Pair seems to be breaking long term trend line. Awaiting a drop
Silver waiting on a break out on the hourly frame. Higher time frame has recently broken out of a major trend line (daily) awaiting a bounce. Dollar also at massive level after bullish couple of days. Will take trade after break
Waiting on the pair to break. Broke to the upside, currently retracing with a falling wedge (bullish pattern) near a critical zone awaiting on a bounce. Could break either way, but bullish movements seem more likely. Will buy once breaks
Change of direction on the pair. Buying it on the bounce, giving it a good risk to reward ratio
Entered long on the pair after price retested and bounced off the trend line on the pair. Higher highs and higher lows (arrows) suggest long term target can be at the retest of the previous high. Stop loss & TP isn't final
Price reached key level and is currently retracing. This is either start of a new trend (confirmed when breaks longer term trend line) or just a bounce before going past shown critical zone. Direction will be clear soon, at the break of either trend line
Dollar gaining momentum recently causing bullish run to end for the pair and break highlighted trend line. Volume confirming potential trend trade (for however long), will be entering short near my CZ / retest of the trend line (or near) once bullish candle is given after the retracement
Further bullish movement can be done since key level has held after breakthrough, support confirmed with strong bullish candle. First target for me is retest of previous high, then the next major level highlighted.
Possible setup for AUDUSD, after price breaking out of mid term consolidation, currently re testing it. Buy would be high probability trade once we get a confirmation bounce
USDJPY LONG position, price action suggesting bullish movement since key levels produced bounce with higher low, with target at shown level however could reach to 145.000.
Gbp/jpy recently rejected 148.000 level putting in a lower high suggesting possible further downside movement after breaking through key 145.000 support level. Will enter trade (short) if price continues to fall or see a downwards bounce (4 hr, confirmation candle showing supports turned resistance) after a slight retracement at shown level. Volume rising at...
EURGBP approaching top of a trendline thats been respected a number of times, higher time frames also bearish with lower highs being formed on 4hr as seen on chart. High probability set up with good risk to reward ratio.
Possible trend reversal, at monthly resistance as well as touching the bottom line of the channel. Will buy when higher highs & lows are produced on lower timeframes, & possible MA crossover
EURUSD -0.09% approaching trend line thats been touched number of times & major resistance with long term time frames also suggesting bullish movements. In comparison Dollar Index -0.14% looking bearish making lower lows & highs also monthly resistance being respected at last retracement (12300). Will look to buy around 1.05840, with first TP at around 1.06760
EURUSD -0.09% approaching trend line thats been touched number of times & major resistance with long term time frames also suggesting bullish movements. In comparison Dollar Index -0.14% looking bearish making lower lows & highs also monthly resistance being respected at last retracement (12300). Will look to buy around 1.05840, with first TP at around 1.06760