given then ranging nature of the price, there is an opportunity to scalp possible rejections on resistances Will enter trade if 15m resistance rejects price and forms a bearish wick. Trade according to your system only. Sl10 pips tp 20 pips Sell stop- pink line
trade gives respect to the small hourly trend, short bias. it seems to have rejected the hourly resistance and pushing down to 15m support. breaking the support continues the trend downward for a potential of 20 pips and possible more. but must take note of the possible bullish trend continuation, however not viable to enter as momentum is diminishing. will enter...
price seems to be losing momentum unto a strong 1D resistance, we should be expecting a small pullback/ ranging price between the grey area if the candles confirm. will enter trade if the aforementioned resistance pushes the price down or shows rejection. trade according only to your system sl 10 pips tp 20 pips sell stop - pink line 1.09858
This analysis have 2 particular opportunities on both break of either 1 hr support, signalling bearish trend, or break of 15m resistance , continuing the ongoing range. Taking the trades if candlesticks and price action confirms only, with accompanied momentum. Trade only according to your system Pink lines - buy and sell stops
If bull loses momentum , giving respect to the trendline, it will reverse until the trend support. will enter trade as candles confirm. trade according to your system only tp 20 pips sl 10 pips sell stop - pink line 131.708
Price action seems to be giving respect to the higher trend (1D) analysis given the consolidation on the trend resistance. With it, comes with a high possibility and confidence for price to enter a minor pullback/ reversal. Candles also shows that bull is getting weak on the 30m tf, a good indicator for a reversal. Higher timeframe analysis displays higher pips...
This particular trade requires an engulfing bearish candle to confirm rejection and forming of a new bearish trend. assuming momentum is there to break 30m support, it shall abide by the daily analysis ( bear) trend. confidence of trade is until 1H support. daily analysis however, signals more potential pips. trade according to your system only. sl 10pips tp 20...
Gray area shows ranging price, looking to scalp for 20 pips tp and 10 pips sl assuming it doesn't breakout Hourly tf analysis shows a down trend overall. resistance strengthen by trendline increases confidence. just awaiting for candles for confirmation. sell limit on pink line
Candlesticks enter into consolidation to push into a lower price, currently sitting at middle support of the trend price pushing at 131.145 creates an opportunity for a small pullback unto the major trend resistance intersected by 1HR resistance, possibly higher as bear is weak by price action trade according to your system only will enter trade as candlesticks...
Looking for a range at the grey area, along the trend line resistance Pink line indicates entry point as long as the candles' wicks confirms sl; 10 pips on 15m minute resistance tp; 20 pips