IF and ONLY IF there is rejection at shown level, long position will be entered. NO REJECTION, NO ENTRY
IF and ONLY IF a rejection candle is formed at this level, i will be taking a short position. If price breaks back through the level there will be no trade
Trend continuation. Will take partial profits and move to break even around 30 pips
NU has been in a clear uptrend and has continued to create a new high and is forming a new lower high. It's in an uptrend on the 4h and 1h chart. The last thing i am looking for is the trend to shift on the 15m chart for some more confirmation to get in on a long to target a new high at a previous high on the 4h chart. It is also currently sitting at the 61.8 fib...
If we see a double top form with a break of the channel to the downside, i see a possibility to short. ONLY IF REQUIREMENTS ARE MET: 1. Failure to make new high. (double top) 2. Breaks lower channel of the flag pattern formed right now. 3. Sell off the retest not breakout of channel. ***The golden box represents the 50-61.8% fib zone
Possible 6.5 risk to reward ratio trade
switch in momentum, waiting for daily chart to close above resistance and then buy once it has confirmed the resistance as a new support
head and shoulders on the daily. wait and see if it breaks the neckline and we're good. Looks as if it has lost its downtrend momentum
Harmonic pattern set up for long, if price breaks the resistance level wait for a retest and then buy
USDCAD has been on an uptrend for while now and its finally losing its momentum. We should see usdcad bullish for a little bit as the market needs to correct itself and then i see usdcad going short. Broke the trend line and made lower highs. Now we wait and be patient
USDCAD testing major support, could see another rebound
After the long downtrend, i see a reverse head and shoulders pattern