Placed this trade at 7am where the small red arrow is on the chart and TP at 8am where the blue arrow is I could see a potential reversal in price to previous levels and the candles indicated a reverse
1hr chart , MACD is indicating reversal, Macd Line & Signal Line are crossing whilst histogram is showing bearish volume - 4hr chart the past 2 bullish breakout, the reversal happens very quickly - 1day chart, same applies with the bullish breakouts
Eur/Jpy is currently in a weekly uptrend however there has been a bearish flag over the past couple of days which looks like it might be coming to an end with uncertainty in the 4hr candles - potential double bottom - downtrend break out? - Doji on day chart and candles indicating reversal I would potentially set a buy order at 1.25733 to see if the market reverses
On the daily chart when there is a bullish breakout, the following day the bearish candle seems to retrace immediately Potential for the candle to reach lower range channel levels Candles indicate a possible reversal MACD has crossed the signal line and histogram showing volume for a bearish market
Continuation of the downtrend Candles have been uncertain overnight and now indicating volume coming in possible bearish reversal candles and clear confusion whilst side trending
The dollar has gained strength today after sever months in a bear market. The strengh of the dollar has slowly weakened since yesterday on 1hr chart. Some uncertainty signals on 1hr chart Set up short entry order at 1.19247 if the market begins to short Set up trailing stop with SL if trade is executed
Euro has hit resistance overnight and now starting to a downtrend MACD line has crossed with the signal line indicating a change in the market 1hr and 4hr chart shows doji's which indicate reversal
Following the weak dollar, I have placed another short on USD/NOK Doji's and hammers show uncertainty in the market
USD gained strength overnight I have noticed USD has already shortened on some exotic Fx pairs meaning it will likely do the same when traders come in UK time
I am not placing this trade as I have reached my daily limit for trades, however, I am publishing it to monitor how it plays out... - MACD is crossing signal line - MACD Histogram is showing volume over 0.00 - 4 hour chart is showing signs of reversal how momentum has slowed and now a doji is showing
Short placed as candles indicating the beginning of a short trend
Candles at the top of daily resistance. 4hr and 1hr candles indicating a reversal
Numerous Dojis / hammers on the 4hour chart. 1hour chart indicated that the price was beginning to reverse. Candles were starting to form bearish.
6am hammer candle. 7am engulfing candle. 8am momentum picking up to continue a short direction
Other EUR currency pairs currently in downtrend. Eur/Usd has started to short yet. Currently at the top of resistance. Candles indicating uncertainty.
Price reversed after hitting resistance. Trade placed once momentum picked up and confirmed price direction change.
Bit of a risky buy, Opening slightly high GMT Feel the market may be bearish
Following downwards trend 21:00 candle resting on resistance