Inverse head and shoulders formed. Be could wait for confirmation by letting price break neckline or previous high before entering
Price created a double bottom. Came for a retest on our minor demand zone. Wait for price to break previous minor high to serve as confirmation. Use proper risk management. Please if you agree with my ideas, like and follow.
Price is ranging in a rectangle as a correction or consolidation of previous uptrend soI am expecting a break to the upside. Confirmation would be a break and retest of current resistance where buy stops would be placed. This trade has a good risk reward ratio. Use proper risk management. Please like and follow for more ideas if you like my setups.
We are selling this pair because of these reasons: 1. Break of trendline & support on daily chart. 2. Price came back to retest the break out with a continuation pattern that signals a continuation in the downward trend. 3. This is a trade with a good risk reward ratio. 4. Wait for price to break current trendline and retest it for confirmation. We will use...
We can wait for price to break and retest current trend line for confirmation.
This is a clear setup. Price broke out of trend line and came for retest
Price broke out of trend line came back to retest.
Price will continue downwards after making a correction.
Price broke trend line and came back to retest. Expecting up movement
If price breaks out the channel we buying this pair. Wait for confirmation.
We are seeing a pennant here which is a continuation pattern, preferably wait for price to close below the support to confirm the sell as the trendline would have already been broke.
I am looking to take a short position of this trade when price breaks and retest the trendline.
We can see a bullish flag here so we going to wait for a break and retest before entering.