Price broke above level that has acted as support and resistance in the past. We broke above this level, retested and then rejected with a big wick and bullish closes. Price also broke above MA's and now retesting them as support on M15. Entry trigger was 3 consecutive M5 candles closing bullish.
Oil has been on a major uptrend ever since oil prices went negative earlier this year. Price pulled back to previous structure levels and bounced back up. Support formed after bouncing, I took entry off this level of support. Entry trigger was 3 consecutive bullish M15 closes.
USD went weaker yesterday with stimulus talks. We have a S/R flip on 61.8% Fib level. Bullish structure on H4 and H1. Entry taken after formation of H1 bullish pinbar off the S/R flip.
Structure has flipped to bearish on multiple timeframes. Rejection off 61.8% Fib level. 50MA rejection. Confluence with 50MA and 61.8% Entry triggered by the close of a bearish M30 close after a doji.
Overall uptrend. Pullback to previous level of structure. Double bottom off that structure level. Level lines up with the 50% Fib level. Entry taken after a bullish close following the bearish engulfing on M15.
Overall uptrend all the way up to the weekly timeframe. Broke out of range with strong bullish push. Strong bullish engulfing on M30 off the 38.2% Fib level. Entry taken at close of consecutive M15 bulls and M30 bullish engulfing.
Japan recently had positive stimulus news so Yen strength makes sense. We are retesting former lows/support. The 200 moving average lines up with this level on H1 and M30. Market has also broken below the 200 MA and is retesting it. Entered on the close of a consecutive bearish M30 candle off the 200 MA.
This level of support has been respected the last week or so. We have a bearish fake out with the strong M30 Bullish close following the two consecutive bearish candles. This price level has been respected as resistance and support multiple times, very valid level. Entry candle was a strong bullish engulfing at 9:30.
Overall uptrend. We never broke below the support level that was flipped from resistance. After breaking above this level Market pulled back to the 61.8% Fib level. Double bottom formed on M15 and retest of the neckline on the 32.8% fib. Entry taken on strong bullish M5 close at 9:25 as I was confident in a bullish close on the third M30 candle and we did.
We have a clear overall uptrend. Weekly was bearish for a long time but, structure has flipped bullish. We have a break and retest of a level of S/R. Bullish variation off 38.2% Fib level. Buying off a previous high. Entry was taken after a bullish variation (consecutive bullish candles) on M15 off of the previous high/resistance.
We have bearish structure on H4 and H1. We have a 50% pullback which also lines up with a former low. Break and retest set up. Entry taken after 3 consecutive bearish M15 candles off this resistance that was once support at 8am EST.
US has positive fundamentals with all the vaccine news and positive stimulus talks as well. Technically we have a clear S/R flip or Break and Retest. Rejected between the 38.2 and 50% Fib levels. Broke bearish structure on M30 and H1.
I have a buy limit on SPX. This range has been greatly respected, looking to take an aggressive entry upon touching this level of support. The way to trade a ranging market, is by finding the obvious level of support and the obvious resistance level, then decide if the range worth trading, small ranges typically aren't the best to trade in my opinion. My buy limit...
Break and Retest setup on H4 timeframe. We clearly broke previous highs/resistance and now the same level is acting as a level of support. Big bullish impulse flipped structure from bearish to bullish, so I am following the trend. Took entry on two consecutive M30 candles closing bullish on this level.
NU has officially flipped to bullish structure on the weekly. With most of the US exploding with covid cases and New Zealand having handled the virus situation so NZD strength and USD weakness makes sense. On the technical side, we have this zone of support that is being greatly respected. I entered on strong M15 bullish close at 9am.
The highlighted box is a daily Key level. The daily key level lines up almost perfectly with the 38.2 Fib level. We've broken below this level and held with multiple candle closes. On M30 we closed below our 200MA. Entry taken after a third consecutive bearish close of an M30 candle.