Looking to short if price breaks candle low by 8-10 pips
Price needs to break below pin at least 5 pips to validate signal. Price possibly heading for the support line and low of 2012.
All my targets were hit on this yesterday. This area could now be a potential for further upside. Looking for confirmation candle and possible long entry.
CHF in an uptrend. Has been consolidating finding support. Large bullish engulfing candle all the way to the previous support, now resistance level. As the overall trend is up I will be possibly looking for a break and retest of this area using smaller time frame, possibly 4 hr chart. There is a good chance that this resistance area may well continue to keep...
Resistance line and trend line area. IF price gets to 5-10 pips below pin bar, short position will be entered.
4 hr chart has a bearish engulfing pattern as well. Major resistance area just rejected by 8 hr chart. Long term trend is also down. Looking for candle to break the low of previous candle by 5-10 pips to validate short position.
Looking for price NOT to close past line break. Candle signal to confirm possible long entry. Close below green line and trade negated.
Bullish engulfing candle at support level may lead the way for price to retest the previous support break. On the daily chart the trend is downward so I will not be buying if price moves above engulfing candle. I will be looking for short opportunities if area is tested.
Important figures due out later for both these pairs. Caution around this time if in the trade, should be volatile!!
A lot of previous resistance expanding into weekly charts around this area. I think this area will be prime for some reversal signals. Likewise if it manages to break through some further selling opportunities. Will be looking at the price action around the area.
Already in this trade from 1.58000. Will add to position if breaks out and comes back to test neckline.
Already short on this. Retail sales due at 10.00hrs and concensus negative.
See notes on chart. Would have liked a pin bar so not ideal. Stop above the wick on current daily candle if price gets to sell level.
Looking to buy around 5-10 pips above the high of pin bar. Stop below the low of bar. The prior support level was broken and has come a support level again. I am anticipating price to get to 1st profit take area. I will then set stop to break even and let the rest run to hopefully 2nd area.