Confirmed with bounce
NZD/USD has been bullish as of recently so we follow trend continuation. We are currently in a corrective state, but approaching structure levels. We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave. We can also see a large bull flag formation. If this...
Nice retracement pattern to structure of last impulse.
Last Trade Worked out Perfectly! Looking to follow trend more.
Possible Cypher, still practicing fib levels.
Alternate Trade Approach to my recent Long Idea: IF USD/JPY does not respect recent bounce off of smaller triangle pattern, (in black--might need to zoom out), then it may correct even further and: retest the support of the smaller black triangle OR find support at the lower level of the larger triangle (in orange--zoon out) , which also coincides with...
Looks like we are due for a reversal if we continue this triangle pattern. Waiting for confirmation and retest to enter. If we break triangle, we should find support at blue structure line.
USD/CHF Recently broke its upward momentum and has begun a downtrend. We are currently testing resistance. If USD/CHF fails to break this resistance level , we can expect further downward movement. Side Note: We see that the blue resistance has been broken, this may be an indication of bullish momentum, although I see it as a small structure break before a...
AUD/CHF recently broke structure support... If we follow trend, we should wait for retest of that support (now resistance) and short to next level of structure. We see AUD/CHF following the blue trendline in the upward direction, so we will look at this as our next level of structure. As seen on the chart, the blue trend line and pink support level meet at our target.
Candle Close Below Blue resistance, but EUR/JPY is still following upward trend (Black Support Lines) Waiting for confirmation in either direction
EUR/USD looks like it will continue its downtrend after a possible retest of structure, depending on the market sentiment when we open. RSI displays that we are oversold, so I would expect a retest of structure before we continue down.
We have seen EUR/CAD on an obvious downtrend recently. We are currently retesting a broken support, which has now become resistance. If we continue the trend, EUR/CAD should bounce off of this resistance level, and find support at structure.