I am looking for price to break below the 1.22500 level and retest it before making it downwards move. My confluences will be a break of the short term bullish trend line, candlestick rejections of the 1.22500 level, a cross of my moving average and a bounce off the long term bearish trend line. The arrows demonstrate how I think price will move. Once price breaks...
Price has recently broken the structure highlighted in orange, with a momentum candle stick, making higher highs and lower lows and retraced back to the area. I will look to take a long position looking at candlestick patterns and a bounce of the trend line and confirmation.
Potential short trade at retest of structure highlighted in orange which lines up with the 0.618 fib level.
Recently price has created lower highs and lowers lows. I believe price will retrace back to the turquoise area and continue its bearish trend.
Price has recently consolidated above a long term resistance line which has now changed roles to become support. It has just broken out of its short term bearish trend, with a change of structure being a high lower highlighted by the yellow box. I will look to take a long entry around the pink box which lines up nicely with the 0.618 fib level and I will also look...
I will be looking at an entry near the support trend line. I will look for bullish movement upwards, then a re-test of my support trend line to gain entry.
I believe price is going to retrace back to one of the fib levels and continue its buy trend.
I believe price action has just come out of the expansion phase, whereby long positions have been accumulated from the selling pressure of the previous breakout which have been stopped out at a strong level of support. I will be looking to take a long position when price pulls back slightly, making a higher low on the 15 min time frame for a precise entry.