A break of channel usually means a new extreme has to be made. I like the candles at the time of the trade. Taking my chance short
Another retest on the support. I will keep a tight stop on this one as the more it retests, the weaker the support may become. Also pretty consistent higher lows... Risky one!
If the former demand zone holds, I may take a shot on a long position.
I will try to catch the breakout as it forms, with a half position. I the momentum if confirm with a restest, I'll go full position long.
That Supply zone used to be pretty respected. Now it became support. Already in the trade when i write this idea.
The trade is done already, forgot to publish it. Put it here now for my logs.
Looks like the price is going sideways in a big resistance. Waiting for confirmation of rejection, and will take my chance going SHORT
Let's be patient here. Waiting to see where goes the forming candle to decide whether I take a short position or not.
1 - There is a dowtrend channel forming. 2 - A 2 legged oullback in place, even if not very clean. 3 - A former resistance zone that may help to push the price lower.
After the failure for the bears to go down after the ascending triangle breakdown, will the supply zone hold? It can also be seen as a bear flag, considering the big downtrend it comes from. But the move down definitely failed. Waiting for a move higher and a retest.
We reached a Supply zone, but the precedent move was really bullish. May have a quick pullback and a move higher... Waiting for a retest and a lower high to think about a short position.
FX:EURNZD is making a new high after a bounce off a demand zone. I may be a little early in the trade, but we will see. It also looks like a failed second entry short is taking form, which would be a good bullish confirmation
A new Demande zone has formed, and I'm expecting a bounce to the Supply zone.
The previous supply zone has been broken. Want to see a pullback and a bounce off this failed supply zone. Waiting for confirmation on FX:USDCHF
The price is going back to former support and former demand zone. Will take a trade if a rejection occurs
Very simple price action pattern here. Waiting for the retest and confirmation of old resistance.