We can see that what was once a resistance zone has now become a support zone. Price has also created a lower high which allows us to add a trend line to the chart. If price makes its way back to the support zone and we get signs of rejection, drop to a lower time frame and enter a buy after we get a bullish breakout. However, if price returns to the support zone...
Price has created a solid support zone with multiple hits and is creating lower highs and lower lows. If price makes its way back to the trend line, we can look for signs of rejection with a reversal pattern and enter a sell on a lower time frame. However, if price decides to break through this support zone, wait for a retest and enter a sell on a lower time...
EJ has been in a long term buy. Price recently created a double top which could be one of our first signs that price is setting up for a trend change. If this happens we can see price either create a triple top OR breakout of the trend line and begin selling. Drop to a lower time frame for a better entry.
Price is forming an ascending flag pattern. A breakout into a sell will most likely take place over the next few days or weeks. Drop to a lower time frame for a better entry when the breakout does occur.
Monitor closely over the next few days or weeks. If price continues to respect this zone without breaking through it, drop to a lower time frame and wait for a reversal pattern to form before entering a bullish trade. However, if price decides to breakout of this support zone, wait for a retest on a lower time frame before entering a sell. Happy trading!
GJ has been in an uptrend for a few months now on the higher time frames and has been respecting a 4 hour trend line. Price is currently going through its pullback phase and approaching this trend line for a possible 7th hit. This area is also in a clear support and resistance zone. Monitor what price decides to do when it gets closer to the trend line. If price...
Multiple long wicks indicate to us that price is having difficulty breaking through this resistance zone. Price can still decide to breakout of this zone and continue buying but it is more likely based on price action that we can look for a bearish breakout over the next few days. Happy trading!
Price is in an uptrend and is currently making its way back to an H4 trend line. Monitor on a lower time frame to see if there are signs of rejection when price gets closer. If price doesn't breakout of this uptrend, we can enter another buy at the trend line after a reversal pattern forms and we get a bullish breakout.
Price has been in a steady downtrend for the past few week and has made multiple hits to this trend line. There is the possibility that price could hit this level again and continue selling. If this happens and we see signs of rejection in price we can enter a sell at the trend line or resistance zone. However, if price decides to breakout of this downtrend and...
Price broke through a previous resistance zone on the 4H time frame. We can now monitor this pair closely over the next few days to see if price decides to hit and respect this 12H trend line instead. If we get signs of rejection near the trend line and price does not break through it then we can drop to a lower time frame and wait for a reversal pattern to form...
This pair is currently in a very steep uptrend. Price cannot maintain a move like this for an extended period of time without there being a correction. At some point price will breakout of this uptrend and begin to sell. You can set an alert and wait for the sell or wait for price to pullback to the trend line and enter additional short term buys in the meantime...
On the 30M time frame we can see what appears to be an ascending flag pattern. These patterns are usually followed by a bearish move. Monitor to see if this pattern decides to form, followed by a breakout into a sell below this zone before deciding to enter this trade. However, if price decides to completely break through this zone, do not enter a sell. Monitor...
We are very close to a resistance zone on EURJPY. Drop to a lower time frame and monitor for a possible reversal pattern. If price does not break through this zone we can expect multiple wicks in this area which shows rejection. Wait for a bearish breakout before entering a sell. Happy trading!
Price is currently in a major resistance zone with multiple hits that were followed by massive bearish moves. Drop to a lower time frame and look out for a reversal pattern in this zone. Enter a sell after price breaks out of the reversal pattern in the direction of the trade. Good luck!
Price is currently near a resistance zone. Drop to a lower time frame and wait for a reversal pattern to form. Enter a sell once price respects this zone and breaks out of a reversal pattern in the direction of the trade.
Price is currently in a resistance zone with multiple hits. Drop to a lower time frame and wait for a reversal pattern to form in this zone. Enter a sell after price breaks out of the reversal pattern. Good luck!
Price is currently near a major resistance zone. Drop to a lower time frame and wait for a reversal pattern to form in this zone. Enter a sell after price breaks out of the reversal pattern. Good luck!
This pair is currently in a downtrend and has been making lower highs and lower lows. Price recently dropped lower than the most recent low. This signals to us that it's possible that price can pullback and retest this zone before continuing to sell. Drop to a lower time frame and wait for a reversal pattern to form before taking this trade. However, be careful...