Simple support resistance trading followed by rejection on major support zone
Head and shoulder pattern indicating possible right shoulder formation :)
GU hit a major reversal / resistance zone earlier, decided to take the trade after seeing a bearish engulfing on the 15 Minute TF
Waiting for price to hit this major psychological level for a long entry to the previous high
EUR/JPY Price has bounced off of a previous support and created a bullish engulfing with bullish momentum EUR/JPY Long Entry : 132.732 SL : 132.486 TP 1 : 133.012 TP 2 : 133.364
XAU has hit a major reversal zone on the 1 H TF expecting price to hit 1795
Break and retest of price of XAU Price broke the daily resistance of XAU Expecting price to retest a key support zone from previous price action and move up towards a previous Major Resistance zone
Entry on bullish candle after retesting the daily resistance level on DTF
US30 is currently consolidation / ranging in the daily TF In the 4 Hour TF you can see US30 is heading towards a key resistance zone Expecting price to bounce from resistance zone back down to support If price breaks and retests resistance, expect price to head up
Signs of strong rejections on 4 H Time Frame : Psychological level 152.000 Rejections Aiming for 150.000
Price is currently in a bullish channel Price showed strong signs of rejection before markets closed on the support zone of the channel
EJ is currently ranging like crazy right now EJ's price bounced off of resistance and created a bearish engulfing candle before markets closed Expecting EJ to go back down to the previous 2 supports which we can use as our TP 1 and TP 2 Use R:R according to your own trading plan!
GJ is currently consolidating on the 1 H Time Frame. As such we'll be trading the consolidation from resistance to support. Before markets closed, GJ created a bearish candle that closed as a engulfing bearish candle, supporting the idea that price respected the consolidation zone and has respected the resistance zone also. We are now expecting price to hit the...