Price is currently in a resistance zone and we can see signs of rejection to this area with multiple wick rejection. Once price does not breakout of this zone look for sell entries on a lower time frame. However, if price does breakout of this zone, wait for a retest before looking for bullish trades. Happy trading!
Price is approaching a support zone and we could potentially see a rejection of this area followed by a bullish move. Once price does not breakout of this zone look for buy entries on a lower time frame. However, if price does breakout of this zone, wait for a retest before looking for bearish trades. Happy trading!
Germany30 has broken below a 4H support zone and has returned to this area. Monitor closely on a lower time frame to see if price decides to respect this zone or break above it. If price continues to reject this zone and we see a reversal pattern form, we can look for a bearish entry. However, if price breaks above this zone we can wait for a retest before looking...
This double bottom could be one of our first signs that price is rejecting this support zone and wants to start buying. If price does not breakout of this zone we may see price buy back to the blue trend line. However, if price breaks below this support zone, look out for a retest on a lower time frame before taking sells.
Price is currently at a 4H resistance zone. Look out for a reversal pattern on a lower time frame once price respects this zone and does not break through it. Happy trading!
Price is at a high probability support and resistance zone which also aligns nicely with a 6H trend line. Drop to a lower time frame for signs of rejection and a better entry once price continues to respect this zone. Happy trading! Side note: I've been absent for a bit because of some personal things I was dealing with but I must say thank you to euphoriant_one...
Price is in an uptrend on the 4H time frame forming higher lows and higher highs. Price could either decide to pullback to the support and resistance zone before continuing to buy OR it could pullback to the trend line for a 3rd hit before continuing with this uptrend. Drop to a lower time frame for a better entry if this setup plays out. Happy trading! Note: If...
Price is currently in an ascending channel (uptrend) on the 1H time frame. Look for possible bearish trades at the top of the channel and bullish moves at the bottom. When price is in the middle of the channel it can decide to push in either direction so be careful if you choose to take a trade in this area.
If price does not break through this resistance zone and trend line, we could see price begin to show signs of rejection followed by a reversal in this zone. Drop to a lower time frame for entry once this setup continues to form and we get continued selling momentum.
Price is currently in a pullback on the 4H chart. Drop to a lower time frame and wait for a reversal pattern to form before taking a bullish trade.
Price could decide to reverse in this support and resistance zone and continue selling. Or we may get a 3rd hit to this trend line before we see the start of another bearish move.
Price has broken out of a long term uptrend and has formed a lower high. Wait for price to pullback and then look for sell setups. Happy trading!
This is the first time we have gotten a breakout of a previous swing low since AUDJPY started buying months ago. This could be the beginning of a long term down trend. Price could decide to pullback and retest the support and resistance zone or hit the trend line for a 3rd time. If price does not do any of these we can still drop to a lower time frame and monitor...
Price has broken out of a Daily range. Price could decide to retest the zone which it just broke through. If not, drop to a lower time frame and look for other possible bearish setups. The green support and resistance zone could be an area to look for buys once price respects this zone. Happy trading!
S&P 500 is at a 4H support and resistance zone which is also lining up with the 3rd hit to this trend line. Monitor closely for a buy if price does not break through the trend line. Happy trading!
Price is currently in about a 180 pip range. Sells can be taken at the top of the range or buys at the bottom once a reversal pattern forms on a lower time frame. Eventually price will breakout of this range and continue trending.
Price is currently at an 8H support and resistance zone. We could either see price pullback and hit this trend line or red resistance zone again before continuing to sell. Or price could breakout of the gray support and resistance zone and possibly retest it before continuing to sell. Or this could actually be the start of an uptrend. However, I would need to see...
Price at 6H support zone. Monitor on lower time frame to see if a reversal pattern begins to form before looking for a buy entry.