If you take a look at EU on the smaller time frames you will notice a head and shoulders pattern that is playing out quite well. Right now the head and shoulders pattern looks to be retesting the neckline as the markets came to a close. On our higher time frames you’ll notice the daily candle has broken the low of the previous candle. On top of all that its at a...
BREAK AND RETEST OF FORMAL STRUCTURE ASWELL AS IT WILL REJECT .5 FIB AT THAT LEVEL WITH BEARISH DIVERGANCE AND CREATE THE TOUCH ON TREND LINE GOOD 1;6 PENDING
AUDUSD is showing uptrend on daily, currently retesting important support. On H4 this pair already showed double bottom. One more confuence is bullish COT data for AUD. Placing a buy limit, expecting slight push to the downside and then up to test marked levels of resistance.
Waiting for a clean structure break and then we go!
CHFJPY is showing LL and LH on H4, recently broke important level, which acted both as resistance, support, and now we can expect it to act like resistance again. If the price will show signs of weakness during possible retest, then chances are we can see one more bearish push.
USDCHF closed on the daily timeframe right on equal highs This is break and retest strategy Currently price is below the 0.92000 key level Awaiting for price to break above and test, there is a small 1 hour resistance right at 0.92000. Once price breaks above this, this is a valid buy. Stop Loss below the support level.
Again break and retest of a key level. Joining?
Price is currently in a pullback on the 4H chart. Drop to a lower time frame and wait for a reversal pattern to form before taking a bullish trade.
We got price holding at weekly demand i had drawn up ( green zone ) and is creating support as you can see on the 1 hr timeframe and the 30 minute timeframe as well .Price can either break demand retest and follow through or reject and go to the upside , from what i see im leaning towards the idea of price going towards the upside BUT , you can never be to sure ,...
UsdCad's on the watchlist today,, Break of the channel and currently re-testing, I'm going to wait for the 4h candle close before deciding on a trade, We have 2 target options,, TP1 - daily ema around 90 pips TP2 - top of the chanel (long term)
Price could decide to reverse in this support and resistance zone and continue selling. Or we may get a 3rd hit to this trend line before we see the start of another bearish move.
Long Break and retest + lower timeframe entry and higher timeframe target H4 or H1. 38% fib retracement lines up with the zone aswell
Price has broken out of a long term uptrend and has formed a lower high. Wait for price to pullback and then look for sell setups. Happy trading!
LONG - Break and retest + confirmation candles on smaller timeframes (1hr). Big reward risking 1%.
Price has broken out of a Daily range. Price could decide to retest the zone which it just broke through. If not, drop to a lower time frame and look for other possible bearish setups. The green support and resistance zone could be an area to look for buys once price respects this zone. Happy trading!