Price broke the descending trendline, bounced from daily support of 1.30437, broke daily resistance at 1.31520 and is going back to retest it, forming a nice head and shoulders patterns. My eyes are on 1.33154 weekly support to be tapped. #tradesafe #managerisk #theforexdaddy
After several tests, price finally breakout the key resistance area
And is now pullback to the area to say goodbye and the last kiss.
Strong support from buyers in this area could push prices up again.
bulls are sharpening their horns to fight bears in the area.
If the bears won, the price will be corrected to the Fibonacci levels.
This is a major watch in...
The trend broke out and I think a short retracement maybe is for Last kiss on 61.8 Ret-Fibo Level and then pull back upside to the neckline for completing head and shoulder pattern and also there is a flag pattern so it may lead the price to higher levels.
Daily chart on aussie dollar looks really bearish. We had a nice break of the institutional/key level of 0.67 and looks like price is going for a last kiss. This idea also correlates with 50day EMA. Personally would prefer some price action candlestick to take place at the propose level.
Retesting the area
Just entered on this one, had a previous Sell limit on 1.3275 but didn't get triggered, now we broke the trendline and just retested the sup turn res. on the previous days we where compressing the price, at first i thought of some sort of an M formation instead of a continuation triangle, because the level that the...
Broken consolidated zone
rebound on the Emas
Higher TF matching bias
We broke past the consolidated area, which was tested over and over. I think that the given SL is a bit narrow, but is what the structure tells me so.
The next TP is given the monthly level, be ware that the Buy limit is set, we have just broken and we are now waiting for a 'last kiss'
Nice double top here, NY choppy wick time, then shows sweet doji on 15m tf signaling the drop after the retest of neckline/last kiss on the double top
while the overall trend is bearish
pretty awesome RR for scalper to next zone, small pips to W or L but consistency is what matters most
another great confluence is the 15ema 200ema cross we see right as the entry...
Risk Reward 3.21
Coming off a Triple Top (Blue) on higher tf (as seen on 4h), Smaller tf (look 1h) a double top (orange), Daily candle FTR pattern, 4h Inside bar Bull fake out pattern
Momentum is down, accelerating faster pushing to break the zone, wait for clean break, retest of resistance which used to be support, candle stick signal like an engulfing for...
sexy price action
break and retest of level (last kiss)
morning star on 5m RailRoad Tracks/tweezer bottom on 15m and bullish hammer 30m
Eur momentum is up after retracement
keep it simple and follow price action
target is R2, could also trail stop and see how she goes
here is a nice example of a break and retest (last kiss) as well as a fibo retracement lining up right with the support & new resistance
double top and neckline retest
taking it from zone to zone, from .5 fib retracement resistance zone to the support zone and extension area of -272
another confluence is 14 and 50 ema are under 200ema
32pip profit here if u tp'd at -272
With the DXY showing some weakness during the NY Session it can be said that a pair like GBPUSD will push back to retest the 0.681 Fibo zone making the last kiss and from there proceeding with the downtrend to complete the double top pattern.