Price confirmed our resistance zone and formed double top as a reaction. Price then broke the neckline and also bullish trendline. We can see retest of a neckline and bearish continuation. Currently, price is testing previous high and I advise you to wait for a reaction.
The key to becoming successful as a Forex trader is to find the right balance between how much you risk per trade to achieve the desired profit you are aiming for. This balance needs to be realistic and relevant to the technical strategy you are applying. You need to combine risk reward with your strategy. The risk-reward ratio is simply a calculation of how much...
Price reacted to 1.09500 significant zone that previously acted as a (H4) support. We can see lower highs, lower lows formation here and I expect to see bearish move.
Price found strong resistance at 1.28500 level and we can see descending triangle formation. Price broke our support zone and I will look for the opportunities to sell. Its possible to see a retest of this broken support zone soon.
Price formed new resistance zone 1970 and previously broke our support zone, but it was a fake-out. It is very hard to find good opportunity to trade. However, I think there is a higher chance for the price to go down.
Price is still trending up. We can see strong bullish trend and many bullish wick rejections that indicated bullish pressure. Price reached 0.68800 zone and I will wait for a reaction.
Price keeps forming lower highs. It broke 0.85400 support zone. I expect retest of this broken support or new lower high formation around 0.85600 followed with a bearish move.
Hello traders 📊 On this picture here you can see 3 types of breakouts. On the left side you can see breakout examples in an downtrend and on the right side, you can see examples in an uptrend. Breakouts occur when price breaks a certain zone (support or resistance) and in many cases breakouts represent very important moment. This is usually good time to look for...
Price consolidated for a while between our significant zones. Recently, price broke 140.300 zone and retested it. It also formed new high 141.500. I advise you to wait for a reaction.
Price is still trending down. We can see lower high and lower lows formation. I expected bearish pressure around 1.33500 zone and I decided to sell once I saw bearish pressure.Price is currently testing Daily significant zone, so I advise you to wait for a reaction.
Hello traders. Having a trading plan is very important and you should always have a plan before you enter a trade. Here I explained 4 types of possible entries when breakout occurs. You can see here example of a consolidation between support and resistance zones. Strong breakout occurs, and what to do now? Should we sell immediately after breakout? Maybe, but its...
Price formed new higher low and continued to go up. We can see now that price broke and retested previous high and I expect bullish continuation.
We can see strong uptrend here with occasional pullbacks. I see potential resistance zone at 15200 and potential bullish reaction to 14500-14600 zone.
Price is testing confluence between 0.67400 zone and bullish trendline. If bullish reaction occurs, I will look for the opportunities to buy.
Price formed bullish reaction to 0.89900 zone that I marked long time ago. It is currently testing 0.90400 broke support. I will wait for a reaction (break or confirmation).
Our H4 support zone is still holding the price. I will wait for a reaction and better structure to trade. If price breaks 1.33200 zone, I will look to sell.
We can see strong downtrend here, but price broke the trendline and created new support zone. It is possible to see new higher low formation followed with a bullish move.
Price retested 1.24300 zone and we can see higher lows that I connected with a bullish trend line. I expect to see move up and potential test of our resistance zone.