Monitor this pair to see if price gets closer to this Weekly trend line. Drop to a lower time frame and look out for a reversal pattern along with a breakout before entering a bearish trade. However, if price breaks through and closes above this trend line , we will no longer be looking for sells but rather future buys instead.
This pair is at a really nice level and this could possibly turn into a great sell once price continues to respect this trend line. Drop to a lower time frame and look out for a reversal pattern along with a breakout before entering a bearish trade. However, if price breaks through and closes above this trend line, we will no longer be looking for sells but future buys.
Price is currently at a level that could turn into a 5th hit to a Daily trend line. Once price continues to respect this zone, drop to a lower time frame and wait for a reversal pattern to form before looking to enter a bearish trade.
Price is currently at a Daily resistance zone and we can see that price has been respecting this zone for a number of days. Drop to a lower time frame and wait for a breakout before entering a bearish trade.
Price is currently forming a horizontal flag pattern on the 4H time frame. We could get a breakout in either direction. Drop to a lower time frame for a better entry when price is ready to make its move.
Price is currently forming a bullish flag pattern on the 4H time frame. Drop to a lower time frame and wait for price to breakout before entering a buy. Price could make its way back to the Daily trend line once it starts buying again.
Price is currently at a Daily resistance zone. Drop to a lower time frame and wait to see if price forms a reversal pattern and continues to respect this zone before looking for a bearish entry. However, if price breaks above this Daily resistance zone, look out for a retest on a lower time frame before entering a buy.
Monitor EJ at this area and drop to a lower time frame to see if price respects it before looking for a buy entry. If price breaks through and closes below this trend line we can wait for a retest before thinking about entering a bearish trade.
AUDJPY has a similar set up to AUDUSD. It is currently approaching an area which could turn into a hit to this 4H trend line. Drop to a lower time frame in order to see if a reversal pattern forms. Once price respects this line without completely breaking through it we can look for sells. However, if price breaks through the trend line and closes above it, we no...
Monitor AU at this level to see if it respects this trend line. If it does then we can look for a reversal pattern on a lower time frame. However, if price completely breaks through the trend line we will no longer be looking for sells. If price breaks above the trend line wait for a retest before looking to enter a buy.
Price looks like it could possibly form a head and shoulders pattern before selling back to this 4H trend line. Wait to first see price break below this gray support and resistance zone with the blue line passing through it before looking for a sell entry on a lower time frame. If this happens we can lookout for the break and retest before taking a bearish...
Price is currently at a strong 6H support zone. We can see multiple signs of rejection which indicates that price could possibly respect this area again without breaking through it. Drop to a lower time frame and look out for a reversal pattern before entering a bullish trade. Happy trading!
Yesterday I showed an NJ chart where price looked like it was respecting a lower resistance zone. However, today there was a massive buy and price made a bullish move to a higher resistance zone. The same applies. Monitor price at this current zone and see if we get a reversal pattern on a lower time frame. This is why it is always important to not blindly enter...
Eventually price is going to breakout of this ascending flag pattern because price cannot sustain this type of uptrend over an extended period of time. Set alerts and monitor on a lower time frame for a breakout and retest before looking for a bearish entry. Happy trading!
Price is currently at a strong 6H resistance zone. We can see multiple signs of rejection which indicates that price could possibly respect this area again without breaking through it. We can drop to a lower time frame and look out for a reversal pattern before entering a bearish trade. Happy trading!
Price is currently making a 3rd touch to a Daily trend line. This could turn into a very nice bearish trade once price respects this area and decides to sell. Monitor on a lower time frame for more detail and a better entry. Happy trading!
Price is currently at a strong 6H resistance zone. We can see multiple wicks which indicate price could possibly respect this area without breaking through it. If this pattern continues we can drop to a lower time frame and look for a reversal pattern before entering a bearish trade. Happy trading!
Price is currently at a strong 6H resistance zone. Once price continues to reject this area without breaking through it, drop to a lower time frame and look out for a reversal pattern before entering a bearish trade. Happy trading!