We can observe another bottom channel support hold. We are following the trend here as pivot points along this support is clearly visible. TP and retest at top channel resistance as mapped out on the chart. Please comment with any thoughts and ideas. Thank you!
Looking for a retest of 1.63000 now that there has been a clear break out of the bottom key support zones. If there is a break through 1.63000 after a retest look for a top resistance retest of 1.64000. Please comment with thoughts and ideas!
We have a significant breakout bar through a key support. For a safer entry wait for a break and close below .95800 as this serves as a strong pullback point. RSI and MACD have some room to break into their oversold zones to reach tp zones. Pullbacks may occur at tp 1 and .95200. Read the chart for better understanding and please comment with thoughts and...
Presented is the 4 hr chart. Looking for a sell entry based off price action with RSI and MACD technical confirmation. We saw a bull breakout bar with a key resistance rejection following an exhausted bull trend. Based off price action rules a longer full pivot waiting period is occurring along the key resistance (explained on the chart) I will wait for a bearish...
Hello all and welcome to a new week! I have put together what I think is a premium price action strategy for entry and exits at pivot points. I chose AUDUSD on the four hr as a back test example. Read the chart carefully and feel free to ask any questions related to the strategy ( may be slightly confusing if you are not a visual learner). Thank you!
Presented is the 4 hr chart. As long as the next candle closes out with a MACD full cross up through signal I think we can get enough momentum to retest 20 k.
I put together this educational post due to my poor analysis on some GBP pairs last night. Presented pair is GBPUSD. It is important to backtrack and figure out a future solution for a losing trade. This is an extremely informative and effective time frame strategy especially for this currency. I have presented the major GBP pairs and results from the 2 am and 8...
Finding strong support on the 1 hour at 138.300 with a consolidating pivot. MACD and signal made a smooth cross and heading towards 0 line to push upward momentum. TP 1 at 139.800 and wait for retest to continuation. Please let me know your thoughts and ideas. Thank you!
Over the last week or so we have seen the pair break major daily levels leading a clear way to top resistance levels. I am looking for a retest of 1.07500 and then continuation towards 1.10000 for a top level retest. MACD and signal are set to cross up through the 0 line which will give the pair significant upward movement. Let me know your thoughts and please...
We can see a long wick rejection at a double zero point of 1.62800. RSI has breached through overbought zone and now looking for a clear MACD cross down through signal. Looking for a retest of 1.61600
We are at psychological levels. I expect a push to the high. May be a pullback at 117.6 range to give buyers another push to the high. If there is no retest at 117.6 with a straight breach the buyers will bring the pair to the high to set the sellers up for a sell off.
We are at a perfect resistance area for a possible +150 pip profit sell trade. A nice double top is almost completed to confirm a sell however due to market open manipulation we may see a retest at126.600 for a reset sell off. MACD is making a cross through signal close to the zero line. A retest of 126.600 would creat divergence to set MACD and signal for a...
Looking for a market open push to retest .74000. If this plays out, a break of .745000 or strong rejection will confirm a direction. Let me know what everyone’s thoughts are! I have seen an a lot of great ideas from the community with this pair!
We were stuck in the trading channel last week between 1.63000 and 1.64000. I have pinpointed my strong buy sentiment on the charts. All very clear indications that the pair should continue towards top resistance and possibly breach to retest a new top resistance before reversal (most likely right at a whole number :) ). On the contrary we could see a...
Looking too retest 1.127300 with this momentum. Sentiment will increase with a full macd cross down through signal to create lower low. Nice setup to follow this trend.
The pair has been trading in a bullish wedge with a few short term high rejections of 81.500. I think a break of this resistance will make a push to retest 82.000 for continuation. Currency MACD is set to cross up through signal continuing through 0 line. To push momentum for a strong push through 81.500. RSI is I a medium zone for sentiment towards high volume...
The two previous nights we have found strong support with a pivot at .89900 to retest .90400. The same play out seems to be occurring tonight so I expect a pivot and retest of .90400. The market has been jumpy so this offers a higher sentiment on a trade for a decent scalp.
Looks like the pair is creating a straight channel at a higher zone. Looks like a clear buy and TP at 1.21700.