As suggested, short from the downward channel, price tried to break out of it but failed from this resistance level around 0.85235. Already pull back and retest. Resistance level continue to be valid. Also, Reversal of RSI around 66 (overbought). Target 1 : 0.84451 Target 2 : 0.8370
Price is in downtrend for the last 3 days, it bounced off a support area at 1.12035 and rose until it reached a previous consolidation area. Short Entry : - Sell stop below previous small Swing Low IF past the trend line at 1.12220. Exits : - S/L in consolidation area above previous Swing High at 1.12360 - T/P not at next zone but the one after at...
4H and 1H showing PA and we have MACD divergence. Trend line break and re-test here for a quick 1:1 move
Ok I think XAGUSD is going even more up than it already have gone so far. First of all, that inverted head and shoulders which later confirmed a bullish scenario strong enough to return and break into the previous uptrend, so if does a re-test in which I'm expecting to see a morning star then I'd say is a BUY. Any comments?
I'm waiting for a little more confirmation on this one, but since it already broke that important daily trendline now I'd wait for a re-test before buying it until probably... .76500 Any comments?
I have been long in CAD/JPY..Now can be a good time for you to enter since it is retesting my zone
little push up in the zone will lead to a nice short..entry after leaving the zone again.. i would like to see a trendline retest
The general setup, from WEEKLY is SHORT, but Price is currently going through a RETEST, of previous support/now resistance. I would look at price to FAIL to break it and price will go futher down to next strong support at 1.30530
Sell on a second re-test opens a good short opportunity.
The trend Line on 4H brake and retested , so i think the best is going long and first target is The daily area
IF 47.64 successful break down again , then we can sell it down to 46.85
Signals: Double bottom Wide Flag Buy 24.60-24.70 retest of flags bottom line Target 29.00 Stop 24.34 (-1 tic flag's low) R\R ratio 1:16
Last week, we've seen the reversal setup on EURAUD finally materialise. The bullish divergence (price made lower lows while RSI made higher lows) was another confirmation, but the rejection of the lower support level followed by the very bullish move up left little doubt. On Wednesday, price already tested the resistance level (indicated by the black horizontal...
The longer uptrend on AUDCAD was broken at the end of last week, after the pair tested the strong resistance level (visible on the Daily) and broke through the 1.0000 level quite easily. After a retest of that level, sellers got in control and pushed the price down. This provides us with a good opportunity to ride the newly formed trend. I expect sellers to push...
GBPCAD Hitting long term lowest structure. Very likely to see the market rally up to the nearest fibonacci level with a possibility for a second target around the nearest resistance level.
BUY EURAUD IF IT COMES BACK TO THE BOX
I was waiting the whole week for this comeback, so lets hope that we start without a big gap on monday. ( If you follow @forex_industry on instagram you would know it.) ENTRY BLUE LINE STOPLOSS RED LINE 1 TARGET GREEN LINE 2 TARGET GREEN LINE
We have very simple trade setup here - after our rectangular range breakout,AUDCAD came downwards giving us around 70pips profit and now in support zone, so pullback to 1.0050's ? Lets see...won't we get another 50 pips in this move... Enter on valid confirmation as per your trade plan with proper stops Happy Trading !