On the next candle stick, price should pullback to supply level, then short for to pink demand level for consolidation. Entry : 1.38305 SL: 1.38437 TP: 1.37917 RR: 1 to 3
back orders need to be filled by the bulls . small pullback then long to next resistance level. RR- 1:1
trend line breakout to the downside at Open
Break of structure to supply zone. Bullish candles present- price broke through demand zone confirming the long position. Price just crossed the 8 EMA as well. Entry- 0.70139 TP 1- 0.71231 TP 2- 0.72725 Like and Follow if you agree!
Hello, I am working on my technical analysis with my charting. Please feel free to comment and give more input if you agree. NZDUSD has been bullish since March of 2020. Price action previously respected the uptrend parallel channel reaching a major resistance level of 0.74690. There are resistant candle tops that show a downtrend forming in the market...
Price is respecting the uptrend channel. M pattern formed, price should bounce off 23% fib level which is the new demand level and continue in long which is confirmed by the parallel channel support trend line. Enter buy when price goes over the 8 EMA Entry: 0.71896 TP: 0.72675
Strong trend line support and resistance levels. I'm suggesting that the price will have a pullback. sell opportunity from 0.71967 to the 0.71065 price line and then long to the supply 1 level at 0.72992. Let me know what you guys think!
4 Confluences showing Long Position -Price is respecting the parallel channel -Elliot wave expected to continue to be consistent with the parallel channel; impulse and retrace up to supply zone. -EMA 8 and EMA 14 consistent with wave analysis. -All information correlates with Daily, 4HR, and 1HR charts. Buy Limit Order: 0.72597 SL: 0.72205 TP:...
Price just fell below the 8EMA Smart Money candlesticks presenting. Price action respecting the parallel channel. Bearish trend pattern revealed with ema trend, follow trend line down to TP @ 1.37212
Sell opportunity...price hit the resistance level in the parallel channel. Multiple attempts to break through resistance. There is an opportunity to take a short position down to the pivot line. TP 1 & TP 2 then chart will hit a reversal.
Strong resistance level @ 0.71704 Candle tops hit the supply zone shown. Ema 8 shows price action crossed below the ema trend line for a downward trend --- sell limit order placed @ 0.71255 to confirm trend and stay clear of a bullish fakeout. take profit when price hits the demand zone @ 0.70058