Lastkiss
last kiss trade setup (GBP/AUD)(SHORT) very useful!!Blue arrow points to bearish candle that breaks channel (Green Lines) Orange arrow shows candle that retouches channel zone and falls to close bearish *Must close in favor of candle that broke channel (Bearish in this case). A sell stop would be placed under bearish confirming candle Pink Line & Pink Arrow show this entry.
There are other factors that go into play with this trade!!
Message with any questions.
NZDCAD 1h/4h Retest of Broken SupportFor this setup, It is best seen on the daily and 4h charts, but for the sake of this analysis, I am looking at a last kiss (retest of broken zone) setup.
On the daily chart, price broke through a significant support level, and is now going up to retest it.
In my opinion, when the current 4h candle closes then that will be a much stronger signal to short than the hourly candle which has already closed.
A short position is valid in this case.
EURJPY Last Kiss Long PositionThis week when markets opened, the first candle closed bearish, just above the support zone. Today's candle, when it closes, will indicate bullish momentum as price bounced up from the support at around 118.41
My position is as follows above.
Euro has been showing significant strength across all pairs.