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...
Confirmations: - Possible Head and Shoulders pattern (right shoulder currently forming). - Price could possibly hit the H4 trend line for a 4th time before selling. - Break and possible retest in this same zone. - Multiple lower highs which could signal a change in trend. All of the above confirmations combined create an "energy zone" based on my trading...
Break and retest of the previous support complete, I now expect a drop to the previous swing low.
After several tests, price finally breakout the key resistance area And is now pullback to the area to say goodbye and the last kiss. Strong support from buyers in this area could push prices up again. bulls are sharpening their horns to fight bears in the area. If the bears won, the price will be corrected to the Fibonacci levels. This is a major watch in...
GJ, my bias going into the week is bearish, the blue structure is a key level on H1 TF, i will be waiting for a break of the structure and a retest, for potential move down...
Price broke the descending trend-line, wait for the retest at the marked zone then buy. This is a swing trade idea, keep a close eye to the market on the following week to see the full retest
Classic break and retest. The weekly candle is bullish indicating a strong buyers market. Bullish trend line confluence with candlestick confirmation pattern within the Fibonacci golden zone. Price broke and closed above SMA's. Looking for price to reach 139.750
2 possible entries. Wait for double top or wait for break and retest of the zone indicated
2 possible entries. Wait for double top or wait for break and retest of the zone indicated
A potential sell trade on USDCAD when price gets to the swap zone, also it’s a break of structure and we would look to see if price rejects the structure for the move down...
A break below of a key level on the daily TF,the H4 chart shows rejection of the fib level which indicates bullish momentum, will be watching carefully for price to go retest that key level for a move down, after the move up to retest the structure.. Kindly follow and like. Cheers. Have a great trading week...
I believe gu will retest previous resistance before continuing higher
Are we seeing the start of some USD strength? Nice bullish candle to break the descending trendline and 50MA Would like a pullback to retest the trendline and reject the golden pocket area of the FIB creating a new higher low.
Reason for Entry (RRR) : Trend overall bullish, Level 2 MM (Market Maker) Cycle, Break and Retest of 1H Resistance, Hammer Candle printed on the 15m Outcome : Feelings going into trade : After studying the Market Maker Method these last few days, this entry became clear as day and I feel way more confident entering off of the 15m now. TP1 nearing before I...
Going off the update in my last post, The bulls have managed to secure a bullish 4hr candle closure breaking the trendline now we will look for a retest and rejection to solidify a bullish victory and enter our trade. Beyond technical analysis we will be monitoring the strength of each currency pair and how AUD reacts to tonights news event.
XAUEUR, we have a bearish hidden divergence formation, and also a break of a structure and a clear rejection of the TL, it’s a 500 Pips move, catch it if you can, FYI that’s a daily chart, go lower the catch a good entry. I will wait for the daily candle to close for more confirmations.
GA in an obvious downtrend, now we have a break of a key level and price coming back to retest it, waiting to see price action then going short on this. We have our Fib also....