This is a fantastic Risk/Reward opportunity at where price currently sits. I took this trade at the same point, 3 or 4 candle sticks ago. After we see this recent move downward, price came back to a major resistance level, which also happens to sit on the 61.8 Fibonacci level. Price is literally at this point right now, and this presents a fantastic opportunity to...
Price has just broken a recent month long downtrend toward the upside. It then came up into a key support/resistance zone and retraced slightly. I believe that price is going to return to levels near its recent low before making a strong push up, resulting in the breakthrough of that major support/resistance zone. I would keep my eye on the price action for this...
NZDJPY has been on an uptrend over the last couple of months, moving up through a price channel. Price, then made it to a key resistance area, at which point it turned around and came back to the bottom of the trendline. Thereafter, price fluctuated off of the bottom trendline and a new downward trending line formed a bullish pennant, signaling a further move up....
Price has been moving up a trend line going back to around August of 2016, with a resistance zone that has been above price for a majority of the time. These two lines form a wedge that is currently at the end of its consolidation. Price has created a partial head and shoulders, and I expect price to retrace around 78.6 level of the fibonnaci retracement line, at...
After breaking through a multi-year record high, we are expecting this trend to continue. Therefore we are looking for a buy opportunity. I am expecting price to come back close to the support/resistance area that it had just recently broken through. Because the candle was so strong, I am not confident that price will come all the way down to the area before...
