Price broke though daily support with a bearish engulfing candle, & the previous candle before was a doji candle on the daily rejecting the 200 Ema. This is a big bearish reversal sign, so now I will be watching for a reversal candlestick to the broken pink zone retested as resistance, for potential entry! : )
Double top here to weekly resistance, also a potential shooting star rejection from this weekly candle closure to a strong zone.. Will be waiting for a break of support & the 4 hour uptrend line for shorts down to the initial daily uptrend line.
Price rejecting off a strong demand zone, where price could see a potential reversal back to the upside after a lot of bearish movement the past couple weeks..
Nice potential setup lining up here for next week.. Price breaking above a weekly resistance level 1.55500, & is now at channel/38.2% fibonacci support. If price closes for the week above where its currently at, I will look to go long next week with a great R/R Ratio.
Price broke daily resistance & validated as support, price should now make its way up towards 1.80000
Watching price for a breakout of bounce.. Price is rejecting off a strong weekly zone, we could see a potential reversal with cad pairs.. I will let price action tell the story
I am active on this trade, price broke back above a supply zone, now validated as support. Very good risk to reward ratio & potential swing trade here.. Stop loss is the red line Trade safe & let the pips be with you :) !
Price now reaching a strong key level of resistance now, buy orders are closed now watching for a reversal candle for entry on the 4h
At resistance.. Watching for a reversal candle stick or a break back above & retest of broken resistance turning into support again
This pair is setting up for a potential bullish reversal, hitting a strong demand zone on the daily time frame..
Falling wedge reversal pattern watching for a break & retest of the supply zone & trendline for price to start making its way back to the upside
Potential setup lining up here as price made a bullish engulfing breakout through supply zone, now coming back to retest where I will look for a reversal candle to enter long..
Price making a potential double bottom to a daily demand zone, now watching for a break of the descending trendline for a possible reversal back to the upside.
Previous resistance now support, watching for a breakout now..
Price rejecting off strong key level support, now broke above the 38.2 & I will be watching for a break of the CTL for longs up to create a new higher high
Interesting setup coming up here on this pair, 4 touches to the ascending trendline & price broke a weekly resistance level. Expecting a new high on this pair soon
Price currently testing a supply zone, now watching for a break & retest for entry for longs up to 1.26000
61.8 Fibonacci retracement rejection pullback is now complete. From here we can see price potentially start making its way back up since it is in an uptrend.. Interesting pair to watch this week