Price broke support at 1.08285. I got in on a trade as the 4hour candle retested that zone. If the 4hour candle closes below 1.08285 then we can look for another retracement into that zone for another short. Profit target is at 1.07900.
I've been short bias on this pair since price broke the consolidation area at 133.852. Price broke previous support zone at 132.493. As price broke this area we started looking for rejections on this zone to indicate to us price might continue to the downside. When then saw nice rejections and we're also seeing this 4h candle pushing into this zone for the last...
It's clear that price broke the ascending structure yesterday, but not yet the S/R zone at 67.620. This is a major S/R zone in the market, therefor I'll wait for a clean brake and retest of this zone before I take a short trade. The AUD has shown a lot of strength recently.
I don't normally trade these patterns, but this looks like a cup with handle. I'm also seeing a bearish pennant forming, just waiting for a clear break of the pattern.
Quick Short Opportunity On GBP/JPY. So Price Broke Ascending Structure. EITHER: Wait For Price To Pullback and Retest - 134.477 / Wait For Price To Break And Retest - 134.284
GBP/JPY is currently consolidating between 135.400 and 134.450. We need to be patient now and wait for price to break out of this consolidation area. Just keep in consideration that the Yen is stronger than the Pound.
Potential short opportunity. Price is in descending structure. Waiting for a break and retest of the 117.300 S/R area. Profit target is at 116.800. London market is about to open.
The chart speaks for itself. Remember, price must still fill the gap @ 1.34415 and 1.35172
Overall price has been in a down trend. Recently Price formed a bullish wedge. Waiting for price to break and retest HL before shorting this pair.
Price broke lower high, waiting for price to retouch support @ 0.88532 and then I''l take a short Sell to 0.88084.
Waiting for price to form new lower lows and then a pullback with a confirmed retest before shorting.
Price is finding resistance @ 72.75. Currently waiting for candle rejection confirmation.
WAITING FOR PRICE TO BREAK SUPPORT OR WE CAN EXPECT PRICE TO TEST THE SUPPORT, BOUNCE UP AND GET REJECTED FROM THE RESISTANCE.
The chart speaks for itself. Let's see what happens!
Australian dollar-yen broke the accending trendline, also broke the support level. Waiting for retouch on this level and 20 moving average before selling. t.me
Bearish Breakout And Retouch. About a 20 Pip short trade.
Descending Triangle Pattern, Close to touching the trend resistance, looking for short opportunity on lower timeframe.