You can enter the market long until the price reaches next Monthly resistance zone as shown by green dashed arrow. If you choose to do this, go to 4H chart to get a good entry opportunity and ride the wave up North to the Monthly resistance zone. However, a better opportunity awaits you at the same Monthly resistance zone. Wait for confirmation by a candle stick...
Market has been bearish for a few months now and even made a new low since Oct'20. This force can continue only if it can break the next Monthly Support zone as indicated by pink area. If it does, wait for retracement from Daily support zone back towared the Monthly support-turn-resistance zone and wait for bullish price action to confirm this. Potentially,...
It has been several months of up trend and now it has shown reaction on Monthly support zone (pink zone). Likewise, it's showing strong reaction to the North on Daily support line. Enter the market long with Stop Loss below Monthly Support zone, and enjoy the ride. :)
Temporary consolidation between Monthly support and resistance after breaking recent Daily downtrend line. Currently price is on the top zone of the consolidation. Expect forceful bears coming back showing some power continuing to the downside to the next Monthly support. Potential Stop Loss location would be above Daily resistance (blue dash line) and above...
Price has been going through accumulation phase for a few days shown in blue parallel lines. Put stop orders beyond these borders, about 5 pips, to catch strong bullish move to the next Monthly resistance zone and to grab continueing bearish force to the next Monthly support. Cancel the opposing order once one of them is triggered. Stop Loss can be at the median...
Monthly uptrend V fractal pattern shows a strong bullish force in the market. Buy at good price either wait for a pullback to the next Daily support zone as in green arrow route. Or alternatively put a buy stop order on the high of the day. In both case, Stop Loss is tucked away nicely below lowest Daily resistance (blue dash line)
Wait for a strong bullish candle stick pattern before buying on Daily support. Notice that the diminishing bearish power towards Daily support, followed by strong bullish push. Price might go lower than Daily support. Be patient and wait for the right buy signal to the next Daily resistance.
For a moment sellers are controlling the market that drove the market price down to the Monthly support. As soon as it reaches the Monthly support, buyers rushing in to bring the price back up only to a point where the bears are now taking control again. Only with a show of strong bullish force can the price goes back up to the next Daily resistance following...
Equilibrium is reached between bulls and bears where, for a few days, price has gone into steady range of price. If bulls win, price will expectedly bounce between the next on the Daily support and resistance following green arrow route. If bears win, price will supposedly show support on Monthly support zone (pink) and bounce back up towards its adjacent Daily...
Strong Monthly Resistance zone might bring more sellers into the market that creates a bearish push towards next Daily Support zone. Look for strong bearish candle stick pattern (engulfing, dark cloud cover) to short the pair with Stop Loss above most recent fractal high, which might be today's candle. Ride the wave towards next Daily support zone, or the next...
GBPUSD are pinched between Monthly Support and Resistance zones (pink). Daily uptrend has come to an end by the broke of trend line. Strong Daily support zone has been displayed for several days. Opportunity to surf the way down following a break of the first level of Daily support. Followed by buyers rushing in that will bounce price back a little if not fully...
EURUSD is approaching strong Monthly Support zone (pink). Expect buyers on this level that bring price back up to Daily Resistance zone (blue). Potential swing trading opportunity in buying to Daily Resistance zone with stop loss below Monthly Support zone (blue dashed).