It's all in the title. We broke a major support level on H2 and H4. Next historical support is only visible on H4. It's a risk-free short and small trade but can be worthy. Good luck all
Great head and shoulder formation on the H1 chart > in correlation with the re-bounce of the USD
Nice 61.8 retracement after the first impulsive leg. For the pattern to be valid, I need to wait for the completion of the last leg of the pattern.
Just a simple buy opportunity of the Uptrend. Wait for the retest to complete and enter. Low risk, good reward. Just a little candybar ;) Good luck :)
Triple top formation on the daily, the next key support is at 1.1850. I would expect it to reach this level within the next couple of days.
Wait for a retest at 145.000 and once the support broker, I'll enter a short to the next level at 143.600. Good risk reward ratio with low risk. Watch for a break of the support before entering the trade
As you can see on the 4H chart, price has retested the previous support as expected the price bounces back and rallies up. Next target for me is 1.27 starting from next week. - Good luck all
A descending triangle has formed after breaking the daily pivot. It's not the perfect triangle, but it can be a trade worth to take - Good luck all
- Daily RSI shows an overbuy - Bearish candlestick formation suggests a slight reversal - Fibonacci retracement shows that price is testing a strong resistance level at 0%, even in a clear uptrend context. We can expect a pullback and retest of the lower support 23.60%. - Good luck
As you can see, we are in a strong downtrend background, RSI showing it clearly. I expect a retest of the support level and a lower low all the way down to the weekly support at 108.160. Once the price shoes a rejection of the previous support, we can place a sell till the next level.
Price has tested a major resistance (4H, 1H) and my RSI is showing me a signal of overbought condition (above 75.000) I'm going short with TP at 1.24500 . - Good luck all !
Title is self explanatory. I'm taking the trade to limit the risk and increase the chance of a winning trade. - Good luck ;)
A nice triangle has formed on the 4H chart. I will wait for the retest to complete then enter the trade as shown on the chart. - Good luck all