Price has been moving downwards respecting that trendline. Everytime price returns back to test it , it falls. This is the 3rd touch. After price mad some sort of bullish flag on the M15, broke out and retested, I will be taking a short position here. My target is the lows that have been made before. Risk management is key. If Price breaks the trendline and closes...
AUDUSD showing great potential for a 60 PIP rise. We currently have a well tested ascending triangle formed showing great areas of support and resistance, on 4hr we can clearly see this has been forming a while and is currently at a significant point which has been held numerous times before. The ascending triangle follows after a strong bullish market after the...
Good Evening Traders! XRP has possibly pre-established bullish dominance. I've identified a Inverted Head & Shoulders pattern on the 1HR Time-Frame. Looking for a smooth confirmation over the 100% Fibonacci. Price is currently sitting inside the zone of Daily Market Structure after a failed retest of the lower boundary. Expecting first upward shift to move...
i know the RSI is low but we are still below o.oo on the macd hasnt quite made a turn up. I dont know, i have lost and made money, its a tough short but when do you really get in to the long postion? its a question we all have, but we will see, thats just the 1hr chart, make a judgement based on what you see, *just a idea*
Potential LONG for EURUSD??
I'm looking for a potential long if we can break and close above key resistance at 1.08134
We are testing this level now.
If we close above, this is likely my next trade:
ENTRY - 1.08142
Take Profit - 1.08514
Stop Loss - 1.07966
Risk : Reward - 1 : 2.79
I'm waiting to clear this level because I want confirmation...