LOoking at entering sells on the rejection of this failure to return zone. Targeting a nice fall over next next few hours.
Bank holiday led to a slower volume day today. Will look for price to react around both of these levels and look to execute based on the close of price. Remember to always wait for candles to close before you execute. If you like this kind of analysis, leave a comment below!
Bank holiday led to a slower volume day today. Will look for price to react around both of these levels and look to execute based on the close of price. Remember to always wait for candles to close before you execute. If you like this kind of analysis, leave a comment below!
Selling gold due to a rejection of resistance level. Looking for 20-100 standard pips. No news and bank holidays should mean no strength for the pairs.
SElling GJ on FTB return to created FTR. Swing FTR that acted as support and now will act as resistance. Strong zone.
Selling EURAUD on FTB of created FTR. Swing pivot point that acted as support turned resistance and created FTR. Normally a Avery strong FTR.
Price created an FTR zone which it is now finally revisiting for the first time. Price failed to close below the zone and provided a bullish candle close as further bullish confirmation. Looking to buy till the next pivot point with stops below this current zone. Targeting bearish market open with entries close to line.
This demonstrates a very high win rate concept in forex. Failure to return and First time back. Always watch out for pivot points that make a new high or low as these act as zones for price to react to upon their return. When price returns for the first time tp these price points, high win rate trades can be taken with good risk management.
Targeting buys on euraud as new h1 candle starts. As always looking for minimum ten pips then will manage risk accordingly
The plan here is to sell Gj looking for ten pips then going break even at that point.