Price shows its intention to retrace after a long breakthrough the Monthly resistance towards the North by the double top pattern seen on 4h time frame. Put sell stop order towards the next Daily support as indicated by Sell Position tool. Lock profit as soon as price goes below 1:1 risk reward ratio by moving SL to BE (Break Even).
Price is currently at the intersection Monthly top (downtrend) channel line and Daily resistance. This can push the price further down. Put Trend Catcher order as shown by the Sell position tool to catch the move South. TC order: - Stop order 5 pips above last candles high. - Good For Day order. Re-order on the next open of a new candle.
Get ready to sell. Wait for Head and Shoulder or Kings crown formation to sell.
Price has gone South quite forcefully for the past few days now. It is now approaching its Monthly support and bottom Monthly channel. Expect some movement to the North. Potential price move are shown as red and green arrows when it decides to continue bearish or relinquish its power to the bulls respectively.
Price is currently at Monthly support zone after a few days of strong bearish force. Wait for market to show its intention. It has been within a consolidation cycle for a good period of time now and therefore there is a possibility of going back to the North following green arrow path. You can wait for pullback and buy at next Daily support, or buy stop order at...
Sell on better price! Please don't be tempted to choke the price movement. Allow the price for some potential bigger Daily retracement as shown by both sell position tools. Scale in when price gets to better price as shown by sell position tool #1
It has been months that downtrend cycle is showing on EURAUD. Now we can see from Daily chart that price has come to Monthly support zone with minor Daily support zone on top of it. Sell once price has shown its intention to carry on going to the South by breaking the Sell Threshold line (blue dashed line) that acts as minor support. Good Stop Loss location...
Price has gone above Monthly resistance (pink area) and it's still going. Can this be a valid breakout? I will only confirm it when it has retraces twice to the North. Otherwise it can be just another fake breakout. 2 ways to enjoy this breakout: 1) Early entry: put Trend Catcher (TC) order at first retracement 2) Ideal entry: Trend Catcher (TC) order at second...
It seems the Bulls have taken the ring now. Get ready to Buy on retracement, either waiting for bullish candle stick pattern at retracement or putting limit order on previous most recent Hourly support.
Price is still in Daily accummulation phase (blue parallel lines). Wait for price to show its intention either going to the North or South. Potential Double Bottom can be formed on Daily chart which can mean price might go to the North.
Price is currently on a Daily retracing period. Get ready to sell. You can put stop order lower than Friday's low with SL on Friday's high to catch the ride.
Price is going into accummulation phase that will soon reveal its intention. 2 orders we can put here: 1) to catch the South bound train early in the phase. This is the potentially the main route. It's going to be a long ride down so be ready to keep moving SL. Move SL to BE (break even) once it reaches 1:1 risk reward ratio. 2) to catch the North impulse. Price...
Let's hop on the train to the North. Either catch it on the run by stop order or when it's pulling back by limit order as shown.
Get ready for some selling! As soon as the price breaks the ascending triangle towards the South, get in the ride to the South towards the next Montly support.
Price has shown strong rejection at Monthly resistance zone breaking Daily uptrend line, which then bounced back and forth between recent Daily support and resistance forming early pennant formation. There is strong possibility that it will continue to go further down to the next Daily support. It is wise to actually wait what happens with the pendant formation...
Price is currently at minor Daily support inside accummulation phase that has been going on for several days. The trend is still downtrend and therefore ready to put sell traps under this Daily support zone as indicated by the 2 Sell Position tool. Open 2 positions with 1 targetting the next Daily support zone and 1 targetting the next Monthly support zone.
Price has been on accumulation phase for a few days now so it can go to North anytime. Put stop order (GFD - Good For Day) 5 pips above yesterdays high with SL of yesterday's ATR to get on today's possible North train for some profit as shown by long position tool.
Price has gone broken the Monthly Resistance zone (pink area) showing good bullish power. Wait for a good retracement back to this Monthly resistance-turn-support zone as shown by the red dashed line.