Price is forming a head and shoulders pattern on the daily chart. The right shoulder is currently forming, with a minor resistance being tested on the H4 chart. I'll be on the lookout for a signal for entry at that level.
We're currently in a downtrend with price forming a series of lower highs and lower lows. Currently, the price is retesting a broken minor support level on the H4 chart, and I'll be on the lookout for entries at the next H1 close. Final confirmation for a fall would be a H4 close below the support level.
Price reached a daily resistance last week and respected it. The price was consolidating and finally broke the previous low (support) on the H4 chart, forming a lower low and signaling the beginning of a downtrend/fall. I'm on the lookout for a retest of the broken support on H1 for entry for a sell to the next low. Risk - 30 pips Reward - 172 pips
According to the Daily Chart, we're currently in an uptrend. Price broke a major resistance level, 2.25511, yesterday and continued without a retest. I'm looking at a retest of the broken resistance for continued buys.
Hope y'all caught the 300 pips buy move last week. Mehn, that was fast. Well, price is a major resistance and is currently retracing. The question is whether price action is retracing for a further move upwards or a fall back to the support level at 2.2233? The chart pattern is showing a falling wedge. A break of resistance 2.25 and retest would be confirmation...
- This is a continuation of the buy trade last week. The price has broken above the major resistance on the H4 chart and is now slightly above the previous high on the daily chart. - We're looking at a retest of the broken resistance for entries for further buys. For those who missed my previous analysis on it, please revert to my previous idea on GBPJPY buys.
- According to the daily timeframe, the market is ranging, forming lower highs and lower lows on H4 AND H1 TF. After consolidating for a while, the price has broken out and is currently retesting a broken minor support for a fall. Close of the H1 candle would be an entry for a sell.
Based on HTF (Daily), the price is currently in an uptrend and approaching a previously broken weekly resistance level, which has now turned to support. If the bullish trendline and support level are respected, a bullish candlestick signal would be a signal for a bullish move, while a break below the support level would be an indication of a fall to the next...
Price is currently at a major support area, which hasn't been broken since March. Examining the area for signals for the beginning of an uptrend.
Current trend - Downtrend The price is currently at a major support level after a significant fall. Price currently formed a higher low on H1, but no close on H4 yet. Price action during the Asian and London sessions would determine the direction of the market.
Current trend - Uptrend - Price broke major resistance on the H4 and Daily charts, but no retest was made on the lower TF (H1 & M30) - Looking at a retest, turning resistance to support before a further upside move. Will be looking at Asian and London sessions for entries for a retest or any other signals the market gives
Price finally broke and closed above the resistance on the daily chart. The market is currently in an uptrend, but I see the price coming in for a retest on H4 before a significant upside move. I'll be on the lookout for a reversal signal on lower TFS for an entry in the new week. Feel free to share your thoughts...
There was a BOS (Break of Structure) on the Daily chart with Price closing below the previous support, and a retest was done on H4. Currently price is retesting the support on H1. Close of the candle below and a signal on lower tf like M30 would be an indication for a sell. Risk - 30 pips Reward - 280pips
- Market Structure on the Daily chart is showing Lower highs and Lower lows - Price has formed lower highs and lower lows on 4h and 1hr charts. - A sell entry immediately after the market opens to the next support. - Break of the support on HF(H4) retest, and close of the daily candle below the support level will be the final confirmation for a fall and room for...
-The daily chart is showing a Head and shoulders pattern, with the right shoulder complete, as indicated by the last daily close. - H4 is also showing a Head and Shoulders Pattern with the right shoulder complete. Additionally, Price reached a major supply zone (Circled areas) and fell, forming a head pattern and a lower high. - Price has formed a lower high and...
Close of H4 candle above minor support for entry for another rally.
Trend - Uptrend Daily structure - Price action/support maintained and BOS not seen There's currently an impulsive move, but looking at the price reaching my target, I'm looking for a retracement or break of the incoming resistance and retest for another entry.