Chart is pretty clear with stop location and sellers are waiting above, so that is where you pull stops tighter etc. Happy trading!
Waiting for Break on 1 hr Candle Retest on 1 hr candle then 2 consecutive 15minute green candles
trend line and zone break and retest, we take long on the w formation after breakout sellers have been induced
Previous month has illustrated a ranging market. Breakthrough has occurred in the recent days and is slowly approaching psychological level of 1.3200 in which a possible rejection could occur. This particular zone has also been proven to be a strong resistance several times this year. SELL LIMIT order placed at 1.3200.
CADJPY IS RETESTING THE BROKEN TREDNLINE AND ALSO FRESH DEMAND ZONE !
Recommended 30% risk only .. i.e. usual trade for this size ticker is 1000 shares, go in small at 300 shares and trail this one on the way up.. catching a sharp knife, trying to pick the bottom - so relatively tight stop and either it goes or it doesn't!.. see chart -- close up view in comment section.. Happy trading!
Zone Traders! How Sweet was this one.. as we predicted in the Mentorship Discord Chat ROKU continues and break up bullish out of the penant - see chart.. we are D/240/60 traders that day and swing trade.. just on example of 20 plus ETF / TIckers we break down and plan nightly for the next days trades.. GET IN THE ZONE! .. Don Fron Show Zones ..
We see the Daily Range continuation after the price movement from yesterday. We anticipate that price will return back to the resistance zone 1.29700 where we will wait for a catalyst that will see price breakout of the range. Kindly share your expectations in the comment section whether the price will breakout of the zone to the upside or reverse out of the zone...
A range within a range: Anticipating price return to retest the 1.29700 Resistance zone. We have seen a test of this zone multiple times over the last month and it seems to be holding up strong. Once price reaches 1.29700, we will anticipate another reversal. Otherwise, a break of 1.29700 zone will see prices soar to new highs.
the area is a supply area based on demand and supply. I will sell for 40 pips
after building up pressure here right at a flip zone i see 2 possible ways to go before taking ation... 1) we break out below the sideway move at the moment going into demand at lower flip level before price starts another rally 2) we break above the sideway move at the moment just to pullback andretest the break out area and start the rally so i will take...
Hello everyone, i noticed that FX_IDC:AUDEUR has reached the resistance zone between yesterday and today, and this is clearly a strong short signal. Also BB% are extremely high for continuing the uptrend oscillation, and this is the confirmation of a bearish pattern incoming. Happy trading to all!
There are pockets of time where high interest of creation of positions are made. Big market orders are made to fill the books, the history books in fact, yes, you heard that right.
I am looking forward this week for short opportunities on EUR/JPY pair. Waiting for a potentiall bearish break of the box and a retest with any candlestick pattern to continue the downtrend. Target: 118.235 #tradesafe
Aud Cad just touched for a second time a flip zone which was already a point of a drop ...can we see a second reaction now... depending on daily close i would consider a short position here.. Plan B in case of a clear upward break we look for retest of flip zone to get into a long ... I prefere the short for now .. have great Hallllloooweeeeennnn everybody ! ...