Strong bearish engulfing breakout of prices uptrend line, now retesting with what looks to be a potential shooting star rejection. Not looking to jump into this pair this week exactly since the market closes tomorrow, but will be looking for a break of support & retest for more confirmation
Price making a double top at strong previous support now resistance. Watching for a break of the counter trendline to go short. Last time was above the pink zone, price made a double bottom then made a strong move away from this zone. Vise versa of what price is looking to do now..
Target this morning missed take profit by 17 pips, but as you can see price broke above resistance now looking to potentially enter on the retest of broken resistance now support.
Managed to grab 160 pips roughly on this pair this week, now watching for a break of the top of consolidation for a potential 200 pip move to create a new high. Will be watching for a break & retest. A daily closure above 136 will be great confirmation as well
GOLD broke key support on 4HR chart recently and confirmed the BEARISH move by retesting the area. With a flag formation forming you can be sure GOLD will drop to at least 1325 to 1320 where previous support was established.
1st short trade was a channel bottom trendline breakout
Created a flag pole pattern
2nd short trade was flag breakout
Created 2nd ascending flag pole pattern
3rd short trade was ascending flag breakout
Bullish pullback retraced back to 50 sma
4th short trade was Bearish Continuation candle pattern
Macd is crossing below Red line
Bearish Continuation may retest swing low.
after breakout from wedge pattern. im patienty waiting for the retest. but didnot occurs properly but then i see the EMA's act as ressistance beautifuly. so im short for EURUSD
At 200 Ema support 88.60. In 2014 price broke out of this zone with a strong move, but never came back for a retest to validate this zone as support. Now we may have a potential retest to this level & price could potentially be making its way up from here.. Previous resistance now support. Lets see how next months candle opens up!
Price broke out of its daily consolidation box I was initially hoping it would break to the upside, however Friday the market closed with a 4 hour bearish engulfing breakout & now looks to have validated the broken zone as new resistance. Will keep an eye out for a reversal candlestick pattern to the supply zone price is currently below
After about 6 weeks of bullish price action, price is now at weekly resistance. Watching for a break of support & channel for shorts potential swing trade..
What can the market do to trap people to the wrong side and then go where you thought it would be going?
This scenario is pure speculation, but a way it could play out, if you are looking for a retest of the low (10.000).
Whatever happens, always pay attention to the short-term trends (inside ranges)!
Inverse head on shoulders pattern playing out nicely, watching for a break of 1.54 neckline area for a continuation.. Watch for break of the counter trendline as well
