Breakandretest
GOLD, monitor for a breakout!Price is currently forming a flag pattern. The breakout could possibly happen within the next two weeks. Set alerts and drop to a lower time frame for a better entry when the time comes.
Onward and Upward for EUR/USDWith the Fed continuing to keep interest rates low I believe the Euro will continue to gain value. We've been decelerating on the daily chart for 6 weeks now after a nice run up but haven't seen much bearish momentum to get much of a pullback. This looks like more of a short breather before the next leg up.
I have a zone on the monthly chart between 1.175 and 1.22 and the rejection of this level again made me look at the intraday for a potential reversal entry.
Technical trade of a breakout of structure on the 1hr chart with a retest of the 1 hour 50EMA and 382 fib.
Stop is placed behind the 618 retracement. I currently have no limit set on this but a soft target at 1.20 and a secondary target at 1.22
EURUSD SELL IDEA *GOOD RR*4H candle rejection of previous support, now playing out as a good resistance level.
Stops placed above 4h rejection pinbar.
Practice good risk management and happy trading!!!
Agilent Technologies Pullback to 93This is a very bullish pair but pullbacks are always do at some point. This is a quick in and out play down to the 93 level as this was the previous swing high.
This is a technical trade based off a break and retest of structure, concurrently having the 1 hour and 4 hour 50EMA lining up at the same area, as well as the 382 fib retracement.
Stop loss is placed right above the 618 retracement and target is the 272 extension which coincides with the 93 level where the last structure was broken.
NZDCHF, breakout and retest.Previous resistance has now become a support zone. Look for reversal patterns at this zone and take buys as long as price continues to respect its new found support zone.
CAD/CHF - Waiting for retestPrice has been in a clear steady uptrend with higher highs & higher lows. We are waiting for price to retest the indicated broken level for buy entries.
GBPNZD, break and possible retest.Price has broken above a 12H resistance zone, retested it as support once and has returned to this zone for a second time. Drop to a lower time frame and monitor for a reversal pattern. However, if price decides to break through this support zone, drop to a lower time frame and wait for a retest before entering a sell.
GBPJPY Analysis So using the 4 hour timeframe, a once strong resistance zone has been broken and also retested. We should expect a long term but on this pair. Also be careful to get a good entry. I would advice to wait for the MACD to cross before entry
AUDNZD 300+pips swingWe have price 1.08364 acting as strong resistance as it acted as strong support previously. I am expecting price to bounce from this area to reach price 1.11929 long term. Simple break and retest strategy
AUDCHF H1, very steep uptrend!This pair is currently in a very steep uptrend. Price cannot maintain a move like this for an extended period of time without there being a correction. At some point price will breakout of this uptrend and begin to sell. You can set an alert and wait for the sell or wait for price to pullback to the trend line and enter additional short term buys in the meantime once you see signs of rejection in this area.
USDMXNIt did break strong support nad currently it is retesting.. I personally would like to see retest for short.
GBPCAD LongPrice has broken our 4hr downtrend line and is currently retesting the backside. This looks like good entry areas for long positions.
EURUSD H4, wait for reversal pattern to form in resistance zone.Price is currently near a resistance zone. Drop to a lower time frame and wait for a reversal pattern to form. Enter a sell once price respects this zone and breaks out of a reversal pattern in the direction of the trade.
USDCAD H4, wait for retest before entering a sell...This pair is currently in a downtrend and has been making lower highs and lower lows. Price recently dropped lower than the most recent low. This signals to us that it's possible that price can pullback and retest this zone before continuing to sell. Drop to a lower time frame and wait for a reversal pattern to form before taking this trade.
However, be careful with this pair because price is near a major support zone and could reverse.
NZDUSD H4, wait for retest before entering bullish trade.Price is currently in an uptrend. Wait for a pullback to the support and resistance zone before entering a buy. Drop to lower time frame for a better entry.
GBPAUD H4, wait for retest before entering sell.GBPAUD has recently broken out of a previous support zone. We could possibly see a retest at this zone before price continuing in a sell. Drop to a lower time frame for a better entry after a reversal pattern forms.
