we had the impulse to the downside now price is correcting expecting a impulse to the downside to continue the drop
Price has made the down movement and has formed a potential head and shoulders with the break of the neckline we will wait for a retest to get short
we had the third touch looking for price to break down impulsively to the bottom
price broke from descending wedge hit first resistance now retracing looking for the next higher high
initially we thought this pair was going to drop but it broke channel resistance lets wait for a retest of broken level to confirm new support to go long
In relations to my previous idea i am still long biased we need price to break and close above highlighted resistance to get in a long trade with a 1:2 risk to reward ratio
seeing a potential right shoulder forming looking to short at the break of the 15m wedge forming
as price gets close to the trendline resistance a correction is forming will need a break and close below highlighted support to enter a short
possible second impulse to the downside after correction price has broken the upwards movement
I have done analysis on Dxy and it is more inclined to the upside so if price can break this trendline on EurUsd it would be wise to enter a short trade
possible formation of a wedge brewing on cadjpy i will be looking for price to start losing momentum near the trendline and look for bullish signs to get in a long trade
price is currently at a previous high if you look left theres a big rejection wick which price first time caused a fakeout also im seeing a potential wedge forming so i will be looking to get long till the next higher high
Price could be looking to retest recent highs and even possibly the bigger daily trendline which will be a good return on pips
price has been going up since monday i am expecting for price to brek and close above the first highlighted resistance if that happens i am looking for the next higher higher tp take profits
Price is at a interesting level on the daily we are in a downtrend currently on H4 Tf price moving towards a point forming a wedge will look for a break of the h4 trendline supporting price and stops above the 200ma
we had a drop then price retested the broke trendline we are looking for the drop to the downside to catch some pips will wait for a bearish Engulfing candle to form to enter this trade
after a impulse to the upside we formed a small correction now seeing a potential support formed i will be going long