Necklinetrader
AUDUSD Buy Analysiswe can see that price is still in an uptrend, so we will still be looking for a buy setup.
In the daily Timefrade price retesting EMA20 and there's a rejection.
price has retested EMA20 few times and quite respect to this level.
at the H4 timeframe, price currently trying to create a bullish engulfing formation.
The setup will remain valid if H4 candle successful to create bullish engulfing candle. However, if no engulfing candle is formed, the setup will change.
Our entry strategy is that if the price forms a bullish engulfing on H4 then we will buy on pullback on the yellow line
the target price as on the chart
AUDNZD Buy Setup Price bounced from support level and break trendline
This is an indication of a reversal.
we look for buy opportunities in this setup.
the price may go down one more time to complete ABCD correction.
we can take a buy entry when price retesting grey area, but make sure price have a good price action when retesting that area.
USD/CHF Double Top PatternHello Guys !
Watching this chart I see that in progress formation.
We talk about a DOUBLE TOP PATTERN.
Keep an eye on this chart and we will see what it will happen.
Enter in this trade only if the price will test the neckline, I will come back with updates when the formation it final adn the trade is ready to offer us nice reward !
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Have a great night !
CHFJPY Trade SetupPrice is moving slowly towards the resistance area.
and on the daily timeframe we can see some rejection on the resistance area with a candle wick
this is an opportunity for us to sell.
The setup will be conservative enough. wait for the price to break the trendline and make some corrective structure to confirm.
for aggressive traders, you can try to see price action for early entry
GBPUSD Looking For BuyPrice break channel dan potentially create an inverted head and shoulders pattern.
we can take buy entry when price break consolidation on falling wedge or flag.
also we can wait the price to retesting red area or 61.8 level.
first target is neckline level.
final target on red line