A strong rejection presenting itself Will select a few TP levels but expect it to retrace back to previous levels.
2 Options / ideas for the short term price fluctuations purely based off recent fundamentals. I expect the price overall to stay low but obeying supp & res for 1 hr & 4 hr timeframes.
Broken structure here - Bullish move presenting itself before retracing back down. 2 Set ups created one on 1hr & 1 on 4hr
Trade will bounce back for reversal / correction. Set up 1:2 RR (could break higher) SL below latest low. Pair is quite volatile - will watch closely for further confirmation
Trade set up from last week just triggered last night. Showing me that the resistance level has broken and it’s ready to continue to the downside and reach the next level of resistance.
Failed to break support, Downside correction - just triggered
Tight SL - good set up as it approaches resistance level.
Potential LH / LL Pattern Tight SL - good set up as it approaches support level.
Short position will trigger if support levels are broken. SL and Target level will be based off the next levels highs and lows. Trade RR over 1:3
NEW trade idea* Retracement and SHORT. Shorting to strong level of support - Entry at a level which could be seen as a strong level of resistance & a potential LH. Trade - RR 1:4
Perfect Entry and target execution. All on the one hour open and closure.
ENTRY: Just triggered Looking for further downside. SL above previous High wicks. Strong Support where I see a potential retracement. Trade RR 1:4
Trade ENTRY just missed by a fraction. Other than that It shows a perfect execution. Will look for another ENTRY 0900 GMT
EURUSD Seeking HH. Strong level of support full reversal as entry. Tight SL Use of FIB on 4hr as next HH Target. Target is placed inbetween -25% & -61.8% at weekly trend. SL at 61.8% Entry at level of Support.
1st trade successful 1:3 RR 2nd set up will be shorting to the further downside once next support level is broken. Trade 2. RR 1:2
1st trade set up heading to Target at line of resistance, I expect a retracement here. Where I have another trade set up to catch this with a tight SL. 2nd trade: Entry at base of wick (resistance), SL set above top of the wicks of previous high (chosen on 30min chart). Target level is at a common level of support as shown. Trade 2. RR 1:5.5
NZDUSD - Similar to AUDUSD. Failed to break higher. SL set higher than latest High and below 78.6% Fib for a Tight SL.
It has retraced back for a basic HL set up where this trade entry triggered. Expect to see a HH break out set at a previous resistance level. Break out has started