Here we are on Dollar/Swiss Franc daily chart, As we can see this market has been pulled back towards its old resistance / new support which is nearly at 0.9835. If this market holds this level as new support (buyers zone). we will be waiting for market to test on this level and print bullish signals having good confluence factors in our hands such as new trend...
Price has just rejected a short term resistance with a long tailed pin bar. There is a sell opportunity for those of you who missed the previous short setup at key resistance (neckline).
Price reached to a short term support at H4 time frame and formed a long tailed pin bar. There is a good opportunity for those of you who missed previous long setup in daily chart.
see my profile for full analysis of eurusd eurusd pullback to break-outed line and then going to sell position again.
Higher highs and higher lows maintaining recent uptrend. A break and retest of the resistance should see us testing 52-wk high.
Finally price broke the neckline and formed head and shoulder pattern in EURUSD. I'm waiting for price to rotate back to the 1.16700 level (neckline) to get short.
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Price has reached to a very strong weekly support zone. Conservative traders wait for a bullish candlestick confirmation to get long. In the other hand, more aggressive traders (me included) don't hesitate and buy around this support zone without any confirmation.
After a strong bearish move to the down side, price reached to a strong weekly support zone. You can either wait for a daily or H4 bullish candlestick pattern to get long or you can blindly take a long position around this support zone.
Price has reached to a resistance zone and rejected it multiple time. Now it formed a bearish pin bar near resistance zone, which gives me a clear bearish signal.
Simple technicals. Previous resistance breached and retested as support.
Currently heading north to a significant bounce point, it will tie in nicely with the outer Bollinger band. All I need at this level is the correct candlestick pattern and I'll jump in short with target 2:1 at recent low.
Validated confluences 1.Weekly/Daily Resistance strong 2.Price action: Inside bars 3.Profit margin 1:7 4.No major support until 1.6600
Validated confluences 1.Weekly/Daily Support broken Resistance valid (strong) 2.Trend Trading 3.Profit margin 1:3 4.No major support until 1.4620 desirable profit margin 5.Trend-Line broken (Strong Validation)
looking to sell usdcad after break of trendline and retrace as described on the chart. Best of luck :-)
EURMXN Bullish Engulfing at support, potential move to the upside from the 21,103-21.186 area.
Validated confluences 1.4hr Trend-line broken (uptrend) 2.Support broken Resistance valid 3.Profit margin 1:3 (minimum) 4.Price action high on the curve 5.Price action shooting star on daily timeframe