czasnaefekty

czasnaefekty

Just before the resistance level, marked in purple, a wedge is forming. Will the price break through the resistance during the third attempt?

czasnaefekty

The price is rebounding from the monthly support level. Currently, a beautiful breakout of the trend line is visible on the weekly chart. Stoploss below the previous bottom, Take profit just before the next obstacle: the resistance level.

czasnaefekty

On the hourly chart, we see a triangle forming. After a clear breakout of the triangle during the next session, we will look for opportunities to enter a LONG position.

czasnaefekty

After breaking through the triangle formation, we can expect declines. It will be safe to assume that the price will reach the S/R level marked on the chart, which gives us a 2:1 profit to risk ratio

czasnaefekty

After the price bounced off the resistance level, we wait for a return to the support level. We expect a reaction at the support level in the form of a candlestick pattern or a technical analysis formation, such as a wedge or triangle. When an opportunity arises, we take a long position. We set the stop loss below the support, and the take profit at the next resistance

czasnaefekty

I am waiting for resistance breakout. Once I will see it I will wait for pullback to support area. Then I will wait for pin bar showing me north direction.