher low.
created a descending triangle with a downside break. retesting just waiting for bearish candle to enter on.
