Following through with a channel break we can see that price was following through with an ascending channel but the break and retest to catch up with liquidity was a clear sell signal. we can still catch up with the bears to the bottom area of the channel
Price has successfully closed above the strong daily support level if it continually plays out above that zone then we only wait for clear continuation pattern to enter the market though not a trading market currently. Clearer entries should be after london volumes kick in after london open.
Price was clearly following a channel that was a counter to the previously broken channel that was bullish in nature but price has currently broken the trendline to the upside and fi we are not treating this as a fake out and wait for clear confirmation of retest then the possible set up is what I have presented.
The main point of approach to the usdcad for this particular trade for me was break of trendline and a retest of its order block and since price has respected that despite of the delay then my risk would be 30 pips below the previously broken resistance and an entry at current price.
hello so what we have seen with the usd in the recent days is a strong push to the upside with the current conditions still holding the Au has since followed its push to the downside after break of the trendline. We might see a possible touch of the long term target in a few days to come
a break off trendline and a retest of OB once pricec breaks resistsance then its off to top
looking the pound strength for the past week and the price action that is portrayed in the church we are more likely than not to trade within the given price range in this coming week to get to levels of 58127. If you will be looking for more insightful view on the market and other pairs in my watchlist you can comment and private chart me, we share on the same.
PRICE has broken the resistance level and retested the same level on the 1H TF with bullish engulfing candle in the 1H TF we anticipate price to move up and trade the given range with the next resistance marked on chart.
AS a continuation of the reversal of the trend break then we hope for price to get to the peak of the channel. focusing on dollar weakness then the entire move is a big possibility. check chart for a clear picture
the resistance zone was broken owing to a strong push to the upside to complete the channel response to break at the OB
Price broke the support zone of 1.36821 and is now making a retest if that zone is respected then we will see a continuation of the drop to 1.36047
We can see price broke out of the support zone which was forming a consolidation earlier but now w are in the range... taking a trade within the range might be a good run.
Price breaking into clean ranges with definite support and resistance levels only means that you are sure if price respects these areas then it will definitely trade the region in between. This is such a case with the area being represented by the reward zone I have marked.
A break from the trendline on the 1H and 4H expecting a retest of the order block and impulse move to the start of the channel. However we can also find a conducive entry on the 15, 30 min if retest does not play out
we see that price on the 1H,4H AND 1D timeframe has broken the trendline with a test of order block in the 1H and 4H TF. we can use the break and continuation as an indicator to enter the market early or wait for price to pull away from the trendline
WE SEE CLEAN ranges to the left and once price breaks the support level on the 1H TF then its off to the levels of 82
ON THE 15 MIN we can see a break from the trendline. we might wait for the retest or get in impulsively.
Looking at the possibility of breaking the resistance and a possible retest of that zone then we can anticipate price to move up to the levels of 1.90964