as you can see the big bearish bar close below the kijun and tenkan. this bar close over 1/2 the prior bullish engulfing bar. It mean the seller is stronger the buyer also, the volume for this bar is bigger sma 50 volume, I mean this bar is good signal for open short trade plan profit
as you can see the big bearish engulfing bar with high volume bigger than sma 50 volume and close below kijun & tenkan the price will go down so I recommend for you open short trade plan profit
Short Opportunity - Read description. Quite straightforward, targeting the demand zone at 1.2056 area. May go down further but will be looking to take most profits at 1.2056 region. Could get close to the major 1.20 support level. TRADE IDEA --- NOT AN INVESTMENT OPPORTUNITY
Bearish hidden divergence spotted. It could make drop of more than 50 pips. Make sure to enter safely because of the news events.
Breakout Long @ 78.82 Tp 79.163 SL 78.600 Trend continuation.
Overall on the H4 we have a bullish market structure. The price is approaching the flip zone and as u can see creating a falling wedge pattern and the MS on H1 is down. Wanna see a break of MS on H1 after which we can go long on the pullback.
Breakout Long @ 1.7092 Tp 1.7132 SL 1.7051 Countertrend long. Lengthy extension of ma20 on the daily. cup&handle formed. Strong area of support for GBP. News
Breakout Long @ 0.7441 Tp 0.74690 SL 0.74145 Trend Continuation. Reduced Risk Profile having in mind we're trading inside a daily supply/demand zone and the extension from ema20. The price might pull back closer to the moving average before or even after breaking the key level.
Breakout Countertrend Long @ 1.20328 Tp 1.20568 SL 1.20084 Bias is still bearish on the short term. Price hasn't hit daily support yet. Use caution - reduced risk profile.