Nice short position - strong downtrend on the H4, price is repeating previous retracement patterns - entered trade
Bearish movements overall on the bigger time frames H4 and Daily. We have a strong Daily downtrend and more recent have broken a key H4 level which has been previous support many times and now finally resistance. Depending on candle stick patterns we are looking for rejection wicks, if we get this then enter.
Price smashed through key zone, waiting for restest to enter as the RR currently dont meet criteriia
Just waiting for price to break resistance level, once it does that and retests as support we enter.
Broken key level and now waiting for a restest of the area. Big PIPS potentially. Wait for confirmation then enter.
Wait to see how reacts with 200 EMA, bearish movement, wait for precision then entering.
Currently waiting for price to break this key level, were trading below the EMAS, currently getting wick rejections at current support level.
We have broken the strong H4 Support now testing it as resistance. Once we break a few minor levels looking to short down to next key area.
Price has respected a significant downtrend on the H4 with multiple respected touches. Price has tried to move past strong resistance area but has failed now it seems to be trending down. If we respect the trend line on the way down then look for shorts.
Bullish movement on the key area, price has smashed through zones. Entered
Waiting for price to break this mini resistance level, each minor break it seems to do a little retest before continuation. Alert set and ready to go.
If we can break the 153.440 area and restest it as support I predict some nice long moves up to the previous highs. This level has been tested multiple time so is very strong, keeping an eye on this with alerts set.
Currently testing a key area, waiting for price to close above it bullish and retest. Once confirmed look to entry for TP to next key level.
Waiting for a good bullish rejection off this little support level, overall trend is bullish and trading above the EMAs. Looking for entry
Waiting for bullish confirmaiton candles then entering.
If we continue from the massive downtrend from last week and continue to trade below the 50 and 200 EMA we can look for 2 short positions TP1 and TP2 to the preivous lows
First time actually trading the news ! Used forex factory to gain the insight and saw GBP had Hawkish movements at 7AM. Entered the trade on the 7AM candle which I believe was a catalyst to make this fly.
Wanted to test something and see how it goes, 7am GBP news events deeming it Hawkish. This is normally good for the currency so entered a long just to see if it does follow.