Price has tested previous resistance and formed a support, go easy on your lot size, its Monday
Majority of our pair analysis have been correct this week hope you have been making good money
Ascending triangle spotted, waiting for a break out downside and retest then we enter
Seeing a shooting star pattern forming here, the move up might be very impulsive and can go all the way up
Support has been tested and remains strong, looking for short term buys
Waiting on clear bullish candle to close above resistance
Looking for sells waiting for a bearish candle on 15min then enter.
GBP Pairs seem to be moving on their own merit and this is what we see for the GBPCHF
If the market closes under our support area we will not enter the trade until we break above the trendline, after a retest, we will enter more trades at 2% risk only. The market is going to be volatile in many pairs this week so use the good-risk management and you may make some good money
There is a buying opportunity on GOLD but it would be better to have it retest the new support and see a bullish confirmation on smaller time frames before entering a trade. Only trade with 0.01 then add more trade on rejection wicks.
Pair has broke out of resistance, wait for a retest to enter long
It will be safer to enter when you see rejection candles on broken support, but if you enter immediately use good management.
This pair changed structure as it was going down, there is a strong possiblity that is has been forming a falling wedge and will test past resistance before continuing the long term downtrend
This is a decent scalp opportunity with good risk to reward