We can see our support zone ( red box ) has been respected before and price may find resistance at this level again, We are then expecting a bounce and move to the upside of about 100pips to our resistance zone where we will have our TP. All the trades we take we place 2 of the same trades with the same SL in place, we will then set 1 trade with a 30ish pip TP...
Purple arrows = resistance Orange arrows = support You can see where price has been respecting our zone as support and resistance... its that's time again, price is currently in our zone so we are expecting a bounce and some movement to the upside to end the week with a strong push... Lets make that money for a Saturday night out on the town ;p CHAMPAGNE ANYONE?...
Purple arrows = resistance Orange arrows = support You can see where price has been respecting our zone as support and resistance... its that's time again, price is currently in our zone so we are expecting a bounce and some movement to the upside to end the week with a strong push... Lets make that money for a Saturday night out on the town ;p CHAMPAGNE ANYONE? haha
Purple arrows = resistance Orange arrows = support You can see where price has been respecting our zone as support and resistance... its that's time again, price is currently in our zone so we are expecting a bounce and some movement to the upside to end the week with a strong push... Lets make that money for a Saturday night out on the town ;p CHAMPAGNE ANYONE? haha
1.72744 Is a really strong resistance on 4H, 1D, 1W and 1M timeframes, but if you look at the current candles on all these timeframes they are suggesting strong bullish movement and a possible break. 1D candle is bearish but with a big lower shadow that respected our TL. 1W candle is a big bullish candle with lots of buying power. 1M candle is a doji candle...
If price can break this support zone and trend line then we could see further big movement to the downside, price might use this support level to bounce once more before breaking, but the overall outlook for price is bearish ( down ) The US economy is in trouble, but the government are trying to pull the wool over your eyes so you don't panic.... A recession is...
If price can break this support zone and trend line then we could see further big movement to the downside, price might use this support level to bounce once more before breaking, but the overall outlook for price is bearish ( down ) The US economy is in trouble, but the government are trying to pull the wool over your eyes so you don't panic.... A recession is...
Resistance Purple arrows Support Orange arrows This lower level of support and resistance is a key level on all timeframes and has been well respected pointed out by our arrows, We can only see bullish movement off this level up to and through our upper resistance level so we will be looking to enter a long position off the retest and break of this resistance....
Resistance Purple arrows Support Orange arrows This lower level of support and resistance is a key level on all timeframes and has been well respected pointed out by our arrows, We can only see bullish movement off this level up to and through our upper resistance level so we will be looking to enter a long position off the retest and break of this resistance....
We can see price hit a very strong resistance 1341.142 after price had been flying high for days, so we are expecting a slight retest into our support/resistance zone ( red box ) before price takes flight again and smashes through the strong resistance ( green line ) and hits our target area ( blue box ) this is the next key resistance area . We can only see...
We can see price hit a very strong resistance 1341.142 after price had been flying high for days, so we are expecting a slight retest into our support/resistance zone ( red box ) before price takes flight again and smashes through the strong resistance ( green line ) and hits our target area ( blue box ) this is the next key resistance area . We can only see...
If you can find a level as strongly respected as this 1 you are onto winner winner chicken dinner. Purple arrows point out to you where price has respected this level on numerous occasions, previously it has respected this level as resistance, We can see price broke this resistance and shot up, Now we can only see upside movement with this pair but price might...
Resistance Purple arrows Support Orange arrows This level of support and resistance is a key level on all timeframes and has been well respected pointed out by our arrows, We can only see bullish movement off this level so we will be looking to enter a long position off the retest of this support. See how simple trading can be and how easy it is to see clear...
Our 1st green line could be 1st sign of resistance ( 36 pips ) on this trade as it has been used before, but our yellow box is the target on this pairing ( 100 pips ) Plenty of bearish movement about at the minute, so this should be a nice quick trade. Our purple arrows mark out where price has previously hit our support and resistance zone ( because we are nice...
You really cant ignore the strength of this set up, candles are at both a TL and resistance level, so to me this looks like a very clear short oportunity.
We can see a triangle forming with our trendline and support level, we are going to see our trendline broke and price fly high.
Lovely strong trendline has formed and will look to be respected once again