New low formed Retest of broken support retrace within fib zone continuation downwards expected.
Price broke bullish structure price made a new low price retesting a previous supply level RRR is 1:4
sell limit placed at 50% retrace RR of 1:2 simple break and retest
Strong push down Retrace to key fib level Retest of broken support
Strong push down after consolation price then went in to correction phase and is now breaking out. I expect price to continue down and have entered a shirt trade.
STRONG PUSH down MARKET IN CORRECTION phase Expecting another PUSH DOWN
Price is being very stubborn but still appears to be rejecting the resistance level by printing multiple wicks We thus place one more sell stop with a target of RR 1:3 Breakeven at 1:1 1% Risk per trade
re enter the same setup as before price has come back to retest a strong level and is once again rejecting this same level. Same setup as earlier will go BE at 1:1
We have a break of bullish structure Momentum is to the downside Price created a double top after a lower high Price appears to be rejecting this area indicated by wicks. Sell stop placed slightly below last candle. We go breakeven at 1:1
Double top after lower high Sell stop placed
We have a breakout of bearish structure with bearish divergence. Sell stop placed below corrective structure. Trade will be moved to break even after reaching 1:1
We have a double top forming after a lower high. Sell stop to be placed. We go breakeven when trade is at 1:1
Bearish structure broken momentum is to the down side After strong bearish push price has retraced and printed 2 rejection candles off the back of a strong bearish candle. This is a momentum trade and will be looking to go breakeven as soon as we hit a target of 1:1.
AFTER STRONG PUSH TO THE DOWNSIDE PRICE HAS RETRACED TO 50% LEVEL AND HAS NOW FORMED A CORRECTIVE STRUCTURE. A BREAK OF THIS STRUCTURE INDICATES BEARISH PRESSURE AND WE WILL PLACE A SHORT TRADE WITH A RRR OF 1:3
AFTER PRICE AS BEEN MAKING HIGHER HIGHS PRICE IS NOW AT A LEVEL IT PREVIOUSLY RESPECTED AND IS SHOWING BULLISH PRESSURE. WE PLACE A BUY STOP ON WITH RRR OF 1:3/ WHEN PRICE IS AT 1:1 WE MOVE STOPS TO BREAKEVN.
After strong bullish push price is now in a correction phase we had a retracement close to 50%. 2 rejection wicks now forming on the 15 minute time frame presents a long opportunity with a good RRR
AFTER PRICE MADE A STRONG RALLY TO THE DOWN SIDE PRICE HAS NOW RETRACED AND IS RETESTING OLD SUPPORT NOW RESISTANCE. WE ARE THUS PRESENTED WITH A NICE SHORT OPPORTUNITY WITH A GOOD RISK REWARD. FOREXCOM:XAUUSD
Price has made a a series of lower highs. Simple sell stop placed below wick entry