Another short pair. Price seems to be stalling which may indicate that this is the lower low being formed. I will be waiting for an pullback and a depletion in price before moving to the hourly.
Price seems to be topping out and we may potentially reverse. I have highlighted a trendline break and will be waiting for the momentum shift before moving forward with this analysis. Once the new lower low has been created we will be able to trap the range and look for the exhaustion.
Support has been broken that has created a new lower low to continue this bearish momentum. I am using the retest of support break to look for potential entries which is slowly adding up on the hourly timeframe.
Good morning traders, EUR/JPY has just broken resistance and created a new higher high. We are now in a bullish phase of the market and will be looking for buys. Price seems to have created the next higher low to continue this bullish sequence.
Similar to the last 2 pairs. Lower high looks to have formed to continue this bearish trend. We have a nice trendline holding on the hourly which is visible on the H4. I would suggest using this trend to look for momentum shift (break) and then look to enter on the retest.
Lower high has been created on the H4. We have multiple confluences to support shorts on this pair which include the multiple wick rejections around the lower high and price attempting to break for a second time to form the double top. I will be waiting for the neckline break and retest for entries on the hourly.
Good morning traders, potential lower high being created around the 618 retracement from the last lower high. I will be looking for he current H4 candle to close within the zone marked and possibly give us a wick rejection too.
Thought I would share a little late night trade with you. I spoke about this analysis on the 28th and it has adjusted slightly to account for this new trendline that has formed. Still showing a failure to break above with good bearish momentum. As long as price closes below support I will be entering with a sell limit with the levels provided. Remember to always...
Potential double top forming to continue this bearish trend. I am a little concerned with the previous consolidation which could cause some problems. I have marked the middle zone as a potential break and retest of consolidation so the aim will be to make the trade breakeven before we reach that zone.
Good morning traders, back to NZD/CAD again. I believe the lower high has finally formed as price began to deplete followed by a final burst to the upside that failed to hold. Be sure to mark the H1 support that you can see on my chart for potential entries.
Price consolidating, failing to break higher or lower. I am planning on trading the double top marked on the chart as we have a trendline break and retest which makes me believe that we could potentially break this consolidation to the downside.
Good morning traders, hope you are all having a fantastic week. Just a quick update, I have taken NZD/CAD off my watchlist and added this new pair. Price is continuing its bearish momentum creating lower lows and lower highs and we have just come off the back of a double top. However, I am starting to lean more towards a bullish perspective for multiple...
My first position of the week has been opened. Had a lot of failure to maintain structures which has prevented me from entering positions. We have a perfect support break and retest on the H1 which is also a trendline break and retest on the M15. Multiple confluences supporting this entry. Feel free to take advantage of this where you can and be sure to use...
Nice consolidation zone that we can use for a support break and retest. Make sure you are always using your trading plan with correct risk management and be sure to check for any news releases that may affect your position.
Bullish momentum is starting to deplete around this 618 fib level. Looks like price is about to continue this bearish structure. Again, I am going to break down this analysis further on the hourly so see our next post.
As you can see we have a nice bullish trendline we can use for the momentum shift. I will be looking for price to break this trendline and break below to retest zone marked. Once this occurs I will be going in for a pending order. Keep and eye on our page as I may share the entry for this.
Potential double top forming to continue this bearish momentum. We have multiple confluences to support this idea from the lower lows and lower highs being created and the initial trendline break which initiated the reversal from bullish to bearish. Make sure to check out our next post as I will be moving to the H1 to talk about entries.
After marking the key impulses, it is clear to see that we are starting to form a longer term bearish trend. Price is currently sat at the previous low which needs to break to set the next lower low. If we see a bounce of this level and bullish structure starts to form we can look to treat this as a consolidation zone.