AUDUSD broke out of double resistance very successfully & retest it also. now its time to go long.
Price broke out of descending trend line resistance & approached to horizontal resistance, price also made double top which is reversal pattern. so maximum possibility for price is to reverse all the way back. price is also supported by ascending trend line so if price break this trend line support then short entry is confirmed. on the contrary if price broke...
Price is approaching to horizontal resistance. both scenario are possible. if price reject from resistance with bearish engulfing or bearish pin bar then we will o short. if price broke out of resistance & retest the broken resistance as new support then we will go long.
Price broke out of horizontal resistance. price has potential to stay bullish up to next horizontal resistance.
Price is retesting horizontal as well as ascending trend line support at same time. it can move up or down. For confirm long entry price must give bullish engulfing or bullish pin bar on support zone. For short entry it must break support zone and retest support zone as new resistance. price has potential to move down because macd4c showed divergence which...
GBPUSD approached to double resistance . it can move in either direction. we will be waiting for confirmation. but probably price has potential to reverse from resistance. if it broke out of resistance then we will be looking for retest.
AUDUSD is trading inside descending channel, price showed correction against main trend and approached to horizontal resistance as well as descending channel resistance. we will be looking for bearish engulfing and bearish pin bar to confirm entry for short trade.
USDJPY is trading inside descending channel. Price made little correction against against main trend of descending channel and approaching to descending channel resistance. Price is also supported by minor trend line support inside channel. price has high potential to move down because of following reasons price is near resistance. from resistance price mostly...
EURUSD failed to break the strong support, as well as price broke out of descending channel, at the same time macd 4c showed clear divergence, all these combinedly give clear indication of bullish movement.
Please look for confirmation by seeking bullish engulfing or pin bar on support and bearish engulfing or pin bar on resistance.
Main trend of EURUSD on daily & 4h is down trend. now price is showing correction against the major impulse which will be end probably at 1.1990 t0 1.2010. at this region i will look for bearish engulfing to confirm downward movement. if price break this region upside then next resistance is 1.2100. hope for the best
4 reason i found then concluded that pair has maximum chance to move up. price made double bottom, from which trend reverse price give bullish engulfing already price is near to descending channel support from which trader taking buy trades macd showed divergence
Superb retesting of horizontal support...
AUDNZD successfully broke the descending channel and also broke horizontal resistance of 1.0840---50. also retest the horizontal support broken already. fortunately it gave bullish pin bar on broken support. now its golden opportunity to buy. Keep in mind its expert opinion for educational purpose