The price filled the gap and hits supply zone. The price might follow the direction of the bearish trend.
A breakout from the ichimoku cloud would suggest that the price might continue to go down. However, the price might use the nearest demand zone to pull back. A break from the trend line would be a good signal that price might test the demand zone below.
I have sell bias in the market since the price broke the ichimoku cloud and suggests downtrend momentum. The price might bounce at the demand zone in M15 but most likely to break it following the trend. First entry @ 1.30213 and second entry @ 1.30640 when the price retest the resistance of ichimoku cloud which is also a supply zone in D1.
The price has broken the trend line.The trend also shows strong sell bias .
I have bearish bias with the market since the price is below the cloud and below MA 26. I think the price will go to the demand zone below for a pullback.
I am going long for this pair since the signals show bullish bias . DXY also show shows bearish trend. Let see if DXY will continue its downward momentum this week.
Following the pattern, I am shorting the market since the price moved below the cloud and the Kijun-sen. The price is also testing the trend line. The pair might complete the ranging pattern it made. Sell stop Entry @ 1.91620 when the price bounces from the supply zone in M15 and trend line.
I have bearish bias with the market since the price shows downtrend momentum. Stochastic also indicates that the price is over sold and might give a pullback. Enter the market when the price rejects the supply zone. TP1 at the trend line and TP2 before the demand zone when the price breaks the D1 trend line.
The uptrend momentum shows that the price is trying to break the supply zone . I am trading the breakout of this pair. Enter when the price brakes the zone. TP1 before the next supply zone . I'll cut half the lot size and leave half since the price is in bullish trend in H4 & D1.
I have bearish bias with the market since the price shows down trend momentum. Stochastic indicates that the price is over sold and might give a pullback before following the trend again. Enter the market when the price shows rejection in the supply zone. TP1 at the trend line and TP2 before the demand zone when the price breaks the D1 trend line.
Sell when the price bounce at the supply zone and trendline. TP before the demand zone below.
The price in the higher TF shows uptrend bias. After the bullish rally of the price on Friday, the candle is now forming a rally base pattern. The price might continue to rally to form RBR pattern or the price might correct to form a RBD pattern. Either way, I'll place my pending order entry @ 1.29200 in RBR demand zone. Trade the breaout when the price breaks...
Pending order entry @ 1.31840. Exit when the price breaks the supply zone. trade the breakout when the price breaks the trendline above the moving average