A breakout from yellow level and pullback, buy buy buy!! A breakout from trendline with a pull back, sell sell sell!
While it is a pullback to a range that could warrant a short it is also a pullback to another range that would warrant a long!
The beige lines are support and resistance. The ray is a possible resistance but need further confirmation.
The top level could get obliterated that was really just an estimation however there will be a bounce at the support below it
Looking for a retrace, then I'll long and fly to the moon
Another pullback to the 120.079 and I'll have a short bias Otherwise if it hits 118.505 I'm going long :)
Definite short bias here, important resistance area plus looks like buyers are exhausted after the election excitement!
I'm almost inclined to short straight away! It's already given signs that it's ready to fall! 1:3.04 r:r is also pretty cool. edit: I moved my stop and so it actually hit my tp :)
So, the arrows should be self explanatory. If it bounces up I'm looking to short. If it bounces down retraces I'm looking to short. Definitely a short bias here.
Buying pressure looks to be running out so I'm pretty sure a short here could work. Would only long if it breaks all three levels
Personally probably won't trade this but it could be traded. I think it's pretty self explanatory.
Price approaching resistance Would long if theres a break and a retrace Short if confluence + pinbar or clear exhausted buyers
Red levels are support turned resistance Yellow levels are support The level where price is currently is important, if it breaks this and retraces I will jump in long. I might prefer to get in short, I would do this if it broke both of the yellow levels beneath it and retraces.