Price is at resistance and rejected breaking above the 38.2 zone. I will be waiting for further confirmation to go short on this pair
I'm seeing a potential high probability signal here, price is currently at resistance and just rejected breaking above the trend, if you drop down to H4 we can see a triple top forming and an Indecision candle where price dropped. I'll be waiting for a confirmation at the end of trading day Monday to confirm my analysis and if it proves to be valid i'll go short.
Pinbar starting to form on the weekly time frame, looking for some longs here.
USDZAR weekly candle closed as a gravestone doji. Price broke out of the upward trend line and made a pullback, it will be looking at further lows preferably @14.46253
The daily candle closed as a pin bar at resistance, looking for further confirmation to go short here.
We enjoyed profits from our long trade which proved to be very fruitful. Now price has reached resistance and is showing signs of rejection and a decrease in bullish momentum. I will be looking for confirmations to go short on AU
For the the past couple of days GJ has had quite a bull run, however we are now seeing a strong rejection at the resistance area, there could a possibility of price pulling back down to 136.071 or further down to 130.888. if price closes as an indecision candle we can wait for further information to go short.
Potential trade idea. we'll see the direction at market open.