The position that i entered moved 90 in just a couple of hours so moved the SL to BE to make it risk free
price reached the weekly trendline and now it made a head and shoulder.
Guys as shown in the chart the price broke the old support zone now it is testing it as a resistance zone stoploss just placed on the top of resistance good luck guy
AS SEEN THE SUPPORT IS BROKEN AND NOW IT IS BEING TESTED AS A RESISTANCE LEVEL AND ITS ALSO RESPECTED ADN HOLDING PRETTY WELL SO I JUST ENTERED A SELL AND WITH A RR OF 2. GOOD LUCK GUYS
GUYS DOUBLE TOP IS FORMED AND THE STRUCTURE BROKE DOWNTREND MARKET VOLATILE THESE days BE CAREFULL WHEN ENTERING MARKET GUYS.
As seen the price reached the bottom channel and now it is respected amazing trade with amazing risk to reward ratio. Just use small lot sizes in these days because the market is volatile. Keep calm and trade!
Extending pattern spotted in this pair as known i they provide nice RR
the above level is respected and now let's see how the market will react to this level if it goes down I will be shorting this pair with a RR of 2.7 not too shabby. if you see there is also a head and shoulders pattern in smaller timeframes
Waiting for fresh moves in the Newyork session the market mostly looking bullish for me over here so I will be entering this trade as seen the price broke the resistance level and afterward it is now coming to these that level as resistance so the overall direction will be buy
Price rejected the resistance area is currently going down EASY AS THAT!
Price reached a resistance level and i am sure that the pair will go down.
In my opinion, the price is really overextended. it may do corrective impulse. Nice Risk to Reward Ration can be extended using trailing stops.
AS SEEN IN THE CHART THE UPPER YELLOW LINE IS A WEEKLY TRENDLINE WORKING AS A DYNAMIC RESISTANCE LEVEL AND IS VERY STRONG. IT IS STRONG BECAUSE EVERYTIME THE PRICE REACHES THAT LEVEL IT STARTS A BEAR RALLY. AND THERE IS ALSO A DOUBLE TOP PLOTTED IN THE CHART.
As seen on the chart there are 3 ways that this pair could be shorted. The range is as big as the TP is equal to the range.
There is a bullish flag spotted in H4 I'm waiting for it to break then I will be entering short trades in this pair.
A lot of rejections and wicks are formed on the upper weekly channel and the trendline from the previous lows is also broken. so mostly I will be seeing for sell opportunities in this pair. I will also be entering a signal right away in the Monday market open. good luck!
As seen the pair just broke resistance level and also retested it so it may be going upwards the risk to reward ratio is also quite well it is 1:2.5.