Break of daily, retrace to 0.5 and ma previous resistance level.
We have a breakout Daily trend, Formed a range, we Have a retest of trend and a retrace to the key resistance level at this range.
Created new High Lows and Higher Highs, An overall Bullish trend here. Catching a bounce off trend and retracement level
We see a break of range, May get a retest, however we will take the sell from this break.
overall bullish trend, had a shoot to the downside from the NZD interest rate Got a clean double bottom formation perfect for a buy entry
We can see a clear breakout of daily trend, We are looking to go short from the retest.
Overall bearish trend, we can see a breakout and retest which gives a great entry for a short.
Looking to catch this buy off this strong bullish trendline. Would be the third touch of this trend line for short term buy to the bearish trendline.
We can see a few rejections to the downside as well a new lower high being created indicating further upside potential, GBP has been fairly unstable, so trade safe.
We see a breakout of the ascending channel, However, the trade still has a Bullish bias, I was waiting for a bounce on the 0.328 fib level to confirm my Bullish bias so at this point, I knew I needed to go long. Waited for a retracement of the 0.50 fib level and entered a buy. TP is set below the 1.272 Fib level Sl is below the previous low
Taking this short from this top of Daily channel. Key rejection zone. Good RR if this trade set up is correct
Taking GBPJPY short, Its created an equal high before creating a lower high and a new low. Starting a new descending channel. Taking this sell from this touch rejection off this trend from the 4 hourly candles close.
Gold has been respecting this daily ascending trend perfectly and we aim to catch this buy off the trend and off the MA50 from this retracement.
This is short buy, im expecting to a further push to the downside from our TP so will be expecting to Sell from the top.
Selling off dynamic support level here will monitor price action and see how the trade plays out.
Started a decending channel, retraced back to this key level which lines perfectly with MA50 on 4Hr for a good sell entry.