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.
GBPNZD has broken the neck line of a support zone. Price can possibly pullback and retest this support and resistancce zone before continuing to sell. Drop to a lower time frame for a better entry.
Price is currently in a long term uptrend and has been making higher lows and higher highs. Price recently broke above the most recent swing high. Monitor closely for a potential retest to the support zone. If price pulls back into this zone, drop to a lower time frame and wait for a reversal pattern to form before taking this buy.
This pair is currently in a downtrend and has been making lower highs and lower lows for approximately 1 month now. 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.
Currently in a 4H range, price recently formed a double top at this resistance zone and it's possible that price can drop to this support zone to create a double bottom. If this happens and a reversal pattern forms (on a lower time frame), wait for the pattern to fully form and enter after the breakout. However, if price breaks through either zone, wait for a...
Price has dropped lower than the most recent swing high which is one of the first indicators of a change in trend. If we get a retest at the resistance zone we can wait for a reversal pattern to form before entering a sell. It would also be possible to enter a bullish trade back to the resistance zone once this idea plays out.
EURJPY is currently within a 4H range. Price recently formed a double top at this resistance zone and it's possible that price can drop to the support zone to create a double bottom. If this happens and a reversal pattern forms, wait for the pattern to fully form and enter after the breakout. However, if price breaks through either zone, wait for a retest before...
Breakout on the H4 time frame. Wait for price to pullback near the support and resistance zone before entering a buy. Look for a reversal pattern in this zone before entering a bullish trade.
This pair is also forming a similar pattern to AUDJPY. We can see signs of rejection at a Daily resistance zone. Price has also made a lower high which shows that bullish momentum is slowing down and the bears could be taking over. We can see that a pullback is forming and price can decide to continue buying to the Daily resistance zone OR make its way back to the...
On the H4 time frame we can get a clearer picture of what price is doing. Previously price made a 3rd hit to a Daily trend line and if price continues to respect this zone, it can make its way back to the trend line for a 4th time. If this does happen along with price showing resistance at the trend line without breaking through it, we can look to enter a buy at...
High risk fakeout sell setup. Against the 50EMA (Which its reacting to on the 1HR now) so it's high risk. Also against the overall trend.
Hello guys! I will keep it compact as always: 1. Trendline is broken 2. Support zone is broken 3. Support became resistance 4. Momentum is underneath the EMA50 5. Now waiting for a pullback with some rejections on the 15M timeframe. 6. If it breaks resistance zone with some long candles, then I will be looking for buys after a pullback with rejections...
Going from trade multiple pairs and now focusing on one currency pair for awhile has taught me to never believe that you are 100% sure about what price "will do". I have learnt that including multiple outcomes in my analysis is one of the keys to making better trading decisions. Therefore, the above chart shows 4 possible setups that could potentially take...