Set up lining up nicely. Price has started to react around the level marked (bottom blue zone). Looking for continuation of bullish momentum.
Yesterdays analysis played out as expected however, I failed to be triggered into the trade. To be a good and consistent trader you must remain 100% transparent in your approach. It's easy to let emotions slip when trades are missed or when losses happen. We need to remember we play a game of probabilities and percentages. Was my analysis correct? Yes, it...
Good hold of support becoming resistance after price broke the previous double bottom. Structure looks pretty perfect.
Potential double bottom which may kickstart this consolidation.
Momentum shifting to the downside. Seeing a good hold which is starting to reject from a previous structural low. Looking for continued bearish momentum.
Looking for a hold on this retest of consolidation for continued bullish momemntum.
Sell Limit has been set for the resistance hold. Levels have been provided. If you are going to use this analysis to put your own funds on be sure to use proper risk management and tailor it to your own trading plan. Do not risk more than normal as I could still be wrong.
Eyes on this zone around the 618 fib level for potential continuations.
Strong bullish indicator presenting for EUR/NZD. Now price has created a new high showing signs of continuation, I will be waiting for the pullback to before looking for entries.
Trendline break & retest around 50% fib level. I have marked a zone that I believe price should hold strong at look at entries. H4 closes in 46 minutes.
First position of the week has been taken using this beautiful break and retest. Currently running risk free with 50% partials taken off. Leaving the rest to run.
Remaining neutral on this position until price develops further. If we form a strong double top I will be looking for continued bearish momentum. However, if price fails to hold I will be looking for a break and retest of resistance.
Momentum starting to shift into the longer term bearish trend with this break lower on structure. Put this pair on your watchlist now! Will look perfect for entries this week and next week.
Beautiful break and retest in play. Eyes on the H1 for entries.
Stopped at breakeven on previous pair. Looking for re entries on this double top formation.
Currently sat at 1:1 from yesterdays analysis.
EUR/GBP (H4) - After consolidating since the 28/09 we seem to have finally broke out the consolidation zone. I was expecting a more impressing break so a rally back into the zone before properly breaking out may be in the cards.