AUDUNZD: - price broke through channel and retested - if price breaks yellow zone- expecting a retest - then looking for price action confirmation (e.g. bearish engulfing candle) before entering short
1.72744 Is a really strong resistance on 4H, 1D, 1W and 1M timeframes, but if you look at the current candles on all these timeframes they are suggesting strong bullish movement and a possible break. 1D candle is bearish but with a big lower shadow that respected our TL. 1W candle is a big bullish candle with lots of buying power. 1M candle is a doji candle...
Resistance Purple arrows Support Orange arrows This lower level of support and resistance is a key level on all timeframes and has been well respected pointed out by our arrows, We can only see bullish movement off this level up to and through our upper resistance level so we will be looking to enter a long position off the retest and break of this resistance....
Resistance Purple arrows Support Orange arrows This level of support and resistance is a key level on all timeframes and has been well respected pointed out by our arrows, We can only see bullish movement off this level so we will be looking to enter a long position off the retest of this support. See how simple trading can be and how easy it is to see clear...
Before entering: - waiting for a push to break the 4hr zone - waiting for exhaustion - looking for price action confirmation (e.g. bullish engulfing candle) to close on 4hr tf before entering long -
You can see a resistance zone ( green box ) and a lovely trend line ( TL ) that price has been following and respecting as support for over a month, price recently broke through this TL and is now coming back up to test it as resistance. Where price will meet the TL is also in our resistance zone so this is a STRONG SELL, line this up with the weakening USD at...
You can see a resistance zone ( green box ) and a lovely trend line ( TL ) that price has been following and respecting as support for over a month, price recently broke through this TL and is now coming back up to test it as resistance. Where price will meet the TL is also in our resistance zone so this is a STRONG SELL, line this up with the weakening USD at...
We can see from our support and resistance zones that price has been respecting these levels for a while and price is once again currently in our resistance zone , but this time we can see price breaking this resistance and moving higher to the upside because of recent bullish candles coming into this zone. If we take a look at the monthly chart you can see...
We can see from our support and resistance zones that price has been respecting these levels for a while and price is once again currently in our resistance zone, but this time we can see price breaking this resistance and moving higher to the upside because of recent bullish candles coming into this zone. If we take a look at the monthly chart you can see plenty...
PURPLE ARROWS - RESISTANCE SUPPORT/RESISTANCE 1.81008 1.81008 Is a key level we have used a number of times before if you look back at old charts, you can see where price has been used from our arrows. Price has recently bounced off this level, now we might get a retest of this level but the general movement is to the downside. You can also see on the 1D and 1W...
1.32450 Has been used as strong support ( orange arrows ) and resistance ( purple arrows ) now we can see price is currently sitting bang on this level, do we think it will bounce or break? BREAK!!! Because although this is strong support the last candle formed was a big bearish candle, and if we look on the monthly chart with the same level placed on it 1.32450...
Blue line is old resistance turned new support, where price used this level as resistance we have marked with purple arrows and where this level was used as support, we have marked with orange arrows where this level was used as resistance. Price is currently at this level and we can only see upside movement on the 4h chart as the candlestick that formed and...
Here we have a Descending triangle formed, this is a bearish continuation pattern and are formed in an overall downtrend, if you get the 4h chart up and zoom out you will see we are in an overall bearish market. Descending triangles are a good signal, but we still have to watch and wait for a breakout of this triangle as nothing in Forex is guaranteed, a breakout...
From our chart you can see a STRONG resistance level ( green line ) and you can see our TP/support zone ( red box ) we are using this zone as this has been a KEY STRONG resistance turned support area in the past, this is probably where the big players and banks set orders hence why these levels are so well respected. Remember if you can change your mind-set to...
-Ascending oblique, 3rd contact -H4 strong support area -Buy on H4 engulfing near the oblique. -If it breaks, we will forget about buying and sell until next support at 1.11
1.72568 resistance and 1.71336 support we placed these levels on the 4h chart, As you can see we have the 1H, 1D and 1W charts also open with these same support and resistance levels and on each different timeframe you can see they are well respected. 1H gives us a strong buy signal with an engulfing ( latest candle covers the whole of the candle before it )...
Stop loss 82.985 Take profit: 80.705 The pair is very squeezed on the intraday timeframes & the weekly is showing exhaustion backing up the confluence for the short.
142.019 area is such a strong support ( orange arrows ) if you cant see this then go get your eyes tested and please stop trading as you will only bankrupt yourself. This level has also been used as resistance before ( purple arrows ) so we will wait for the 4h candle to close to see if we are going long like we anticipate, either way we will have orders in place...