Price broke support and consolidated just under the resistance line. Last week 4h candle closed with a bearish pin indicating a short opportunity. This is a swing trade for me and targeting 300 pips or thereabouts. Happy new trading week guys.
Break & retest of the daily ascending trendline after price Made a double top above at weekly resistance. Price looks to have completed the retest & is showing some rejections at previous daily support now new resistance, where price may resume the downtrend & create a new lower low.
I just wanted to share little bit of my knowledge and learning in the forex market with you all so you can benefit from it too.
I started learning trading 3 year ago. Fundamentals and News trading were what I started with. As a news trader you need to watch the market news on fundamentals (such as central bank decision makings on bank interest rates)...
Libra pattern which will be completed at 0.7510 level has got our attention.
We are considering to sell at the libra entry which conflicts with fibonacci levels and 200 sma.
Thank you for your likes and comments which motivates us. Good luck.
CADCHF has a big pic showing us clear down to the south.
The red double top has strong resistance pressure. And price do drop down again fro there.
Both Fibo are guiding it down to a position around 0.70.
Still has 480 pips from now.
Keep it longer you will get more profit.
LESS IS MORE!
A combination of pattern breakout and trend line breakout. The price could be forming a bottom following the breakout above the neckline of the Inverse head and shoulders pattern and the long term falling trend line.
The price is approaching 0.8212 swing high and potential horizontal resistance, where we might see a pullback from there for a retest of the broken...
Today we have this beautiful CADCHF setup, after moving to the downside for a long time, now we have the chance to go long for the first time, however, before we can, we have some things we need to check first!
For a good and safe entry, we would recommend you to wait for a clean closure above our resistance level (you can look for entries in the...
Here we need to wait for a rejection from the marked box.
The box consists of several price action criteria which indicate that we could see a short-term bounce/reversal.
Trendlines, round number, ..., 1H possible double bottom formation on the trendline and etc.
As said, wait for rejection on the 1H timeframe.
Feel free to support my idea post by hitting...