We have some nice bullish candlestick formations along with a new higher low.
1580 has been notorious as a strong area. If it does not break through expect a nice long trade :)
EURUSD has broken through support very easily. I would like to see a retest with some bullish price action making that resistance a new level of support!! 🙌
Comfirmations: 1. Engulfing candle on the 4HR chart 2. Double Top/M Formation 3. RSI is headed below the 50 level 4. Hidden Divergence on the OBV 5. We have regular bearish divergence on the OBV. All we will be waiting for is a break below the trend line and a retest. Be patient my friends and keep your risk tight. Please let me know you ideas! I'd love to hear.
I still believe The British Pound will continue short. We have some news this week that will be affecting GBPUSD as well. I will be waiting for the retest of the new resistance area before I take the short entry. If it does for some reason turn long, I'll wait for a retest of the previous support for a long entry.
I don't have many doubts about this long trade...
Waiting for a retest of the resistance line for a short trade. Don't get caught in a fake out :D
I have been very accurate on a majority of the charts I have posted! Including GOLD! Do you agree with me on USDJPY?
I think this is looking pretty clear. That's a textbook long set up if you ask me...
The weekly is lining up nicely to at least go back into the 1450 area. There is clear divergence and the confluence of price action justifies the trade with a strong short bias!
You have to be losing your mind if you're going long against this weekly candle...
Well i've been in fire lately! I'm definitely feeling a lot of momentum to the down side. Let's drop down to the next major support level!
Lets go long back to the strong resistance line!