Sell off the short term support break. 1804 could press as support. 1795 is a major support. 1750 would be overall short aim but realistically TEST 1 1778-1780 area first.
Price breaks corrective pull back temp risisng support, short term support test then major support zone around 1795 area (TP1) 1795 break could see price heading 1750 (TP2) then 1680 (TP3) Not including Entry price or SL price because we should adjust to what the charts are showing us, keep an ey on corrective pullbacks. Be aware of data releases & volatility...
bounce off resistance to support
Rising wedge within a consolidating market condition, nice sell set up to reach the support level & possibly further
Lower highs atm, breaking temp supports. Waiting for key level to break for sell, buy break of slopping resistance.
Resistance holding (purple line) Possible retest of broken slopping resistance now major support (blue lines)
line chart clearer to see Head & shoulders neckline has already broken and been tested, slight drop now testing neckline again - its a slight consolidaition.
I Know its messy, its just support & resistance lines. If previous support now turned resistance holds Key areas: 134.600 is proving to be a hard levels bulls to break properly
Just my perspective: Major area around 11000 so a decent break above could be more than just a pullback within the bearish price channel & the new start of the bulls... COVID-19 second wave fears keeping investors away so I’m leaning more bearish. Evaluate & adapt
Price is consolidating.. a break above 0.97000 considered a bullish market, a break below 0.94000 considered a bearish market. Around the 0.95500 level is the mid price of the consolidation. Waiting for moving average set ups on lower time frames as confirmation of direction. Friday 4th september candlestick close on daily time frame is showing SMA sell set up...
Buy idea +150 pips price is currently consolidating on the trend channel support after a down move from the trend channel resistance. Wait for price to break the resistance of the consolidation period (which has been tested several times so far. A dominant candle on the 5 minute chart will push direction.) AIM = the resistance of the trend channel. just my...
DAILY CHART Sell idea. Moving average sell set up & a potential support break. Sell at low price of Friday 4th September candlestick = 116.067 (roughly - depends on your broker price)