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We could see in the past that price was reacting strongly to this trendline. I expect that it would hold and drop again. Watch for candlestick patterns.
Entry - 1.18800
SL - 1.19400 (60 pips)
TP - 1.17700 (110 pips)
TP2 - 1.17000 (180 pips)
Great Ratios, Happy Trading To All
As usual, wait for a breakout and enter right away or wait for pull back if you are conservative. There are two scenarios of entry - 0.7837 or 0.7816
TP - 0.7900
SL - 0.7775
Watch the candlestick formations
Good luck traders!
The price is breaking a flag pattern, break of restistance in this strong uptrend would be additional confirmation for us. So enter right away or wait for pull back if you are more conservative... Remember, you need to monitor candlestick patterns because it could be triple top as well and then it's going to be an end of trend.
Entry price - 112.450
TP - 113.450...
As you can see the price is going up to the major resistance zone which gives us opportunity to go short. It is uptrend so don't expect a lot of pips. Look at the candlestick pattern and make a decision. Confirm on bearish divergence. Entry price is about 1.24300.
TP is 1.23400(90 pips)
SL is 2.4950(65 pips)
Good Luck !
As we can see, price formed descending wedge after uptrend, so it is high probability that upper line is going to break soon... Wait for breakout and enter on two possible levels - around 1.17600 or 1.17250. Target is at least 1.18160. Around 56 pips when you enter 17600 and almost 90 pips when you enter 17250!! Stay safe!!
As we can see, price created ascending wedge short setup, there is also SOT formation which informing us that buyers are getting weak.. at 12 it was a large volume on the market so it was a signal that smart money are getting off and distribution is coming.. Sell a break of bottom trendline. I am expecting price will drop to first demand level around 1.2360 or...