Price has been in a long term down trend on the 4H time frame for a few weeks now. We've been getting lower highs and lower lows. EJ has now gotten to a narrow point where eventually there will be a breakout into a buy based on the pattern currently forming. There is the possibility of price continuing to make its way lower to the 4H trend line before buying. I'm...
This could turn into a really nice bullish setup if price gets to this support zone and respects it. Set alerts and drop to a lower time frame to look out for a possible reversal pattern. However, if price breaks below this zone and closes then we can continue looking for bearish setups.
This could turn into a really nice bearish setup once price continues to respect this zone. Set alerts and drop to a lower time frame to look out for a reversal pattern that could possibly form. However, if price breaks above this zone and closes then we can continue looking for bullish setups.
Price could possibly form this pattern over the next few days into weeks. However, if price breaks through this green support zone then we can wait for a bearish setup to form. Drop to a lower time frame for a better entry when the setup is ready.
Price is currently at a 6H support zone. Drop to a lower time frame and monitor closely for a reversal pattern. Wait for price to close about this zone before entering a bullish trade. However, if price breaks through this zone and closes below it, this setup will become invalid and we will continue to wait for bearish entries.
Price is currently in a 4H support and resistance zone which also intersects with a 4H trend line. We have multiple confirmations that we could get a nice bullish move in this zone. Once price continues to respect this zone without breaking through it, drop to a lower time frame and look for a reversal pattern before entering a buy. However, if price breaks below...
Price is very close to a 4H support zone. Once price respects this zone we can drop to a lower time frame and look out for a reversal pattern before entering a bullish trade.
Price has finally broken out of a 4H long term range. EURJPY will start to pullback soon and we may see price retest the zone which it previously broke out of. If this happens we can drop to a lower time frame and wait for the retest to end before entering a bearish trade.
After GOLD played out perfectly from my last set up, price is currently at a 4H support zone and near a Daily trend line. Monitor closely and look out for a reversal pattern on a lower time frame before entering any bullish trades. Once price respects this zone and does not break through it, we could possibly get a really nice buy back up to the previous...
Price has been on a long term uptrend making higher highs and higher lows. Once again, price has broken above previous resistance. If price pulls back to this support and resistance zone we can drop to a lower time frame and monitor for a reversal pattern before entering another buy. However, if price breaks below this zone we will need to wait for additional...
GOLD is currently near an 8H resistance zone. Monitor closely and look out for a reversal pattern on a lower time frame before entering any bearish trades. Once price respects this zone and does not break through it, we could possibly get a really nice sell back to a previous support zone.
Monitor this area closely on a lower time frame for a bearish entry once price continues to respect this support and resistance zone.
Price has broken through a 4H support zone. Drop to a lower time frame and wait for a possible retest of this support and resistance zone before looking for a bearish entry.
Price is at a clear 4H support zone. Price could possibly respect this zone without breaking through it. If this happens we can drop to a lower time frame and look out for a reversal pattern before thinking about entering a bullish trade. However, if price breaks through this zone we will no longer look for a bullish entry but we should wait for a bearish setup to form.
Price is currently at a resistance zone. Drop to a lower time frame and wait for a reversal pattern to form before taking a bearish trade. However, if price breaks above this resistance zone, wait for a retest before looking for a bullish entry.
Price is currently in an uptrend and has pulled back to a support zone. There is also a trend line intersecting this zone (energy point). We could possibly see price bounce off of this area and continue to buy. However, if price decides to break below this support zone, wait for a retest before looking to enter any bearish trades.
This is why I always put emphasis on waiting for a reversal pattern to form on a lower time frame before entering a trade. EURJPY did not form a reversal pattern on my previous chart analysis, therefore I did not take a bearish trade. Price has decided to continue buying and has made its way to a 4H resistance zone with multiple hits. Once again, drop to a lower...
Price is currently at a 4H trend line. Drop to a lower time frame and wait for a reversal pattern to form before looking for a sell entry. However, if price breaks through this trend line, wait for a retest on a lower time frame before looking for a bullish trade.