The market trend is currently bearish, with lower lows and lower highs. It's approaching a strong resistance level marked by a trend line. Every time the market touched this line, it tended to fall. Now, on the one-hour chart, there's a double top trading pattern, and its neckline has been broken downwards. We'll look to enter trades on retest.
I am expecting a trend-following trade from the current daily support level where the market is now. If we look at the 1-hour chart, a double bottom pattern is visible, and its neckline has broken above. Now, at the retest, we will take the trade. ENTRY 0.6108 STOP LOSS 0.6085 TARGETS 0.6139 & 0.6151
The market is currently at the daily support level, where we expect it to move towards the buying direction. If we look at the 1-hour chart, we can see clues such as a double bottom pattern with its neckline already broken above. Now, we will anticipate the trade as follows: Entry: 2.0662, Stop loss: 2.0615, Targets: 2.0717 & 2.0757.
Expecting a SHORT-ranging trade, currently observing market consolidation around daily resistance. Planning to establish support and resistance areas on the daily chart. Additionally, found a double top pattern on the 1-hour chart with a neckline break; considering a trade on the retest. Entry 110.12 Targets 109.72, 109.55 109.28 and 109.01
Market is currently at the daily horizontal resistance, and the overall trend is bearish. There's a double top pattern formed, and its neckline has broken below. Should I take a retest trade?
I am expecting a short in trend following. The current market price is at the horizontal resistance. If we look at the 1-hour chart, a double top pattern has formed, and its neckline has broken below. Entry 0.85475 Targets 0.8518
The NZD/USD market trend is overall bearish. Recently, the market broke below a key support on the daily charts, which has now turned into a resistance for us. Currently, the price is near that level. Additionally, on the 1-hour chart, a head and shoulders pattern has formed, with extra confirmation from a rising channel. Both patterns have their neckline broken...
The daily charts show a bullish trend. I am considering a trend-following buy trade based on the current daily support. Upon analyzing the 1-hour chart, I observe a double bottom pattern and an additional confirmation is provided by a trend line. Whenever the market touched this trend line as resistance on an hourly basis, it resulted in a downward movement. Now,...
I am expecting a short trend-following trade from the vertical resistance where the market currently stands. If we analyze the 1-hour chart, a double top has formed, and its neckline has broken below. Now, we will enter the trade on the retest. entry 2024.97 stop loss 2042.15 take profit 2004.90
I am expecting a short trend-following trade from a current daily resistance level. If we analyze the 1-hour chart, there is a formed head and shoulders pattern, and its neckline has been broken below. Now, we will take a trade on the retest.
I am anticipating a trend-following short trade at the current daily resistance level. If we look at the 1-hour chart, a head and shoulders pattern has formed, and its neckline has broken below. Now, it is undergoing a retest. Entry 1.2674 Stop loss 1.2715 Targets 1.2610
I am expecting a long-ranging trade based on the current daily support level. If we look at the 1-hour chart, a double bottom pattern is visible, and its neckline has already been broken above. Now, a retest is happening. ENTRY 22.61 STOP LOSS 22.47 TARGETS 22.75 & 22.86
I am anticipating a long-ranging trade from the current daily support. When you look at the 1-hour chart, there's a double bottom pattern, and there's a trend line that acts as the vertical resistance for the market on hourly charts. Now, if the double bottom pattern and the trend break upward, we'll take a buy trade. Entry 2025.80 Stop loss 2013.97 Targets...
The market trend is bullish on daily charts, and we're currently at a key horizontal support. The daily candle shows rejection, and examining the one-hour chart reveals a formed double bottom pattern with a broken neckline above. An additional confirmation is a trend line that, when touched previously, caused downward movement; now it has broken above. So, with a...
I'm anticipating a short-ranging trade based on the current market price at daily resistance. Upon examining the one-hour chart, I identified a double top pattern. Its neckline has already broken below. Now, we'll trade on the retest. ENTRY 23.11 STOP LOSS 23.62 TARGET 22.52
I'm anticipating a trend-following trade based on the current price at daily support. Analyzing the one-hour chart, I observe a double bottom pattern. First, wait for the neckline break, then enter the trade after the breakout. Finally, trade on the neckline retest. Entry 96.77 Stop loss 96.45 Targets 97.17 , 97.40 & 97.74
"I'm anticipating a short trend-following trade based on the current daily resistance level. On the 4-hour chart, I've identified a double top trading pattern along with a trendline that previously served as market support. Now, both the double top neckline and the trendline coincide and have broken below. Currently, we are witnessing a retest in our neckline...
I am anticipating a short-ranging trade from the current daily resistance level. If you look at the one-hour chart, there is a double top pattern formed, and its neckline has already broken below. Now, we will take a trade on the retest. Entry 2038.06 Stop loss 2050.50 Targets 2017.60