Clues Price has reached a potential demand zone RSI is oversold Set-up Waiting for signs of exhaustion/reversal. Preferably candlestick formations Take profit @ Flipzone Invalidation Close below the potential bear trap/stop loss zone will invalidate the idea
Watch how price behaves at the flipzone. Wait for set-ups in either direction.
Price is currently heading to flipzone after top-of-channel rejection. Retracement or reversal? Break of zone & channel invalidates long idea.
2nd dominant set-up formed. Fibo: Blue: Entry Red: SL Green: TPs
Price is on its way to the resistance @ 148.000. Might be looking for a bullish entry if price shows a pullback. For now: just waiting and seeing how this unfolds.
Price has broken the triangle to the downside. I am looking to sell the rejection of the dotted line or the retest of the bottom of the triangle, targeting the bullish trend on higher time frames. A break of the triangle bottom will invalidate the idea.
Price has 'traintracked' the bottom of the channel and is currently touching the bottom of a smaller channel. I am looking to BUY if the market presents reversal confirmations (W) and re-enters the smaller channel. I am looking to SELL if the smaller channel is rejected and the bottom of the big channel and last weeks low are broken.
Price is currently around .618 fib and at the top of the channel. I am looking to SELL if rejection confirmations are presented by the market. I am looking to BUY if the price breaks through the top of the channel and friday's high.
Price has rejected the top of the channel and is currently on its way to the PRZ. I will wait to see how price will handle the PRZ and watch for set-ups from there. Also: high impact news for the USD coming up friday.
Price is currently approaching resistance level 124.000 Wait till the level is either rejected (SELL) or broken (BUY). On the D1 we observe a bullish flag. Watch out for GAPS at market opening, due to Frensch election results.
Price is currently trapped in a triangle. Watch for set-ups to either buy the BO or sell the rejection. Watch out for GAP openings depending on French election results.
Price is currently at the top of the channel and intersecting a trendline. It may reject the zone or break out. Watch for set-ups in either direction, depending on how the price handles this zone. Also, watch out for GAP openings due to French election results.