Look for a break, resets, and rejection of the areas (zones ) before entering a trade
Hey all! Been a bit under the weather recovering from injury. I'm resuming weekly trade analysis each Sunday on what swing trades I'm paying attention to throughout the week. Here's how I view the charts: I'm looking to see if I can find the price's overall move for the week with each pair. TPs will be posted based on how far I think price will move before it...
Hello my friends, Previously XAUUSD closed with a solid big bearish candle on daily timeframe during Wednesday. After that, it consolidated inside marked zone for whole day at Thursday. It actually looked like an inside bar which is a continuation pattern to the downside for me. It also break below the ascending trendline so i think the short term trend is...
Hello my friends, GBPNZD currently very interesting as price broken below the short term trend line. Also noticed that the last 2 candles on this chart looks like a bearish pinbar / shooting star candle. I tried selling GBPNZD on the retest of broken zone of previous double top pattern. Sell GBPNZD 1.9960 Stop loss 2.0035 Take profit 1 @ 1.9860 Take profit 2 @...
Hello my friends, Another interesting setup for today is EURNZD. Price made a double top previously and go down for 110 pips since it broken through the support. This support now turned into resistance and price currently retesting it. EURNZD also has broken below the trend line, so I could say the short term trend is now bearish. Sell EURNZD 1.8055 Stop loss...
Hello my friends, I previosly posted about the chance of GBPJPY making a broadening wedge pattern. Looking at the previous daily candle of all GBP pairs, i could say that most of the pairs making a bearish reversal candle so there is possibility GBPJPY could turn lower as well. I am closing my previous buy and cut my losses at138.90 for -20 pips. At the same...
Hello my friends, Today i saw a nice setup of GBPJPY on 1hr timeframe. After marking our upper zone and lower zone, i found that pice comeback to retest the upper zone which is now a resistance. Ther is also 50-EMA of 1hr chart exactly on this upper zone. We could say it is an area of confluences where sellers keep price from moving up. Also noticed that...
For this trade if i want to entry short i would need for there to be a clean break from the zone before a entry on the retest and if i want to enter for a consolidation i would require a bullish engulfing before having a long entry
It currently showing a silent consolidation. so there 2 way to play this trade either wait for a breakout and retest before entry or if u have an indicator u can just trade within the consolidation at the zone
Was waiting on this retest. Bulls eye. Hope it pumps here.
Perfect support touch. Going up here at least till next resistance zone.
Hello traders and analysts, Here is our take on GBP USD - the trade is active, with FX it is a moving target so we will look for an additional entry upon a nice supply up coming but will it hold? the answer is yes, so price reacted at our 0.705 and resisted - now we have a long aiming to close into the purple zone. what has changed since the last chart? So...
Hello traders & analysts, Here is out latest update for Silver . We are bullish and would like to share our out look for the next opportunities which can take place. COT data: 78,746 longs 65.6% 41,145 shorts 34.3% 46.5 24.3 for open interest Technically what has happened? Price was severely undervalued and silver is an important commodity to use for...
For this trade i am looking for a breakdown of the minor zone below before getting a 3 bar reversal or bearish engulfing for entry,and at the same time look for a lower low and close as that would mean the trend will continue downwards.