Looking for a potential pull back into old resistance zone. If this area holds up and continues to fall , then I'm looking for a short move. I also see a possibility for price to break that previous high and continue high but I am only looking to go short in this pair.
Looking for price to possibly break a little lower to retest S/R zone from last week on hourly. If price continues lower, ill look for a reverse pattern to take it long possible Wed London session.
Eu made pushes to the high first 3 days of the previous week. The last 2 days markets created news lows breaking previous ones just days before. Next week my analysis is to continue short in this pair after price has came and retested old support/new resistance zones to create a M like structure. Only look to enter off the bounce of the new resistance!
I am currently looking for market to provide me with long set ups near these hot S/R zone. When trading, I am mainly looking for 2 legs of a W to be able to enter a trade on the long side. Markets have made a nice W Friday afternoon so Monday afternoon or Tuesday morning during London session, I am looking for a reason to go long and trade away from the W (peak)....
3 day move to the low. Monday price will make a new low and bounce at the uptrend line form a double bottom W to make a new high.
On this trade based off the peak level high price and trending down. Price trended up all day Monday to come back to the and touch the down trend line and fall through the uptrend from the previous day. Now that has broken that trendline,I am looking for price to come back and touch the down trend line Wednesday morning during London session to continue the...