Previous resistance has now become a support zone. Look for reversal patterns at this zone and take buys as long as price continues to respect its new found support zone.
Price has been in a clear steady uptrend with higher highs & higher lows. We are waiting for price to retest the indicated broken level for buy entries.
Price has broken above a 12H resistance zone, retested it as support once and has returned to this zone for a second time. Drop to a lower time frame and monitor for a reversal pattern. However, if price decides to break through this support zone, drop to a lower time frame and wait for a retest before entering a sell.
So using the 4 hour timeframe, a once strong resistance zone has been broken and also retested. We should expect a long term but on this pair. Also be careful to get a good entry. I would advice to wait for the MACD to cross before entry
We have price 1.08364 acting as strong resistance as it acted as strong support previously. I am expecting price to bounce from this area to reach price 1.11929 long term. Simple break and retest strategy
Idea for a long if we break and retest this zone - risk-reward is a set 1:3
This pair is currently in a very steep uptrend. Price cannot maintain a move like this for an extended period of time without there being a correction. At some point price will breakout of this uptrend and begin to sell. You can set an alert and wait for the sell or wait for price to pullback to the trend line and enter additional short term buys in the meantime...
Price has broken our 4hr downtrend line and is currently retesting the backside. This looks like good entry areas for long positions.
Price is currently near a resistance zone. Drop to a lower time frame and wait for a reversal pattern to form. Enter a sell once price respects this zone and breaks out of a reversal pattern in the direction of the trade.
This pair is currently in a downtrend and has been making lower highs and lower lows. Price recently dropped lower than the most recent low. This signals to us that it's possible that price can pullback and retest this zone before continuing to sell. Drop to a lower time frame and wait for a reversal pattern to form before taking this trade. However, be careful...
Price is currently in an uptrend. Wait for a pullback to the support and resistance zone before entering a buy. Drop to lower time frame for a better entry.
GBPAUD has recently broken out of a previous support zone. We could possibly see a retest at this zone before price continuing in a sell. Drop to a lower time frame for a better entry after a reversal pattern forms.