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Pullback

The downtrend on EURUSD continuesOn Friday we saw price drop to the previous lows at 1,0767. From there we could expect a possible pullback and another drop to break below those lows. This is one way to enter short trades on rejection of the zone. It's probably the better option as it will give you a good risk to reward ratio. The other way to enter a trade here would be to wait for break and retest of current support. On both scenarios we're expecting to see price reaching 1,0673. This week, we want to get into a short trade once we have a clear signal.
Short
by ForexTrendline
18
STORJUSDT reclaims the monthly resistanceThe price got a rejection from the main resistance on 1.41$ where the market created a weekly resistance. on the 4H timeframe, the price created a clear double top and got a rejection from the 1.414 Fibonacci EXT How to approach? The price is testing the daily support on 1.13 Fibonacci EXT level. The price needs to create a new breakout on the 4h resistance where the previous impulse started. IF and only IF the price is going to have a breakout from it, we could see a pullback unit the monthly resistance on 1.12$
Long
by InkyGrip
8
AUDUSD Double BOS. Time to go up!Hey Traders, Little bit weaker of a set up here on the AUDUSD, but overall it still is double break of structure and a push against the usual trend we have witnessed. Keep an eye out, we had to have a very bullish run and then that very long wick that pulled down into the demand area which may have filled up all the orders were looking for. It's going to be an interesting one to see how this unfolds. Keep your eye on this pair on the 1h chart and as we do come back down to this purple area, if on the lower time frames like the five minute we can see a strong indication we're going to head higher, then I think we can start running back up to the top up to around the 0.744. Let me know what you think and what your analysis is on this pair.
Long
by the5erstrading
2
XAUUSD DAILY BIAS : B.U.L.L.I.S.H 🐃🔱 GOLD TRADE IDEA 🔱 BIAS: Mixed but tilted toward Bullish FUNDAMENTAL BIAS: Mixed Bullish Gold is likely to gain from the Moscow- Kyiv tussle which remains the key driver for the demand of the precious metal. Gold status as an inflation hedge seems balanced by the anticipation of sustained hawkishness from major central bank efforts to lower inflation numbers by increasing their interest rates. TECHNICAL BIAS: Bullish I can expect price to be on a bullish continuation from 1965 support level inline from the pullback from 1988. Alternatively, price may break through 1965 and drop to second support target level of 1950 in line with graphical pullback support. Areas of interest: -H4 timeframe, 1st support at 1965 -H4 timeframe, 2nd support at 1950
OANDA:XAUUSDLong
by maraxrara
GBPNZD Trade Set up round 2Hey Traders, The absolute classic set up here on GBPNZD. If you remember our trade idea last week, maybe two weeks ago, the trade we took on this pair, you would recognize the similarities that we have here. We've had a double break of structure and now we're waiting on a pull back into the demand area of that second breaking structure. The original idea we caught on the one hour chart earlier in this picture, we are looking at replicating this idea and catching it on the four hour chart. I have linked the previous idea below, So go check that out and you can see exactly how it's pretty much the same setup, just a different time frame and also how that trade played out. Keep an eye on this pair. There is a little bit of news coming out later in the week, but nothing too damning. It'll be interesting to see if the pound can pull back into this demand area and then shoot us forward into the future. Let me know your comments in your analysis and whether or not you're going to be looking at this pair in the future to see what it can do. Can we get a bit of pound strength coming in over the next couple months?
Long
by the5erstrading
9
BTCUSDT wants to retest the lower trendlineThe price lost the weekly support on 42k and now the price is testing the 40k key level. On the daily timeframe, the price is creating an ascending channel, the first impulse started from the monthly support of 32500$. On the 4h Timeframe the price created a M Pattern and the market retested its neckline as resistance. How to approach? The price wants to retest the lower trendline of the ascending channel on 37000$ on 1.13 Fibonacci EXT. We could see a pullback on the weekly resistance before the next bearish impulse. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
12