Looking to buy at 1.1719, sounds familiar? Yeah, it was the previous resistance, turn support. Although there is a strong bearish movement on EURUSD, the bullish trend is still in play. Candle formation on the structure will be key.
GBPAUD is well supported at the minor structure. Trade has already been placed as target1 provides a 1R and target2 I've decided to keep it as an open target.
The price will either respect the trend-line and bounce or break out onto the next resistance with the green dotted line .... so we use the candle patterns that form on the supply and demand zones to find the reversals
A DAILY PIVOT , H4 CANDLE PATTERNS , AND H1 TRIGGER LINE BO GIVES US A STRONG BUY POSITION BY : MOHAMMAD REZA EBRAHIMI MOGHADDAM #B_W_I_X #FOREX #IRAN
this turn around is bound to happen
USDMXN IN GOOD SUPPORT AND RESISTANCE ZONE FROR BUY. WAITING PULLBACK FOR ENTRY
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.
Market move towards 1.3402, as long as it didn't break and close above the resistance(red line) I will be looking for shorting opportunity to continue the bearish trend as a trend trading setup.
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Patiently waiting for a mid-week reversal. Price action rejecting 123.000. Some fundamentals taking place as well.
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Resistance line at 1889, there was price rejection a few time the candles have stopped right before that and back down to support 1883. Until that resistance is broken there will be this ranging of areas. ----- OANDA:XAUUSD Gold seems to be respecting the support/resistance areas confirmed by: trendlines , support, pivot standard, and Fibonacci levels. It is a...
Candle pattern forming to bring about a retracement then a long=buy incoming
EURGBP has found substantial support just above the 0.91000 even-handle number. Price is ranging above the level and then Daily structure shows that the Bullish outlook on the pair is probable as the structure remains Bullish. We can expect EURGBP to find enough liquidity to retest June's High this year at around 0.91754. We can look to go Long if the 4H breaks...
as u can see after the price arrived in my target done in previews daily chart analyse. now we have inverse candle pattern in 4 h time frame which is confirm with cci divergence .... i except the price falling down to the first support about 285- 291$ i know is less than 0.5 fibo correction but because of the fomo in market this support is much more...
Waiting for a shorting opportunity after the candlestick pattern confirmation within the sell zone.
USDJPY is on a bearish trend, I will be waiting for the trade to head back into the sell zone(pink box). Alternative, I'm waiting to short at the level with the dotted lines.
As the market break and close above the previous high, It has shown a bullish trend. For trend trading, I will be waiting for a retracement back into the support level and wait for a buying opportunity. Counter-trend trading, I will then be waiting at 1.1719 for a double top to engage for a shorting opportunity.