We have a nice impulse leg down and retrace back up.
I am looking to short audusd during news.
We have a strong GBP this week.
Price broke down and retraced higher than consolidation rage.
Now price is consolidating at range low with many pinbars
We have a nice bullflag rejecting daily consolidation low
We have a slow and good retracement after rejection of daily low range
We have a gap down with bullish engulfing.
Good risk reward to long
We have a Pinbar formed on eurgbp.
Lets look into the content of pinbar .
A single pinbar does not signifies trend reversal
I read price action on 4hr time frame short.
Rejecting breakout above weekly consolidation range after a huge impulse bear move.
I am not looking at any longs after a higher high made on daily.
Details add later
I will try and update on how do I read gold 1hr candle at this level. This level marks an interesting level as price consolidates at resistance
We have a spike down during london open. It may be a stop loss hunt till proven so by Daily close. Daily price is trading at bottom of Bollinger band (34) which signifies oversold condition after an huge impulse upswing.
Monthly shown a good fakey on Gbpcad. Similiar situation in UsdJpy.
I am looking to long with tight stops to test monthly motherbar high
Silver made higher high on higher time frame but lower low on smaller time frame.
I am shorting silver with caution and look for entries for weekly long
We made a lower low on weekly.
Daily indicates consolidation.
I expect to see NZD to retest weekly low
After a lower low made on weekly swing.
A clear rejection of breakout
Lets call it.
Rejection of low after consolidation
Duration : Hold for dear life
This is to showcase Quarter levels as support resistance by by nMike
Indecision and consolidation
Price has traded above and consolidating above monthly doji high.
Rejected weekly consolidation low.
Refer to details