Price in a downtrend, now coming back again to reject off a 4 hour supply zone, & I will now watch for a reversal signal to enter short down to the previous lows & a new possible lower low..
Price just Bounce off from the 61.8% Fib level and it closed around the monthly pivot point. On the weekly chart, This pair is in range, but I'm expecting for it to retest the range border and break it. As mentioned, price on the 1D stalled on a slope support. The last 2 candles of the trading week formed into a Doji. Look for a nice setup on the lower TF. I...
Price broke its counter trendline with a bullish engulfing candle. Price now going towards a supply area, where I will be watching for a reversal candle to continue the downtrend, or a break above for a deeper retracement up to daily resistance (Purple zone). On the watchlist for the upcoming week!
Price made a strong bounce off its daily ascending trendline, & price was showing a lot of pressure to support, showing that a strong move was to come. Now since price broke the counter trendline & is breaking back above resistance now, I will wait for a 4 hour candle close above this zone & a retest to the 61.8 fib level is where I will look to set my entry.....
Price is at its initial trendline support, rejecting off daily support with some serious wicks.. Will wait for price to give me a better sense of direction.
price following a nice downtrend, will now be watching for a break of support & retest rejection for continuation down to the next area of daily support..
Seeing a good potential short opportunity here.. Price retesting broken support as new resistance, & is at the 50% retracement level. Will be watching for a break & retest of the 38.2% fibonacci level for entry
Price has been rejected by resistance level.
Back at support & the bigger picture daily ascending trendline. Will watch price action for a breakout or bounce..
At trendline support, where price could see a potential bounce from here..
We have the beginnings of another reverse head and shoulders forming, with a clear neckline. Fib support was perfectly formed and given the recent shifts in USD weakness, this trade has great potential.
Price action still looking bearish even though Nzd came out stronger after talks on monetary policy. Will keep an eye on this setup for a break & retest of support turned resistance for shorts..
Trendline breakout, pound news shortly I will look to potentially enter on the retest of broken support, or on the break of support..
NzdUsd - H4 I prefer shorts on current levels due to technicals and market sentiment which favours a stronger dollar at current levels. Major trend is still down for dollar so this would be considered a counter-trend trade
Watching for a break either direction. Price does look to be getting ready to repeat its self though.. Will wait & see :D
Potential break & retest here, now would like to wait for this candle closure for more confirmation..
Key support broken now testing as resistance, will be watching for a reversal pattern on the lower time frames for entry confirmation