We have a clean downtrend structure, clean liquid break of the previous support with super strong bearish candles. Possible retest on the resistance which also falls in line with a super precise trend line retest and 61.8 fibonacci level re-test.
- Divergence on the MACD - Break of short to medium downtrend - Overriding uptrend - Bearish USD bias - Bullish GBP bias
Long position on (EURUSD) +27 pips. Clean and simple trade setup taken earlier today, price formed intra hour support starting at 1.19506 and second bounce at 1.19590, our 3rd bounce happened with our intra hour resistance trend-line meet up, as you can see we have two trend-lines ( Support & Resistance ) red and green blocks have been added to show this better,...
Nasdaq has been stuck in a range. if it breaks resistance 13855.00 it'll push higher to create new highs at 14000.00. whilst on the bearish side if price breaks the counter trend line. it'll head towards the next level of support 13666.00 to 13530.00
FX:GBPUSD SELL WITH PB THE ZONE AND SEE SIGNAL BAR AND ENTRY BAR AND SETUP 1RISK/+2REWAR D
we have a great time to trade on the nzdusd. after the breakout, the strong channel market already tests the bounce zone. so now we can enter the market with our risk management
EUR has seen strength the past week or so an the CAD has seen weakness, we are seeing consolidation on the lower timeframe so we have set up this buy if price breaks the consolidation to the upside, we will look for exhaustion and entry confirmation for a buy to our next major level of battle between buyers and sellers. we will monitor this one closely as we...
With dollar strength, um expecting a major decline on gold. if price breaks the C.T.L it'll retest it for a push downwards. or a lower high will be formed thus expecting a lower low.
- Strong momentum - Previous legs down have been sharp - Similar corrective move
PRICE COULD POSSIBLY RESPECT THE DESCENDING CHANNEL AND FALL FROM HERE.USE PROPER RISK MANAGEMENT
Reasons for trade: - Price retesting resistance - Bearish bias - MACD cross going down - Moving averages above price - not in order yet