1. Price is in an area of significance (retested this zone numerous times and hasn't broken to the downside) 2. Significant BULLISH pinball candlestick 3.Bullish engulfing candle closes in this zone (Indicates BULLS are being injected into the market; BEARS are trying to maintain their strength) 4. Wait for PA confirmation before going long
Waiting for price to reach this are of support; Entering LONG on Price action confirmation. Currently in an uptrend, price has bounced off this area multiple times in the past, waiting to see if Price action confirms this uptrend
Finally the impulse move that broke resistance level, waiting for retracement of about 50% of the bullish engulfing candle (4HR Timeframe) before looking to continue LONG
GBPCHF is at a key level playing around a major resistance level. Price has been rejected at this level time and time again so bias is to the downside. Waiting for price action confirmation before going SHORT
I am biased long on this pair. We see price testing this zone again, on Jan 3 we see a pinbar candle close (DAILY), followed by a BULLISH engulfing candle close (DAILY) on Jan 4 which indicates buyers have entered the market. I believe we are resting this area and price will make its way up to the 1.06500 area
Gold Has been retesting support for quite some time now. It is making a strong push to the upside. 2 scenarios once it reaches resistance at 1286 level. It will either continue bullish or head back down to retest the Trendline before heading back up again