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Rejection

NZDCHF setting a new high?NZDCHF is currently in a good short-term uptrend, with the price that is just breaking another area of resistance, setting a new 12-day high. If we have a closer look at the price action, we can see that the setup of the moving averages is slowly turning bullish and the price is also breaking last moving average, the long term one. There is still a possible key-level to monitor, a downtrend line that already had 2 touches and may work as a potential level of resistance. In this case, you can enter the trade now and then keep an eye on that level, evaluating the option to exit your trade if we have a rejection, or you can wait for a breakout of that level. I decided to enter now, with a convenient risk to reward ratio and I will monitor the action around the downtrend line. Good luck!
Long
by FedericoSellitti
1
NZDJPY Sell SetupIf you like the idea, do not forget to support with a like and follow. on DAILY: NZDJPY is approaching a resistance in blue so we will be looking for sell setups on lower timeframes. on M30: NZDJPY is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and then sell on its break downward. Moreover, this one is forming a head and shoulders pattern (still an idea) which adds more confluence to our setup. Good Luck!
Short
by TheSignalyst
NASDAQ - US100 two possible scenariosIf you like the idea, do not forget to support with a like and follow. on H4: NASDAQ is currently trading inside this giant symmetrical triangle in orange. SHORT-TERM: this one is now sitting around the upper orange trendline so we will be looking for sell setups on lower timeframes (M30 and H1) and we will be looking for buy setups as price approaches the lower orange trendline. LONG-TERM: we will be waiting for price to form a third swing around the upper orange trendline to consider it valid and then enter buy after a momentum candle close above it. and we will be waiting for a new swing to form around our lower orange trendline and then sell on its break downward. Good Luck!
U
by TheSignalyst
GBPNZD Buy SetupIf you like the idea, do not forget to support with a like and follow. on DAILY: GBPNZD is approaching a support in green so we will be looking for buy setups on lower timeframes. on M30: GBPNZD formed a double bottom pattern so we are waiting for a momentum candle close above its neckline (and above the red trendline) to buy. Conservative traders should wait for a third swing to form around the red trendline to consider it valid, and then buy on its break upward. Good Luck!
Long
by TheSignalyst
2