Wait for price action Trendline+qm+h4 bearish big candle Trade at your own risk.
1. Trendline break and retest trendline. 2. Cluster of ressistance 3. Downtrend channel Risk what you are ready to lose.
There will never be right or wrong in analysing the market as a retail trader. Trade at your own risk, manage your lot sizes and do not overtrade. U cad is currently on a trendline and the previous high is still higher than the high before it. There is also hidden divergence. So its a long for me.
This is all technical. Im a very simple trader.. 1. trendline respected followed by hidden divergence. 2. Previous resistance trying to become support.
Possible sideways... The area marked is the monthly zone. Buy and sell as long no breakout.
Strong key level (sbr) with a third touch to the trendline. Wait for price action such as trendline break in lower timeframe for entry.
Previous support became ressistance Snd dbd respected with a trendline.
I just think that this will be the turning point. Downtrend is ended with a new hh and now testing the support
Simply wait for price action on daily or h4. Weekly strong support became ressistance.
Short... Zoom in to h1 we can see divergence and trendline break.
Swing trade for eu... Divergece, break of trendline with weekly bullish engulfing. Posible trend change. Tayor fayor
Hello traders.. 1. Trendline break (green) 2. Strong ressistance break (red) 3. Failed qm sell 4. Entry point in the green box. (Rbr that broke all the sell setup) * Target area will be my first tp. Tight sl. 20-25 pips Tayor fayor.
The rally might continue from this area.. This is a simple divergence and trendline break + retest setup. Moreover, if we go to the weekly chart, we can see that this level is rbs area.
There are two supply area for short.. The green trendline break will be my entry trigger.
Short term short Long term long I expect there will be a small pullback to give the rally more support (trendline) before rallying up again. Tayor fayor
1. Respected the upward trendline(blue) by breaking the red trendline. 2. Ressistance became support area. 3. Divergences. Normal and hidden. I expect the price to continue upward Tayor fayor
1. Broken trendline retest 2. Upward trendline 3. Daily bulish engulfing Tayor fayor
1. Strong ressistance 2. So many bounce from this level 3. There is also a trendline As simple as that. Waiting for price to show bullish cs pattern