We have a rising wedge pattern here. I believe we may see a continuation short
USDCHF is still currently holding above support. The way price has been moving I wouldn't be surprised if we started to break below this key zone. Price seems to be pretty weak.
We're breaking above a key level on NZDUSD. We'll be looking for a retest before entering this trade long
We're breaking above the previous high. I'll be looking to take a buy to the next key resistance zone. Just before that to be exact at about 90 pips. We have a 2:1 R/R here
We have made a new high. Now we just need some confirmation telling us this is going to be a new support. Although We have had a rejection I would like to see some more bullish price action before taking this trade
If price can break above this key zone I will be looking for a retest to make that key level a new support. I would also like to see a bullish momentum candle before taking the trade to validate my entry.
Head and shoulders pattern on the 1HR chart. Don't sell so soon though. Sometimes we will get a fake out right at the neckline. Lets wait patiently for a retest of broken support as a new resistance with some bearish price action.
Price is consolidating above support nicely. We have 2 engulfing candles on top of support as well as a nice rejection. I would like to see a break above the recent high for a high r/r long opportunity
We also have some bearish divergence right under a key resistance level. Saying that though price looks very strong headed into this resistance zone. We will continue to monitor this trade but this gives us a short bias
GBPAUD is at a key resistance level right now. It seems to really strong but we could possibly see a huge rejection here. Lets see what happens with the next 1HR candle before we make any decisions. If it breaks this resistance I'll be waiting for a retest for a long set up.
Preferably I'd like to stay with the trend here and have a retest above this key level of resistance for a solid long opportunity. Otherwise I need to see some very strong bearish price action and momentum to even think about a short trade. I may even consider waiting for a double top if for some reason EU becomes bearish. Currently though I am definitely long...
I expect price to have a continuation short here sometime soon. We have clear bearish divergence on the 4HR time frame
Just waiting for some strong bearish price action for a short opportunity here
Waiting for some more confirmation for a short trade here. I'd like to see price come up a little more for a rejection for a high r/r short opportunity.
Looking for a new lower high to give us a high r/r opportunity. I would like to see some strong bearish momentum first preferably with an engulfing candle or a rejection wick. This would confirm that this key level of resistance is strong and our short trade will be valid.
Not only do we have strong bearish divergence but the volume profile is also telling this area is a hot commodity. I will be looking for a short next week on this pair.
We should easily see trend continuation short here to the next key support level. We have clear hidden bearish divergence giving a strong hint that's exactly what should happen here.
Hidden bearish divergence and price seems to be very weak. I love a short set up here. I would like to see on more pull back and a bearish momentum candle for entry.