Similar to NZDCHF (Makes for decent correlation) , in a case like this one pair will just work as a leading indicator where price will go , if you miss one there's another one, use it to your advantage i guess (doesn't mean you should have positions open on both , it just means double the risk not the money, you could but that's not the best idea) evidently...
minor res broken forming 2nd bottom on trend line (GO DOWN TO 4HR TO ASSESS SITUATION AND FIND RIGHT ENTRY FOR YOURSELF) P.A- 0.63000 for early entry ( this level is prone to getting triggered early af if price decides to be on some bs) could be a good outcome or bad , close to current price (good stops and lot size can save you ) P.A-0.63249 safe entry after res...
two resistance lines first broken with ease second should be straight forward after price retraces as it does. could a fake breakout and price descends back below first res (less likely to be false)
(longterm) find entry on 4hr after signal shown on retracement line. (late entry) after neckline as principle states but "F" that if you know yourself., tp could be before resistance line for safety or P.A and watch. if price is in that area at or near end of week , take profits and watch for break following week or so
GBPUSD continuation, price has finally broken out of lowest zone , possible recovery of the pound according to technical. 1.27246 RES to be broken immediately or retrace at 1.25731 for break & trend continuation. comments welcome
Price shot back into my descending channel , do you think it will break to the upside , i have been avoiding trading any pound pairs lately, however is this recovery long term or short term ? i stick to what i see on the chart , maybe some fundamental analysis would say otherwise, it would be interesting to get a different perspective.
prediction , breakout on major resistance , minor res broken, price retracing as it is the end of the week , amazing that price literally stopped at that resistance right there, otherwise good momentum even on higher time frames opinions and engagement welcome as always price is going back into the lowest zone of my key zones , so that is also part of my...
earlier on during the day analysing this chart had pointed out that double bottom , few hours later that red candle followed , im curious as to that makes the DB invalid , considering its Thursday , pretty much the end of a trading week, could it be foreshadowing what we will see next week or expect , i personally do expect price to continue upwards...
rising wedge or pennant depending on own interpretation of the chart. near resistance. inside bar on weekly
inside bar or inverted hammer on weekly , double bottom on daily about to form(possible) ,4hr cradle pattern near resistance. thoughts welcome
im expecting a breakout to the upside and continuation of this uptrend back into a zone that i had marked. this zone ahead is a confluence of a downtrend and an uptrend ,which will be the major major breakout , that will determine the long term direction for weeks to come. SPINNING TOP TO END LAST WEEK'S SESSION , understanding of spinning tops tells us that a...
at the opening of the markets price has stayed steady on this level , if you look left on your chart history , this level has been support multiple times, and we have just managed to break a resistance that maintained its integrity well., more reason for it to be a trend continuation setup. its important to remember trading principles , price does not always go...
if you are on the 4hr , then price might just be retracing as it doesm this analysis can be applied to smaller time frame than the daily. LOOK LEFT SUPPORT HAS BEEN ESTABLISHED !!!
BREAkOUT ACHIEVED HOWEVER i wouldn't enter until past that level of 0.99243
as is the title , i have been anticipating for price to break below the shown line or price, level. T.P TARGET IS DEPENDANT ON LEVEL OF PATIENCE!!
the lime green is the mid section of what you might consider a consolidation box if you are a loooong term trader, however you really just trade up and down in that box there , which is also looking like a double top to be fair. Long term i am anticipating a sell , and price could reverse on that lime green line or the red line , either way im looking for a...
consistent support line through breakout retest of resistance , turned support
update on a post a long time ago broken out of that consolidation box , anticipation a break out on that trendline , last time price was rejected, however we are retesting that ,