Some really key technical elements on this chart you must be aware of when trading forex: 1. Key Levels in the Market. Where price has tested this level as support and resistance. 2. Triple Top Formation - Price has tested and failed to break three times. Reversal indication? 3. Break and Retest Setups - Trending markets where price has broken through...
Will we see retracement to start the week on this pair before another push to the upside? Keep an eye on our marked key level! Wishing everyone a fantastic trading week!
We can see price has been respecting this trendline. Price is pushing to previous highs. It'll be interesting to see what price does at this level. Will we see bears enter the market and price test the ascending channel, possible break and reversal to the downside. Also marked are potential key levels in the market that price may respect either as support or resistance.
Price has bounced off our key level and continues to push to the upside after a small retracement. Will EURO continue to gain on the JPY in a very fundamental week? Watch out this week. Follow an economic calendar and news websites for up to date fundamentals! Have a great trading week! Like always, any forex related questions please don't hesitate to drop me a DM!
Price broke out the range to the downside and is retracing to potentially test this key level as resistance. If we see the confirmation at this level it could be a great opportunity for a short position.
Price has broken out of our range to the downside. Price has retraced and testing previous support as resistance. Can we expect further downside movement? Have a great trading day!
We can see this position still running profitably despite a pullback at market open. In line with our long term directional bias and LTF price action. Lets see how this develops over the coming days. Have a great trading week all! And any questions you have about this set up please don't hesitate to drop me a private message!
We've seen bears take over this market respecting a downward trendline. Will we see price continue to the downside for the rest of the week?
Bears have taken over this market as USD strengthens across the board. Could we some retracement and rejection at our long term key level to enter a short position in line with the HTF trend? Lets see how price pans out during NY.
Price has been respecting a long term trendline and currently testing this level once again after hitting January 2018 lows! Will we see a breakout this week and AUD release across the board? Keep your eyes on this pair!
We have been bullish on the USD for some time now. We've seen a break of our ascending channel and key level in the market in the latest bearish 4HR. Right now we're seeing some rejection of 1.38. Be careful trading this market today with NFP figures out!
EJ has produced some great setups over the last couple of weeks as the overextended bullish cycle continues. We can see a couple of great B&R setups. Will price continue to target the previous highs and form a double top? Will we see some retracement and bears sitting at this level? As mentioned previously, this pair is currently weakness vs weakness.
Two potential price paths have been identified. Will NZD weakness continue? Price residing in an interesting spot, back in our range. Price has broken out one to the upside and downside. Long term bearish on this pair. Will we see that strong downside break now?
USD/CHF - 4HR Chart Price has been trading in this ascending channel. Not long ago we saw 6 year lows on this pair. We have remained bullish on the USD throughout. Price is testing the topside of our structure. Will we see a breakout to the upside or a retracement before another bullish push?
We can see price broke out of an ascending structure following CHF weakness across the board. Price is now retesting the top of this ascending structure. Where will price head next? Two potential price paths for you follow. Have a great trading day and weekend!
Price cycled downwards, currently residing at a key level in price and a trendline test. Lets see how this 4HR closes. Simple structure on the HTF. Identify trend and key levels.
Price has hit our long term targets at the bottom of previous structure and since has found support at the level. Will we see NZD strength prevail and price break further to the downside for the rest of the week? Have a great trading day.
Price has followed our forecasted price path perfectly so far. Will we see a close above this level and a retracement for long confirmation? Happy Trading! Any questions don't hesitate to ask!