5PMTrader

5PMTrader

As AUDJPY runs into a resistance, is this a false break and it is ready to breakdown or is it poised to go higher? Interesting to note that the support is exactly half way between the upper and lower trading range for this currency pair.

5PMTrader

Price bounced off a support and made an engulfing bar. If it pulls back a little, it could provide a nice trading opportunity with 3 to 1 RR.

5PMTrader

Price bounced off after hitting a resistance level. This could provide a nice trading opportunity.

5PMTrader

Price bounced off after hitting a support level. This could provide a nice trading opportunity.

5PMTrader

Looks like price is ready to break down after consolidating at a resistance level.

5PMTrader

A Head and Shoulder Pattern forming on the Dow. Are we looking at a major downtrend in the coming weeks?

5PMTrader

An interesting observation on AUDUSD weekly chart. A perfect measured move from C to D would line up perfectly with a previous support

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Old support could turn into a resistance.

5PMTrader

Price broke down from a support level. A re-test of this zone should provide a good short entry opportunity.

5PMTrader

Price bounced off from a support zone. This upcoming week could provide a good trading opportunity on the long side.

5PMTrader

Price broke down from a minor support zone. A small pull back could provide a nice short entry opportunity.

5PMTrader

Price is breaking down after testing a resistance level. This could be a good shorting opportunity.

5PMTrader

Price bounced off from a clear support after a false break. A pull back could provide a good long trade opportunity.

5PMTrader

Prices broke down form a level that acted as a support on two occasions. This level should now act as a resistance. A retest of this level could provide a good short opportunity.

5PMTrader

Prices broke down a clear support zone and immediately bounced back the next day, indicating false break. Prices are likely to go higher.

5PMTrader

A good bounce off of a minor support level, nice bullish price action. A little pull back could provide a nice long entry opportunity.

5PMTrader

EUR/NZD is offering a good opportunity to go short on daily chart. It has made a BEEB at previous support area and it is now acting as a resistance area. Today it is testing that resistance area with a pin bar. This is a good setup which has a high probability going our way. Happy trading!

5PMTrader

Prices are coming back a little after a big move a couple of days ago. I think this is a good long entry opportunity.