Lets see if the 1H structure shifts for a possible sells on this pair
Waiting for a corrective retest of the range box for further buys
As you can see from the chart above price has broken an upward move and is now retracing, i have identified 2 areas which are confusing me as do when to enter, should i look for entry at 1 or hold out to area 2 which is also the origin area of the last upward push? any advice is greatly appreciated
2 possibilities but still bearish Bias
Looking at the Dollar Index we can see a Double bottom and an Ascending Triangle formation on the neckline to break the barrier for the dollar to strengthen. Ascending Triangle is a continuation Price Action pattern So we can see the Dollar strengthening against all the Major FX pair. Watch out for that move.
Hey Boys and Girls, EURCAD is setting up nicely here. Weekly: We have a nice upward trend happening, that's bouncing off previous structure resistance turned support Daily: We are bouncing off the monthly support, we also have a pretty wide gap on the EMA's, which indicates a clear push to the upside is inevitable. 4HR: This is the sauce, price has...
Price is taking good support level. LONG position with T1 350.
An inverse Head & Shoulder have been formed and a possible long entries await on Neckline Retest
Wait for the correction to happen
The 4H Imbalance have reacted and now just waiting for the Daily structure shift to confirm the sells on the retest pullback strategy
Wait for the 4H structure shift for possible buys as the prices are still with in the ranging box
Wait for the 4H structure shift to confirm sells
Currently, AudUsd is at the verge of creating a head and shoulder reversal chart pattern. At this point, it's not wise to hurry into a trade so what I'm going to do is that I'll wait for the price to break the neckline of the head and shoulders (give at least a daily close below the neckline). If the price will break the neckline of the head and shoulders pattern,...
Break of upward trend, price looks to retrace to a zone which shares 0.618 area before going long again
learning the price action based indictors and how to utilise this in my group of trading strategies.