Below the SMA50 on the H1 Breakdown of the flag pattern. Looking short.
UC had a strong push down; putting this pair into a BEARISH bias. A flag pattern is forming; if it can break down out of this flag there is an opportunity to get short
Bias: Bullish Potential Trade(s): A) Need to wait for breakout past the resistance zone before going long B) Wait for retrace and a better risk reward opportunity (e.g. if a flag forms, wedge, etc.). Currently waiting for better value.
H1 timeframe is in a downtrend. Bias is for a SHORT trade on a breakdown
Market is mid range. Areas of interest at 1.05 and 1.062 No trade until it reaches either of these areas. Bias is bearish, so either looking for a break below 1.05 or resistance at 1.062
Market broke down from the 7700 area of resistance. Maintaining a bearish bias until that level is proven wrong. Looking for a clear break of this flag in order to go short. Otherwise the next area of interest is at 7700
GU stuck in this wedge shape. IF it breaks down below, it may be an opportunity to get short
EU made a double top and lower low. If it can get below the zone and retrace there may be an opportunity to go short. Let's see how this plays out...
Consolidation after a move up. Look for a LONG entry in the killzone if a support pattern is confirmed. Target a 1.5X minimum reward to risk
UJ broke out of an H1 channel and trend. Retested the edge. The upward move is also consistent on the H4 where the breakout also appears. Opportunity to look long, with a 1.5 reward to risk target
EURUSD is range bound. At these levels I'd like to see if it breaks and retests. Can be either long or short
Looking at the 7220 area for a possible short. If resistance holds and there is a confirmation candle, AUDUSD could offer decent risk reward here
USDCAD is in a general move up (based on the H1 timeframe). Here on the 15min chart it is currently in a channel. If it can break out above the channel I would consider going long. NOT considering shorts here on a breakdown. FYI - info purposes only. Trade your own plan
Don't usually like this pair on a Sunday evening. However, a channel break here on the 15min. We're also not far from moving averages on the H1; so a decent area of value for a trade
UC broke down here on the 15MIN. Possible opportunity for a short.
Retracement to the the key area is where we may want to look for opportunities. Action around this key zone should provide some possible trades: 1. Resistance holds, look for a small short 2. Breaks above this zone; look for retrace to go long
Previous resistance area coincides with a ABCD move. Offers decent risk reward opportunities for a short. Look for confirming patterns to go SHORT