Breakandretest
AUDCHF H1, very steep uptrend!This pair is currently in a very steep uptrend. Price cannot maintain a move like this for an extended period of time without there being a correction. At some point price will breakout of this uptrend and begin to sell. You can set an alert and wait for the sell or wait for price to pullback to the trend line and enter additional short term buys in the meantime once you see signs of rejection in this area.
USDMXNIt did break strong support nad currently it is retesting.. I personally would like to see retest for short.
GBPCAD LongPrice has broken our 4hr downtrend line and is currently retesting the backside. This looks like good entry areas for long positions.
EURUSD H4, wait for reversal pattern to form in resistance zone.Price is currently near a resistance zone. Drop to a lower time frame and wait for a reversal pattern to form. Enter a sell once price respects this zone and breaks out of a reversal pattern in the direction of the trade.
USDCAD H4, wait for retest before entering a sell...This pair is currently in a downtrend and has been making lower highs and lower lows. Price recently dropped lower than the most recent low. This signals to us that it's possible that price can pullback and retest this zone before continuing to sell. Drop to a lower time frame and wait for a reversal pattern to form before taking this trade.
However, be careful with this pair because price is near a major support zone and could reverse.
NZDUSD H4, wait for retest before entering bullish trade.Price is currently in an uptrend. Wait for a pullback to the support and resistance zone before entering a buy. Drop to lower time frame for a better entry.
GBPAUD H4, wait for retest before entering sell.GBPAUD has recently broken out of a previous support zone. We could possibly see a retest at this zone before price continuing in a sell. Drop to a lower time frame for a better entry after a reversal pattern forms.
GBPNZD H4, wait for retest before entering sell!GBPNZD has broken the neck line of a support zone. Price can possibly pullback and retest this support and resistancce zone before continuing to sell. Drop to a lower time frame for a better entry.
AUDUSD H4, wait for retest before entering buy...Price is currently in a long term uptrend and has been making higher lows and higher highs. Price recently broke above the most recent swing high. Monitor closely for a potential retest to the support zone. If price pulls back into this zone, drop to a lower time frame and wait for a reversal pattern to form before taking this buy.
EURGBP H4, wait for retest before entering sell...This pair is currently in a downtrend and has been making lower highs and lower lows for approximately 1 month now. Price recently dropped lower than the most recent low. This signals to us that it's possible that price can pullback and retest this zone before continuing to sell. Drop to a lower time frame and wait for a reversal pattern to form before taking this trade.
CHFJPY H4, inside of a range...Currently in a 4H range, price recently formed a double top at this resistance zone and it's possible that price can drop to this support zone to create a double bottom. If this happens and a reversal pattern forms (on a lower time frame), wait for the pattern to fully form and enter after the breakout. However, if price breaks through either zone, wait for a retest before entering a trade in the direction that price is going in.
CADJPY H4, monitor closely for possible reversal.Price has dropped lower than the most recent swing high which is one of the first indicators of a change in trend. If we get a retest at the resistance zone we can wait for a reversal pattern to form before entering a sell. It would also be possible to enter a bullish trade back to the resistance zone once this idea plays out.
EURJPY H4, inside of a range...EURJPY is currently within a 4H range. Price recently formed a double top at this resistance zone and it's possible that price can drop to the support zone to create a double bottom. If this happens and a reversal pattern forms, wait for the pattern to fully form and enter after the breakout. However, if price breaks through either zone, wait for a retest before entering a trade in the direction that price is going in.
AUDJPY H4, break and retest!Breakout on the H4 time frame. Wait for price to pullback near the support and resistance zone before entering a buy. Look for a reversal pattern in this zone before entering a bullish trade.
EURJPY H4, signs of rejection at Daily resistance zone.This pair is also forming a similar pattern to AUDJPY. We can see signs of rejection at a Daily resistance zone. Price has also made a lower high which shows that bullish momentum is slowing down and the bears could be taking over. We can see that a pullback is forming and price can decide to continue buying to the Daily resistance zone OR make its way back to the trend line, breakout of this uptrend and start to sell. Wait for a breakout and close or breakout and retest below this uptrend before entering a sell.
AUDJPY H4, ideas for possible sell entry.On the H4 time frame we can get a clearer picture of what price is doing. Previously price made a 3rd hit to a Daily trend line and if price continues to respect this zone, it can make its way back to the trend line for a 4th time. If this does happen along with price showing resistance at the trend line without breaking through it, we can look to enter a buy at the trend line.
However, if price breaks through the trend line and closes below it we can either enter and place our stop loss above the previous swing high or wait for a retest before entering a sell.
I have included 2 ideas about what price could do if it does not break through the Daily resistance zone:
1. Price can make its way back to the trend line and breakout into a sell.
2. Price can make its way back to the trend line, respect this level, buy back to the resistance zone before starting to sell again. If this idea takes place and price returns to the trend line for a 5th time, we can look out for a breakout into a sell once price does not respect the trend line again.
Feel free to comment and ask me any questions you may have :)
GBP/CAD High Risk SellHigh risk fakeout sell setup. Against the 50EMA (Which its reacting to on the 1HR now) so it's high risk. Also against the overall trend.
EURJPY - BROKEN TRENDLINEHello guys!
I will keep it compact as always:
1. Trendline is broken
2. Support zone is broken
3. Support became resistance
4. Momentum is underneath the EMA50
5. Now waiting for a pullback with some rejections on the 15M timeframe.
6. If it breaks resistance zone with some long candles, then I will be looking for buys after a pullback with rejections ofcourse.
And as I always say, IMPROVISE THE MARKET!
I hope you like it!
