Hello everyone! I will keep it compact as always: 1. MA 8 crossed MA 50 2. Support broken 3. retesting support that became resistance (fib golden zone) 4. If it cannot break above you know that it is a downtrend 5. enough confirmations Simple break and retest strategy I hope you like it!
USDCHF coming closer to our preferred entry level at the ascending trendline, also corresponding perfectly with our 0.618 Fib retracement level. I'm hoping to see the trendline hold and bounce, otherwise my nullish sentiment will be changed completely if it doesn't.
GBPUSD has formed a double top for the last few weeks, which is a bearish sign. A weakness of the Bullish trend. It broke the 1.2200 Support Area and bounced off around the 1.2100 area. Currently, the cable/GU will retest the 1.2200 as a resistance, and might break it as well as the bearish trendline. If it breaks both the trendline and the resistance, Idea is...
Looking for a retest of the channel it broke out, tot hen push down to previous support which lines up with the -127.2 Fib
CADCHF retracing back towards our respectable trendline, which also corresponds well with our 0.618 fib level, as well as the previous resistance area.
EURJPY currently finds itself retracing back towards our respectable descending trendline. I'm hoping to see the price retest our 0.618 fib level, which is also sitting at a previous resistance level, and head on downwards from there!
Looking for a pull back to retest last months low as it broke. Price may push up higher into the 1.22 or a bit deeper and retest TL
GOLD: Eliot wave analysis on triangle pattern & retest strategy Here is another strong and clear confirmation for GOLD Long. Technical indicators are more in the upward side after the rejection after retesting the uptrend of the local triangle pattern (It is a reccurence over the hole week as u see in the chart, and that reflects the buyers...
GOLD /USD Long position after confluence, Triangle breakoutPullback: retesting the local triangle upside: Short-term analysis - GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it...
EUR/USD Long position: after rebounding on the weekly gravitational-trend and a very strong support. It is clear that EUR/USD will start bouncing again at the top highs after a big accumulation that comes across a very sensitive strong support and a confluence rejection after retesting the gravity-trend of the triangle patterns.
Hey all, Price bounced of demand zone @ 1.79391 leading to a breakout of downtrend and previous upper structure. Awaiting enter on retest and confirmation of structure support. TP @ 1.80782 for 136 pips Thanks.
After having a clean break of our descending trendline, the market finally decided to retest it once again providing us with a potential long opportunity. Simple trade set-up: BUY STOP @ 1.05360 SL - 1.05162 Target 1 - 1.05520 Target 2 - 1.05779 This is NOT a financial advice, trade at your own risk!
Price previously made a retest on the trendline, but we are shorting this pair due to the recent support made resistance formation. I think it is a good idea to go short.
selling eurusd for 3 reasons : 1 - the price reach the golden zone of fibonacci 61.8/50 2 - the price break clear support 3 - the price retest the broken support that turned to resistance now
Wait to see signs of buyers entering the market. Confluences: prev. structure, 50% fib, 1hr 50ema, retest of wedge TL
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H2 - CADJPY - we can see the breakout with a close occurs, a retest is on the way ... we re waiting for the reversal signal. if you wanna see more updates or setups, follow us! don't forget to hit the like button!