Here we can see that the banks took out all these SL's and needs to get back here to break even on there buys.
Wait for price to come back to this area then look to go long. If you want to reduce your risk look for entries on the lower time frame.
This is the turn on the EURUSD to go Bearish as the Dollar (DXY) is Bullish. A seen on the chart we had equal highs that got ran out to the up side and then the immediate drop. This leaves us a clue and a bearish order block to sell from.
This may be a nice sell oppertunity for GBPUSD and we can see a head and shoulders on this chart. I will take this trade if all my conformations are met.
I am waiting to sell USDZAR for 900 pips to major support line.
Be patient and trade the bearish flags to the bottom. you don't have to take a chance to get in at the top, 600 to 2000 pips down.
Price is respecting the 61,8 fib level. just wait for bearish engulfing and all your conformations then trade.
Possible buy at this area, wait for strong candlestick formation or long wicks showing exhaustion to the downside.
Wait for candlestick formations as a conformation. Looking for exhaustion and wicks to the upside before buying.