We need to wait for the break of either one of the white marked areas (SnR), then we have to wait for the retest of that white area and buy or sell when the market gives a sense of direction. Our targets will be either the higher identified resistance or the lower identified support. The 15 minute time-frame will be the focus but the 30 minute could come in to...
GJ has seemed to reverse to the upside. Therefore I have placed a buy trade on GJ as the market has moved up into my identified support and resistance, The two previous candles have had longer wicks which have retested my identified area and therefore I believe that this current candle has also retested the area and will go to the upside and hit take profit and at...
With this trade I want to be reactive rather than predictive, therefore if the current candle can close below the support I believe that we may experience a sell movement similar to the purple movement. Although if the candle can close above the support I believe that we may see a buy movement similar to the blue movement.
Nasdaq has retested and was rejected by the red resistance area and has broken through the green support area, therefore Nasdaq may drop down and sell up until that yellow area identified on the chart
GJ is in a downtrend and had a pull back which tested the green area of resistance after there was already a fakeout to the upside, therefore GJ could be in a further downtrend and may test the red resistance area.
The support level has been retested, and the candles seem to be forming a double top which will lead to a sell , therefore I believe there may be a possible sell because of the retest and double top which is forming.
There has been a retest on the current resistance, previously candles were unable to breakthrough the resistance therefore after the touch of the resistance NZD/USD may form a sell and retest the previous support
The are of resistance has been retested by the previous candle and this area has not been broken, therefore GJ will form a sell and may not retest the previous support but may form a pullback
There were touches along the trendline with one very small false breakout, Now there has been a breakout of the trendline with a confirmation to follow then the short position will be taken. Only enter once confirmation is filled.
