Classic break and retest of support No bearish candles as yet, but a clear pause in the market worth watching more closely. 2:1 or better RR shorting oppotunity. Targetsas seen on chart.
Inside bar pattern: Short trigger is on the break of the mother bar lows. Target is a 1-2-1 completion zone in strong zone of daily tf support and 1.414 and 1.618 Fibonacci confluence.
Price has twice tested resistance, but has not fallen far. With a 3rd test of resistance, I am anticipating a bullish breakout to the upside. The ADX is skyhigh showing great strength in this pair, and I would not be surprised to see price reach 0.91 and beyond. The RSI is also not yet overbought, although close.
Price has stalled just above the 38.2% Fib level of the recent upswing, and has posted a bullish daily candle. This candle is a bullish inside bar, and I will be trading this in a classic fashion: buy the break of the mother bar. I would look for a retest of the recent highs firstly, with the 127% Fib extension also of interest should price breakout higher.
Price has fallen to the 50% fib of the dominant uptrend. There is bullish divergence on 4H Should the 2nd test of the recent low hold (1.6767), I will look to buy the first green candle
Price recently broke below range support but was unable to remain below and has retested the the range highs. As it pulls back from resistance I am watching for an opportunity to get long. The highlighted area is an area of support, which may offer a chance to get long before a bullish breakout.
Cable has retested previous resistance and subsequently formed an inside bar. The aggressive move is to go with the break of the inside bar. Conservative trade is to go with the break of the "mother" bar. Targets are the dominant swing high or recent lows. I am biased to the upside on this pair.
Supporting Criteria on Chart Price has also reached a previous zone of support, temporarily breaking previous lows. Intraday I will look for buying opportunities.
Price is testing support for the 3rd time. RSI is oversold ADX is starting to turn up Should support hold it is a triple bottom. I will buy as there is great RR. 1st target: 0.768 2nd target: 0.774
Price has tested ATH area. This is an area of resistance, and I fuly expect a reaction at these prices. Due to RR, I will favour a move to the downside, but will be cautious with entry in order to not get caught out with a break out. * Weekly chart used for illustration only NOT entries Supporintg criteria: RSI overbought ADX approaching overbought levels
Price is retesting a previous zone of congestion and support. With a test of the 50EMA, this is the last opportunity for the bears to remain in control. I will be watching intraday for a reversal in the highlighted area. Supporting criteria: RSI Overbought This is not the strongest setup, but in the markets, anything is possible!
Price is approaching a zone of support. Other supporting criteria: Fib confluence RSI oversold Previous congestion area I will be watching for bullish setups.
Price has risen to test a very strong area of resistance. On the Daily chart a breakout looks imminent, but I favour a move to the short-side There is great RR, esp if price tags the 0.77406 highs I will wait for a bearish daily close at these prices before looking to short There is not much indicator-based support to this idea, hence my cautious approach.
A pin bar at the 50% Fib level gave price a little relief, but price action suggests this rally is over, with no bullish follow through in the days that followed. I will look to get short on a break below the pin bar wick, and perhaps a little higher if price action presents an opportunity. Targets would be next support/prev resistance at $49, where there is...
Price has stalled at resistance around 122.800s Should price retrace, I am targeting the previous consolidation area highlighted for a long position
A trade I have been stalking for some time. After breaking out of a previous area of consolidation, price has retraced back into this area. I will be looking for shorting opportunities intraday, with a view to a swing trade targeting the 1.230 region. Supporting criteria: RSI overbought ADX approaching extremes 61.8% Fib of dominant downswing has confluence...
Price bounced to retest previous support which seems to be acting as resistance Following NFP, the Dollar appears to showing some weakness despite a positive number Intraday, I will be looking for short opportunities with targets are previous lows.
Price has carved a range between the 38.2 and 61.8 fib levels Following NFP, price has tested the top of the range for the first time I am expecting resistance to hold and will look to enter a short position !st target at 1.062 2nd target 1.053