Looking for more downward movement from EURUSD. expecting it to reach the lows that occurred because of brexit. There has been a hammer candle formed on 1hr time frame and expecting a similar candle with the 4hr. Stop loss above the high of the current trend.
Head and shoulders pattern completed. Waiting for the reversal around the resistance area, orders placed below current market price. 2 TP in place, expecting the first to be hit followed by a small retracement then another wave of downward pressure to break the support(1st TP level) and continue the downward trend ...
Possible retracement about to occur. There has been a strong uptrend with no real pullback, 2 candles of indecision at major resistance area could mean a possible reversal. Sell order placed below previous candle with stop loss above the previous swing high, take profit at the 0.5% Fibonacci level.
looking for a pullback onto the broken resistance area which will hopefully act as a support zone. Long order placed at this level as I am expecting a continuation of the uptrend. Good risk:reward ratio.
Strong uptrend on 4hr time frame followed by uncertainty in a key area of resistance. Stop sell order placed below previous candle lows, if it is triggered we should see a reversal back down to previous swing low.
Bullish engulfing candle on 4hr chart, could represent a change in short term trend. Price is sitting on a strong support zone so an increase in price is looking likely. Take profit just below 0.5 retracement at the previous swing high, with the stop loss below the major support zone
There is a potential for a short trade opportunity. AUDUSD should fill the gap created from Sundays open. Price is likely to bounce off resistance and if it does then we could see the completion of the head and shoulders pattern
Strong uptrend on the 4hr timeframe, followed by a candle of indecision at a significant resistance area represents a possible trend reversal. Stop order placed below last candles low, with the stop loss above the previous candles high. TP just above the major support zone.