Here we can anticipate correction of downtrend. Enter can be done here or wait for second try to move up as this one fail. For me this is quite aggresive and it stand on current candle and their close price. If above the previous wick then we can reasonably go for it. Other rather wait for second attempt.
This could be nice opportunity to look for short oppotunity. Take profit should be based on price action that would unfold. We see that price is moving down and there were several confirmation in engulfment and now in previous candle closed strong in shadow. Lets see.
This could be second attempt to move down. Again this could be volume based rejection of height. From this we can experience stronger move down. Of course, based on close of the current candle. If it enguld previous or close as strong bearish.
Here we can see short idea develop right before our eyes. The top marked by start of arrow down shows rejection in high price zone based on volume. From there we see move down. Trigger can be strong candle closed in or below bottom shadow of previous candle. Lets see.
I try to see the price action as a story being presented to you. In this case we can look at struggle from down towards up with quite confident moves. Then we approach some resistance and fight between bulls and bears. We cant know what would happend. Based on price action as the story. If this candle closes above or in top part of previous candle shadow, I see...
Potential reversal idea with decent RR ratio. This would be considered second try to run price up. Lets see. We potentially can see stronger move up.
Based on two quite consecutive attempts to raise price up that failed, we can start look for opportunities to short. I see long tail down and price trying to break down anyway. For me, this is strong price momentum to fall even futher. Target based on further price action stop 45 pips above.
In this case we are presented with opportunity to look for uptrend as a breakout from the zone of reconciliation. This could be second leg up, first being the one that broke out. Take profit would be based on development, but potential guide could be previous highs. Let's see.
As a breakout from narrow zone, we can look for potential buy idea at least to the top of the structure on the left. Previously, we saw zone that was first falsely broken down and now moves with quite decent power up. Let's see.
Short Set-Up -double top on decent resistance level -bearish pin bar formed on the top -nice risk/rewards for the trade
Uptrend started to stalk judged by three weaker bullish candles indicating potential weakening. Strong move down show first firm decision to chose a direction. After little retracement providing opportunity to get better risk/reward ratio the trade was triggered.
EURUSD: -short opportunity based on structure, RSI and hugewigged candle as signal -decent Risk/Reward Ratio -potential retracement after quite a spike up
Decent Opportunity to Short: - RSI over the top - in the zone -nice bearish candles - favorable Risk/Reward ratio
AUDUSD - Downtrend Continuation move anticipated from the retracement. Great opportunity to short the market. Weekly time frame provides sufficient confluence of the downtrend and retracement raly down opportunity. 4H time frame on the other hand provides entry reason because consecutive bearish candles. Decent risk/reward ratio with potential with second target.
GBPJPY failed to breakout from the zone making three tops that provide sufficient resistance. Falling was accompanied by another attempt to move up, acting as retracement providing additional space to continue move further down. Weekly chart provide sign of piercing through lower structure - potential to further down move. Cumulatively nice opportunity to ride one...
Little bit of different setup this time. I see it as potential double or even triple top with decreasing highers as the sign of potential trend reversal and rally down. The fact that it is third top is little bit diminishing the risk/rewards ratio, therefore I will adjust and close the trade in the first signs of incorrect judgement. Also it could very easily...
GBJPY put series of higher lows indicating potential bullish trend. Weekly Time Frame confirms the possibility of decent uptrend. Entry is based on 4-hour time frame, yes, little bit late. Also second high is not higher than the previous one. Risk/Reward ratio is quite decent although I do not expect to rally fully to the top. Important is to keep in mind that the...
Long Trend Continuation Set-Up based on 0.618 Fib Retracement. After series of higher highes and higher lowes another move up could occure. Stop Loss relatively tighter because of potential trend exhaustion. Take Profit according to the nearest structure levels. Still quite decent 1.3 Risk Reward Ratio.