GBPUSD IS READY TO SELL GBPUSD was in consilidation for a long time, but broke out to the downside last week. Price has come back up to our support level which became key resistance level. Sellers rejected this key level by forming an bearish engolfing, this indicated that sellers are here and willing to short the market. I expect price to go down to the...
USDCAD came back down to support, got rejected by buyers. On the 4H chart we saw a bullish engolfing on a key level, this indicates buyers will push price to the upside. We can also see the Daily candle rejected our support and moving avarage. Target 25000 Good luck !
Sellers could not break our support level, they got rejected from buying pressure shown by an bullish engolfing candle at support level. I expect price to move to 1902 resistance. Sl below the pattern.
We entered after we saw the rejection from our uptrend channel trendline. Price rejected this trendline and formed a bullish engolfing on the H4 chart that broke our resistance level. Price then came back retested our resistance level that became support and rejcted forming a PIN BAR. I expect this pair to go to the weekly, daily resistance level. Good luck!
This Pair is a overall sell, because price rejected a strong weekly resistance. And is making Lower Lows on H4. But As you can see here price failed two times to break the support level. Price formed bullish engolfing on key support level two times, this indicates that buyers are here. This pattern also formed at our 50% and 61.80% fibb levels I see this pair...
USDCAD is ready to break out of its ranging period. We have a strong "Dragonfly doji" "Pin bar" on the Daily chart, the long lower wick indicates strong buying pressure from this area and rejection from weekly support level. This pin bar rejection occured at a weekly key support level. Which means sellers could not break this support level. A trend reversal is...
50% Pin bar retracement entry. Amazing Risk:Reward
Entering at 50% retracement of the 4H PIN BAR gave us amazing RISK:REWARD. Keep holding this sell. Target is 20800, SL above the upper wick of the PIN BAR. Good luck!