As we can see from the charts, our pair has bounced off the support and I suggest we go long.
We see a formation of the Head & Shoulder pattern on our charts. We are looking to take two trades at two different entry points.
Hi traders, this is your Price Action Coach, we are looking at the possible profitable AUDCAD buy. Our pair has just bounced off the support.
We need confirmation candlestick pattern to long EURAUD.
Our pair is trapped in an upward channel, it has established an upward trendline as support on the 4hr chart. And price action tells us to go long the third time price bounces off the trenline the third time.
You know breakout and re-test? This is it, we are continuing with the trend.
It is the continuation of the down-trend. Remember the trend is your best friend. We see a possible formation of Double Tops pattern within the parallel channel.
GBPAUD is a very volatile pair. Use proper risk management for this trade. Happy New Year
"The trend is your best friend", we are willing to break the rules and go short before following our friend. And looking at our chart we can see that we are approaching a trendline that could serve as our resistance line. Let us wait for the market's signal at that significant level. Trade the plan.
Possible tripple top formation in play. Let us go short on Thursday open.
We are setting the pace for the new year already. Here we have a possible double top reversal pattern.
Here we see that our pair has reached the support level. All we need is a bounce from the support and reversal confirmation candles to enter our trade.
The pair has been rejected at the resistance level. We need to wait for re-test then go short. Thank you.