This pair is quiet and volatility is low. What we're seeing is this pair stopping the selloff in this range and is now showing an upside potential. Due to the lower volatility, I'm not taking trade here. However, I have this chart open as a pair worthy to monitor.
Pair broke out above and failed to close higher. As it retraces back below the resistance level we set, this could be viewed as a fakeout trading opportunity.
Not saying that it's a clear sell signal, but this is a pair to monitor for the next few hours to days even.
This was a bit of a pre-mature entry on my bar when I noticed yesterday's bar make a pretty big rejection. On hindsight, it's not really a rejection. I saw that price rallied higher, but the close was near the open. Got a bit excited and entered. However, still overall bearish about this pair.
While I usually don't use ATR, I'm currently experimenting with it to fine tune entries and set stop loss. ATR is currently at a 10-day low of under 100 pips. Price tested another daily level, which took a lot longer to reach. This signals that bullish pressure is dying off, which is further strengthened by the quick sell off of this level.
Pair breaks below daily resistance or can be considered rejected off breakout
Price tested resistance and then failed to break significantly higher. When it fell below, took the opportunity to enter short.
- Price broke above resistance and then retraced - Simply entering long once price retraced and held up on that level
Daily support level still holding up Pair is making higher high Buy limit triggered as pair retraces for the second time Stop loss kept below the relative low as it would void the uptrend momentum
* Pair currently respects both top and bottom boundaries * after stalling at the top, selling pressure is beginning * My entry is slightly early at the neckline, but it allows me to have a slightly tighter stop
* Initial weekly analysis here, please see comment update for the daily time frame * Weekly price is held resisted * Current dominant bearish bar points to a clearer downtrend direction
Previous resistance turned support confirmed Trend reversal strong as dominant bull bar as it reacted to the support level Profit target is at original resistance level
This is a higher reward to risk ratio on a 4-hour time frame After initial rally, this pair retraced with multiple weaker bearish bars
This resistance line that I drew is largely untested. However, I took this trade based on the overlapping rejection bars. This is another trade that provides a pretty high reward to risk ratio. My stop loss is just 15 pips higher than the upper wicks to account for spreads. While I don't have a clear profit target, I am using the Fibonacci retracment of the 38.2...
Pair bottomed out with dominant bar Pair broke up previously held resistance level If support level holds up, it will create another explosive move ~FinancialGamblR, or at least that's what they call us retail traders
This pair bottomed out as signalled by the rejection bar. Pair made a higher high and then we are looking to buy on the retracement. Profit target is at original resistance zone.
I wouldn't call the full bar one day ago a doji because its not a huge indecision, but the indecision is most certainly present. Originally I wanted to see if this trade will hold up against the resistance level and it continues to look like so. However, we see a bearish dominance in the most recent bar session. I'm taking an early short position in order to maximize R:R.
Similar to my USDCHF trade, I took a short, but this time admittedly at an unoptimized position. This pair tested a weekly support turned resistance level. I have received confirmation that there is bearish momentum given by the dominant red bar days after I placed my initial trade. This trade could've been optimized so I am currently suffering from a smaller...