Textbook setup here. We saw price break through 4hr trend line and has since gone back to retest that area of resistance. It is possible that we see price continue in a downward direction, targeting liquidity found below previous lows. But of course it could go either direction. After all, I'm just a trader, what do I know (:
NAS has broken structure against weekly trendline and entered a period of consolidation. Last week, we saw previous weeks' sellers get wiped out and price finished with a nice engulfing. It is possible that we see price revisit previous highs and grab liquidity sitting above those levels. Will be monitoring price for further confirmation (or rejection).
Hello traders! I hope we are all having a great week Allow me to share with you my (updated) outlook on the above pair. We are in an overall downtrend on the AUD/USD. Price has had a false breakout and retest of a major level of resistance on the higher timeframe, creating a series of equal highs. As we continue to see a rise in interests rates and the...
I anticipate that USDCAD will continue with its downtrend following retest of OB on the higher TF. Considering short entries upon further tests and confirmation. Let's all have a great trading week! :)
Expecting to see GU drop to .15700s should we see a significant break and retest of .17650.
AUDUSD has found resistance at a key level on higher TF. Should we break through the drawn trendline, I will be considering short positions possibly down to .63000 following further confirmation. Happy trading!
We had a BOS at 650 quarter level. Expecting to see NAS revisit that level for possible entries upon rejection. Advice and feedback welcome!
Nothing complicated here. Expecting to see GU retest previous support level and move on to form a lower low, continuing current downtrend
My thoughts on how I anticipate EURUSD to play out over the course of the next few days/weeks.
GBPJPY has returned to supply zone on the 4Hr. Waiting for more confirmation to see how it reacts in this zone before taking short positions. Thoughts and feedback welcomed!
Price action has broken through level 70 on the RSI and appears to be overbought. A divergence has also been spotted and could be an indication of bears rolling in. I am considering taking short positions should price action break below the highlighted support level. Feedback/advice always welcome! (:
I'm expecting price action to break through previous highs and form higher highs, thus continuing bullish trend Feedback/constructive criticism/advice always welcome (:
I am still a beginner in the forex market and I am still in the process of mastering the market. Here is what I think will happen to UJ following a strong bullish movement. Open to feedback (: