Price got rejected from the daily resistance area. We are expecting a pullback to the support area and will wait for candlestick confirmation at the marked area which will also give us great R:R ratio for our trade.
Price broke out of triangle pattern, made a retest of that broken triangle and is now testing the broken support. Next move should be to the top of the triangle pattern before making new correction.
Price is making higher highs and higher lows. Price now break out of descending triangle and made a clean retest and rejection of that broken trendline. We can now expect new higher high at the next strong resistance area.
Price broke through ascending trendline and 50 EMA. We can expect move to the downside.
Price broke through resistance and is currently making a correction. We are waiting for a retest of a previous resistance now support and rejection of that area before going long.
Price reached a trendline and is currently respecting it. Waiting for a clear buy signal to catch the next wave.
Price broke out of rising wedge and formed a lower low. Price made a retracement and now bounced off resistance in the form of 50 EMA and 61.8 fib retracement. We also have confirmation in the form of MACD divergence. We can expect next move to be to the low of the wedge pattern. If you like my idea please press LIKE and feel free to comment your thoughs.
Price formed bullish engulfing candle and is lining up for a nice short opportunity. Price have a lot room to the downside but we have to wait if price will form a nice double top pattern in which case we will have a great setup with great R:R ratio. I will not entering long position here because I will rather wait for a nice opportunity too go short. If you...
Price is at strong support area and got rejected with nice bullish candle. We can expect move to the upside to the at least next strong resistance area.
NZDUSD is bullish from higher to lower time frames. Price broke out of descending trend line on a hourly chart. We are waiting for a retest of that broken trend line and support area before moving further up.
Price broke through support area and made a correction and retest of that support now turned to resistance. We have our TP1 zone at 1.38 but if we reach that area we can expect price to made a correction and then move further downside to the 1.36500 area
As we expected, 20$ support area held and Oil is currently making a retracement. Now is sitting at 28$ resistance zone which has to be broken before we can close the huge gap ending at 40$.
Gbpjpy opened 50 pips lower, we can expect some pullback to close the gap before heading to the next support area at 131.500
Price formed a bullish ascending triangle pattern making higher lows but same highs. We have to wait that price breaks through resistance and make a retest of that broken triangle pattern before heading up to the 67.00 area.
Price is moving inside a chanel and got rejected nicely to the upside. We still havo room to go higher on all of the higher timeframes. Price got rejected from the resistance now couple of times but we can expect now that it will break straight through resistance. Good setup with solid R:R.
Price couldn’t break through resistance for the second time and formed a double top pattern with pin bar rejection candle. We can expect that price will move lower to the support area.
Price formed a double bottom pattern and now a higher low. We can expect price to shoot up higher and we have a trade with nice R:R
Price is currently forming a descending chanel and it perfectly bounced off the upper resistance with a bearish engulfing candle. So we can expect move to the downside.