The pair is currently trading near a key level of resistance and there was a strong wick reaction on the previous day's close. This shows that sellers are still monitoring this structure closely and are willing to short the market at that level. Therefore, this could be a potential for us to ride the downside of the breakout of the bullish flag and ride the upside...
The pair is currently trading within an ascending triangle and is looking like a breakout soon. Keep your eyes on this pair and it may reward well.
The pair is reaching a key support area and I believe that it will retrace back to the next key resistance before continuing in its move downwards. Hence, there are two trading plans for how this trade can work out.
The pair is trading near a strong key level and a bearish downtrend line. This is a trend following trade as there are no signs of reversal/weakness. Hence, we would look to short the pair, the take profit would be just before the uptrend began with the stop loss above the previous high.
The pair is currently trading near the key area of resistance and is showing a sign that the market is weakening . Hence, it is going to continue to follow the overall bearish trend and we can have our stop loss slightly above the downtrend line . Our first TP can be at 131.928 with a RTR of 2.25 and the second TP can be at 130.613 with a RTR of 3.45.
I took a long position on this pair when it broke above the strong key level of resistance/support. This pair skyrocketed when it broke out of the bearish downtrend line and a key area.
The pair is set to close above the bearish trendline, looking like a good place to go long.
The pair recently broke out of the key area of support and is looking to break downwards.
Gold has recently broken out of a bearish downtrend line and the next level to look forward to is the previous highs. Hence, this trading setup gives us a good RTR ratio. Traders can loo for a retest of the trendline before entering.
The pair is trading within a consolidation area, a bearish downtrend line, and a strong resistance area. Hence, I took a short position on EURUSD.
The pair is trading near an area of support and a breakout may be occurring soon.
The pair is currently trading at an area of confluence, a bearish trend line and an area of resistance. This could be a short trade with a good RTR. Do keep a lookout for any confirmation.
The pair is trading at a key area and it is currently in a bearish downtrend. This is an area of confluence and is looking like a very promising setup.
The pair recently broke out of a bullish trendline and is approaching a support/resistance zone. A short position can be taken if it breaks below the zone. However, buyers may bid up the price causing a rally upwards.
The pair is trading near a bearish trendline and would be interesting to see a reaction to it. When it breaks out with confirmation, a long trade can be taken. Vice versa if it does not breakout, a short trade can be taken.
The pair is set to break above the area of resistance. High chance that it will set a course for the next resistance area, keep an eye on this pair.
The pair has broken out of a bearish trendline and there is a divergence in TMO.
Breakout of the bullish trend line, divergence of TMO.