Both Momentum and market price are approaching resistance points. The entry point is also set at the 200ema which if broken would make the trade invalid.
looking for this pair to drop down to support area of 1.48400 zone
Test and fail of the downward trend line, as well as 2nd test of 50 Fib level, indicated a valid short entry. Price breaking and closing above/below any of the trend lines would mean that this setup no longer valid. Good sell opportunity until 1.4800
Hey guys, this analysis is going to be long, but i want to explain how i view the market and i do my top down analysis. As we can see on the left, we recently broke and closed below an important structure level (blue line) and this means we are in a downtrend. Our bias now is bearsih, and we want to be involved in a short position. Nonetheless, we can't set a...
Double Top Setup #1H Entry: 1.5013 SL: 1.5105 (-92) TP1: 1.4916 (+97) TP2: 1.4873 (+140) TP3: 1.4830 (+182)
Double Top on #H4 Entry: 1.5063 SL: 1.5219 (-154) TP1: 1.4985 (+77) TP2: 1.4891 (+172)
I am liking the look of this potential setup on the EURNZD. We have a downward sloping resistance line, upward sloping support and horizontal resistance (role reversal) all coinciding with the same point (approximately). It is likely that we might see some volatility around this point with a lot of contradictory views over the importance of these lines - however,...
Afternoon traders, I trust everyone is enjoying their weekend and looking forward to the open.. here we have a great opportunity to get long on this pair in to previous structure with an attractive r:r #roadtomonaco Your comments and likes are always welcomed, thank you. www.tradingsignalreviews.com
We can place buy stop on the breakout of doji bar. it has retouch the broken level and formed doji.