Price underwent a resistance trendline and surged from $200 up to the high $200s, about $290. On the chart I have upper and lower bound resistances and support. The two support and resistance lines, when combined, result in a price buffer zone. Between these two zones, price has been ranging ever since the start of 2014, with early February 2016 being an...
Price has opened at the support trendline today Stochastic is oversold and currently turning upwards from that area. Weak CAD can be seen in both USDCAD and here, EURCAD. Not too good R:R ratio, but this trade fits my technical strategy so I will take it. Have less emotion, and be more patient. Good luck comrades.
Just as I explained in my previous post, USDCAD is going up. (I linked it to this one) Price bouncing up off support after rejection - this rejection is clearly seen by the long lower wick of the candle below the trendline. This chart is the same as previously, but it shows how I am trading this. Price should comfortably retest the resistance at 1.3210, but my...
Waiting for price to reject the 61.8% Level Will short this to the breakout point. Risk Reward seems good.
GBP/USD short 1H momentum down RSI hitting 80 level MA200 Rejection pin bar Strong support/resistance level pin bar Daily Pivot R1 rejection Trend line rejection ABCD pattern Forming lower lows / lower highs 50% Fib retracement from strong bear sell off 61.8% Fib retracement from following sell off Enter 1:1 risk reward.
Another potential short for the week ahead.... I will be looking to go short on a CTL break and close below the 4H 200EMA. We may see this corrective structure continue to the upside to 1.44800 and retest resistance and then break to the downside. Target set at daily support of 1.41300 For more trading ideas follow me on instagram: Link in BIO
Nzdusd has rejected from 200 EMA on H4 time frame. This zone will be strong resistance for this pair in future. Now this pair is staying below near term resistance at 0.6970. Below this level, we can look for sell and target will be 0.6900 area as pointed on the chart.
EURJPY short, back on structure and nicely rejected by the 61.8 fib
Clear rejection of 50 EMA. Set you SL just above 50 EMA (in case of a stop loss hunt) and TP around 200 EMA.
I still have a long term short bias on this pair after breaking down below a key support of 1.05200 with the daily and weekly candles still looking very convincing for a big short. Lower time frames i have missed this entry here which i would've taken on the CTL break on the 1h TF. However if this moves the downside i will look at PA around the 200EMA and 38.2%...
Posting this one a little bit late but i am currently short on GBP/USD with downside targets of 1.21750. There was a nice pullback to the 78.6 fib level and a CTL break and nice bearish 4H close. Lets see how this one plays out. For more regular posts follow me on instagram: Instagram: ms.fxtrading
Here we have a beautiful high probability bullish setup A formation of a possible Double Bottom to reject the Minor price at 0.76000 Waiting for a pullback Trade safely guys !
Bearish rejection candle on the 1 hour sitting at a key level on the daily chart. If the candlestick pattern is valid look for short term or even long term holds to catch some nice pips on this pair. drop down to catch a good position to sell.
GBPUSD has retraced and looks like it has stalled a ma major area of resistance wit several confluences halting its move. another 4 hour rejection of the 200 MA and if we close still below 1.2500 i will be selling this market back down to 1.2300 which is the last significant low. if we break that level then the pound could be in trouble
This pair is very unclear of what it wants to do so Im going to short it based on the long rejection on the bearish side. Prices are not moving higher and I'm expecting to catch some good pips as we retest the lows,
USDJPY is showing very nice rejection signs on the 4 hour so I'm looking to buy. After the buy if it respects the highs then ill be opening a short position to possibly ride the wave down if it lines up correctly
Looks like a quick retracement action again. we're looking for a pullback up to 1.26000 max follows by rejection immediately.