EURUSD Bearish trend about to resume
price has started to make a continuation trend pattern, we are waiting to place SHORT positions on the breakout.
We are chasing the next daily around 1.10XXX area.
we have detected a flag pattern that can mean the uo trend will resume soon, so as well as we trade, let's wait the usual scenario: breakout, retest,confirm & trade.
let's wait and see what will happen.
we are looking for many charts, and... this is what we see about GBPJPY...
a corrective move draws a possible short oportunity on H1 chart, once break donw the ascending channel created, the price can falls hard to the next daily support area around 151.995 - 152.950.
as we trade, we'll wait a short signal to place orders after identify a breakout, trigger...
as we can see, a pattern has formed and the area has been break;
the price finds a support area that hasn't too much strength and can force a retest/ price correction to give us a good sell opportunity when the market shows a confirmation candle.
1 - identifies the pattern
2 - waits to break the region that forms the pattern
3 - waits to retest the breakout region
4 - waits to confirm that he has tested the area and enters the position
it's possible that the pair $EURUSD has finally reached a support area, we are on a historical S/R area and the pair is making a consolidated channel after a good bearish trend.
so let's wait a break and retest to confirm buys or sells
we're looking for a possible buy area on eurusd at daily timeframe , we'll keep watching to the area and decide if to buy or wait for sell on smaller TF's
a quick look on the char and we see the index around a (not so strong) S/R area that can be break soon, let's keep the eyes open on that to don't lost a possible short entry (or a long too =D )
looking for TVC:GOLD , we see that, breakin the consolidation area with a good strength... perhaps the metal can rise to the 1870.XX area this year again.
