Price rejecting off a strong daily supply zone, which buyers were unable to break above. Looks like price broke its trendline, & price can see some bear rallies this upcoming week
Price broke its weekly uptrend line, now sitting at support. I believe price will make a slight pullback up to retest the 61.8 before potential reversing to create a new low
Price looks to have broke its descending trendline, & is showing sensitivity to daily support. Now looking for potential entry on the retest as I believe price will start making its way back up
Watching for a breakout of the Ctl & resistance for potential longs. Price showing a bullish reaction at 132.000 weekly support, moving away violently & failed to break daily support 133.100 on the daily 5 times now. I can see this pair potentially reversing back to the upside
Price action still looking bearish even though Nzd came out stronger after talks on monetary policy. Will keep an eye on this setup for a break & retest of support turned resistance for shorts..
Price made a strong reaction once tapping 132.000 strong weekly support, now price looks to be respecting support level 133.100 on the daily, so I will be watching for a break of the CTL for potential longs up to 134
After being stopped out last night, price is now at a decision point for gold.. We have reached the descending trendline, now I will either watch for a rejection or a break or resistance & retest for continuation to the upside as price looks to be breaking structure. Patience is the key!
USD/JPY SHORT, break of the box it has settled in for the past few weeks. Looking for a close outside the box and a retest of the underside of this box or the supporting weekly trend line it has also broken before entering a 3:1 risk reward trade.
Potential setup lining up here as price made a bullish engulfing breakout through supply zone, now coming back to retest where I will look for a reversal candle to enter long..
hi, i'm waiting for the retest of the trendline to go short...in the yellow zone we have a good confluence of trendline, support/resistance and the 38.2 of fibonacci retracement!
Potential setup lining up here, previous support now turned into new resistance, & 1325 is also a strong daily level.. Will look for a break of the 38.2 fibonacci level or a reversal candle for potential shorts down to 1300 where I feel price could potentially cause a reversal.
Price making a potential double bottom to a daily demand zone, now watching for a break of the descending trendline for a possible reversal back to the upside.
Price making lower lows & lower highs.. Broke its daily uptrend line last week, now a daily closure below 133.100 is ideal for price to create new lows..
Price now rejecting off a daily demand zone, now watching for a break & retest of the descending trendline for a potential reversal & move to the upside
