Today, my attention was grabbed by a non-conventional pair- CHFNZD. It seems like it has just re-bounced from a major support level as can be seen from the screenshot. The daily candle is a bearish rejection- pinbar-like. It seems like a new bullish wave is about to form. I will be closely monitoring this pair for a retracement towards 1.4135 and a possible long...
there is a bearish engulfing pattern on the DAX 4H chart. It looks like we might have hit a stronger resistance area than expected. Beware of the daily pinbar, as well.
Hi all, I am looking at the EURUSD at the moment. It looks like it might not break above the current resistance area at 1.1250. There are two possible scenarios: if the level holds, price will dip down to the support area marked. If it manages to break above, it has a long way to travel :)
Hi guys, I am looking at this potential long AUDUSD setup. There is a bullish engulfing pattern on the 4H chart.
Looking at a potential bullish engulfing on the 4H and a long trade setup
I am looking for a potential short on DAX. It looks like there is a rejection by the imminent resistance area. Looking forward to the closes support area for first target.
I wrote a few days ago regarding a potential short setup, which has now materialised. The question is where will this end and are we going to see a bounce-back from this all-time highs. Price action will show, but for now I am short
Looks like we are about to experience some profit taking:)
I am looking at a possible new NZDUSD setup. The price did not go lower and has been on the rise since then. As you can see from the screenshot, it looks like it might be bottoming out. The daily candle from Friday is a long-legged doji (showing indecision). Today’s candle is most likely going to be a bullish candle. One way or another, I will be looking for a...
Looking at a resistance area that proves to be stronger than expected. Ready for a trade against the trend?
I am looking at AUDJPY- there is some potential for a small long trade. The first resistance level will decide if we will see a break-out or a reversal.
A possibility for a support-resistance range trade
Looking for a price action confirmation around this support level. If we see some rejections, this would be a great long setup.
Today’s trading setup is coming from the XAGUSD (Silver) market. I have spotted a daily pinbar, which has formed just above a support level of 16.500. I am looking for an intraday formation to possibly go long. A good entry point would be 16.750. Currently the price is trading slightly higher, but am looking for a candlestick confirmation. My stop loss would be...
Today's trading setup is coming from the AUDUSD pair. I am looking at this pair and seeing a major support level. I am also seeing a price action confirmation. The daily candle is a bullish engulfing candle that has formed after a long-legged doji candle. This bullish confirmation after a hesitant candle is giving me green light for a long trade. If I decide to...
Looks like GBPUSD might be topping out. Watch-out and be ready for the next move down
I am looking for NZDUSD to go lower to about 0.6880 and then bounce back up towards 0.7000 and then maybe to 0.7080 (depending on price action).