UnknownUnicorn186169
Break the trend line, pullback around trend line and confirm my short position
Looking for short setup for the next week trade. Need to watch out on the key level drawn on the chart for the trend direction confirmation.
Price currently reaching the area where there is heavy buy and sell activity occur. Price also just broke my upper trendline and retrace and clove above it. i am long from here and going to hold about 150 pip - 300 pip.
It is time for EURUSD to continue the previous 1 year downtrend. The pair is now offering the selling opportunity at top. trade active.
This is my latest view on EURUSD after pair is struggling to reach my TP3, (previous EURUSD technical analysis in the link below). Support trendline line will be the green line range. Strong support is a 1.07990-1.0820. My view is, if price move towards the resistance red line at 1.0980 - 1.1300 area, it will make small pullback and continue upside. Meanwhile if...
GBPJPY currently strugling to break between 100pips of its high-low position, strong support at decision area giving me idea that the pair is going to continue climb and break the resistance. However i would be more cautions if the price comeback again at decision area. It could be a downtrend continuation. Always lock position at 30 pips
Multiple long wick occur around support area suggesting that the price would not go any low than previous low (mark in chart). Currently price is at my decision point and i am looking buy opportunity only this time with 1:1 R:R
Support around 1.079-1.083 tested for the 2nd time an it held. we can see based on the long shadow/wick formed around the support area. its is good to set pending order around the decision point and trail at 30 points.
This pair is trying to break BRN at 1.0800, i am waiting for next green candle on h4 to confirm my long entry. A big breakout is need to pass the 1.08 support, if this happen then my long entry is invalid. Will look for short oportunity if support 1.0800 broken.
Another decision point occur here at H4 timeframe. price currently testing the support 1 area. My buy signal is when the next H4 candle close with green bar. make sure to lock profit at 30 pip.
Monday candle at NY open unable to break the trend line (decision point), I have set sell limit, instant sell and sell stop around the area between two lower low trend line. Going short for this week expecting few fundamental data will help to reach target before Friday.
Based on H4 trendline and last week Big RED Candle on Daily suggested that this week this pair is going to continue downward after short uptrend on monday. I am short from area 186.00 - 187.50 and the target will be 184.30 - 184.10. I have no clear view on support and resistance level due to every broker have different candlestick pattern.