Price was in a rising channel on the 1 hour time frame. It has broken the channel to the upside. However this is a key resistance area on the 4 hour chart. Therefore I am watching to see if a key level is broken
If it is broken that means I will be waiting for a retest of the level before going bullish with a swing trade.
If not I will be going...
Disclaimer I am a beginner:
The DXY has been bullish for the entire year. Its been making Higher Highs and Higher Highs. The DXY has been trading above the 200 EMA. The price retested the previous resistance and has not broken it.
I will would wait for the a strong bullish candle on to enter this trade.
Confirm with fundamentals for the outlook of the index.
Please be careful with this trade as the market is choppy.
Wait for a second bullish candle close above the previous swing high for extra confirmation.
A change direction in trend in eminent. Take a look at the bearish candles compared to the bullish candles the market has been struggling to find sellers.
Smart money participation is increasing and the a...
Triangle has formed which indicates that price is undecided. Price broke on the upside of the triangle. Wait for price to break the previous swing high as the trigger for your trade.
Price has bounced off the non horizontal trendline of resistance multiple times.
Price retraced to the 200 EMA and respected the 200 EMA and smart money participation is...
Wait for a second bullish candle close above the previous swing high for extra confirmation.
A change direction in trend in eminent. Take a look at the bearish candles compared to the bullish candles the market has been struggling to find sellers.
Smart money participation is increasing and the a bearish candle has closed above the 200 EMA.
Target 1:3...
I have been watching USDCAD for a while now and it has finally broken a level of resistance it previously rejected three times. This is an indication that the bears are finally in control.
Other confluence comes from a bearish candle has closed below the 200 EMA and increasing smart money participation.
Target 1:3 RR.
Good luck.
Descending triangle continuation pattern. Previous resistance has been broken which trigger the trade. Bullish candle has closed above the 200 EMA.
Smart money indicator is showing institution participation.
Target 1:3 RR & Goodluck.
Short EURGBP if level of support is broken. Use 9 and 21 MA crossing the 200 EMA for confirmation.
Wait to see market participation from smart money to enter your trade.
Target 1:3 RR.
Goodluck.
I am going to take this trade if the level of resistance is broken and the 9 & 21 period moving average is above the 200 EMA. The price bounced off the red trend line and the price broke out of the green channel.
Lastly I will take thee trade when I see smart money is of 5 level for confluence.
Target a 1:2 RR and good luck.
The main trend has been descending, I have spotted a reversal pattern on the daily chart as double bottom. Furthermore I do not think that price is going to break 2017 levels, the dollar has not weakened to that extent.
Buy at 0.70244 SL 0.69504 TP 0.71503
The main trend bias is bullish. I have spotted a bullish engulfing candle on the daily time fame. I think that the price will go back up to test the 0.70000 level again
