USDCAD has broken out of its consolidation range and has given a nice retest of the previous structure of price within the 61.8% fibo zone. WIth bullish movements of this zone will indicate a new impulse in the market to take it to the upside.
This was a slow moving pair for the last couple of weeks. It got a mini jolt late last week, so let's see will it continue further down, or just find the strength to keep on climbing.
Looking for multiple tests on the counter trendline to see if the price will breakout for the return to the weekly, or respect it and keep tumbling down to the daily level and...
Here we have a Break + Retest on GBPJPY. We are in a bearish market so we are looking for a sell and here is a great time to enter a long term swing for GBPJPY sell. I am expecting it to respect the trendline here from the double top rejection that occurred. You can see my target prices and stop loss for this long term swing. THIS IS SWING USE MINIMUM Lot size as...
The previous trade on this pair got stopped, but like i said, tight stop so one can re enter
I noticed that i poorly draw the previous line, now i think we have confluences going down, but not just yet.
Bounce on the trendline
rejection of the montly level
huge wick rejections on the area
what stoping me: the purple support, i would wait for a...
As i write this my order got filled
We see bearish momentum, the price broke the support and has been consolidating (if not i would be looking for buys with a W formation, but is not the case)
We also see that the price came close to the 50% fib level and the next level is just above the 27% fib extension
This one seems pretty simple, i did not catch the bounce on the monthly, it matched all my criterias, but now se have a break of the level and a retest on the same, tight stop loss in this one, jus because is a continuation, lets see what happens.
Strong buying pressure on higher TF
Trendline (blue) breakout and wait for retest before we are going long.
The ideal area for going long
-daily support area
-61 fibo retracement
And still, we need buying signal/price action in that area before we execute.
After seeing price in a clear bear trend since late January, we have finally seen a break & retest of the descending trend line, pushing price close to the daily resistance of 1.04500, creating a new higher high which of course should follow with a higher low. I have hi-lighted the triple spinning tops as this indicates price exhaustion and a reversal /...
Daily Bearish, overall Bear trend
Emas confirms bear moomentum
1h to ilustrate
we broke and retested important sup/res
I think that the price will come steping down this levels, we have a overall bear trend and passed a bigger price barrier
We also have a Close trendline, so i'll be keeping an eye if i don't see lower lows being made and switch for a long if we...
Retesting the area
Just entered on this one, had a previous Sell limit on 1.3275 but didn't get triggered, now we broke the trendline and just retested the sup turn res. on the previous days we where compressing the price, at first i thought of some sort of an M formation instead of a continuation triangle, because the level that the...
HKEX:291 has formed a head and shoulder pattern. The right shoulder is also a double bottom pattern.
MACD divergence occurred at two previous point on 1st Mar and 14th Mar.
MACD showed a buying signal on 18th Mar, which broke two recent tops and also the resistance of the head and shoulder pattern.
Cut loss @30.7
Target 1st target @35.65, 2nd target @40 to new...