Price just failed to break resitance and now is breaking lower timeframes lows. We should see price going to next support
1. price rejected weekly support 2. price just broke resistance, following general up trend. 3. support tested to continue going up
Three reasons why I see sells potential: 1. at Daily timeframe price just rejected strong weekly resitance forming triple top pattern. 2. Clear double top at 2058 level. 3. Once price breaks support with momentum it may drop down to 2033
I'm shorting GBPJPY for two reasons: 1. Double top pattern 2. Rejection at fibonacci level 61.8%
I'm selling for two reasons: 1. Multiple rejections at 61.8 fib level 2. Trendline breakout to the downside It may get one more retest of the trendline, which is why I set my SL above that possible level
Short mostly because price got back to the trendline
after losing on the last trade. there was a new support formation which is rejecting pretty clear so I took long to our next resistance.
once price touch the support it will have much probability to break highs and reach my tp which is the next resistance
After price recently broke last resistance at the 30 min timeframe, I'm waiting for a retest on that support which is also 61.8% hopefully making a new higher high targeting -27% fibonacci level. Risk on this trade is 1%.
I entered short trusting the downtrend. Got in at 61.80% fib level plus a clear resistance. Is it breaks to the upside we might see a small uptrend before it drops more.
We have a bearish bias right now, waiting for price to pullback to 61.80% to make a new lower low.
We are heading to the upside. Price rejected multiple times 61.8 fibonacci retracement and daily candle closed with strong bullish momentum
I have bearish bias with gold, looking for a breakout right now.
Price rejected support and we are in an up trend