Simply waiting for a retrace to previous broken structure followed by rejection and then downside continuation.
Looking to the left we see price has not been in this area for a while indicating an over extended downward move. Price made a higher low and has now taken out the last lower high which was acted as resistance. We will consider longs if price retests the previous resistance now support.
Gold broke through resistance strongly. Waiting for a retrace and continuation to the upside.
After price made a strong bearish legs it appears the corrective phase is over as the bulls showing signs of exhaustion. Looking for a bearish Price action pattern on the ltf to confirm the move.
Price at resistance lower high formed bearish engulf on the one hour chart
Waiting for Eur:Usd to retest the old demand, now supply area highlighted on the chart before looking to pull the short trigger.
We have: 1.Break and of DTL . Higher high formed Waiting for: Bullish candlestick information in the buy zone.
EurJpy has created a series of lower highs and has potential to continue to the highlighted demand area and possibly lower creating new lows. Currently waiting for price to complete the corrective structure. Will be looking for shorts in the highlighted area marked "sell zone."
WE have: 1.Ascending Trend line break 2. Impulse down leg taking out previous higher low 3. Failure to create higher high 4. Market is creating corrective structure To Enter: 1.We wait for break of current ascending trend line of the corrective structure. 2.Either Enter on break or retest of corrective structure. Stops and targets: 1. Stops few pips above last...