GBPCHF H4 TF clearly making LH and LL .Chart we can see that price passed through previous demand zones with high momentum and gave us a new strong supply zone at 1.4413 - 1.4455 area.If price retraced to this strong supply area I will look for sell signals.Price respecting bearish trend line too.Pls keep an eye on Economic news events and take trading...
Price approaching to daily bearish trend line border.While checking left hand side of the chart we can see that previously price formed a strong supply area (0.9500 -0 .9545)planning to sell around 0.9500.Confluences are daily trend line + Round number (0.9500)+ strong supply area.Regarding to stop loss better to put above 0.9550.
Heavy selling is going on in this pair.Price broken previous range areas.Immediate resistance are 149.90 and 150.30.If price retraced to this area, will look for sell signals.20 EMA may act as dynamic resistance.This is an intraday setup....
Price broken support area with high momentum bar.Sellers are controlling the market now.If price retraced to 129.90 area will look for sell signals.20 EMA may act as dynamic support , bearish trend line also formed.
Last couple of days this pair was in a strong down trend.Recently price passed through support 89.00 area too.Now price action showing some buyers interest and if price retraced to 89.00 level I will look for sell signals if that level failed I will look sell signals at 89.70.Seems to be 20EMA also act as dynamic resistance....
Lot of bullish momentum bars at H4 time frame.Now price reached 1.5400 supply zone.If price retraced to 1.5270 area I will look for buy signals.Hope 1.5270 area will act as resent support and will get buy signals...good luck to all....
End of Last week (Daily TF ),gold gave us a nice bullish pin bar that formed exactly at the support area.Actually it was a bearish trap/false break.If price break the high of the pin bar then I will go long targeting 1350 as my first target.If the Resistance area 1350 brake price may move up to 1380 and chances for retrace towards 1350 and according to the market...
Planning to short from 1.52800 area.Price break key support area with a high momentum bar now that area acting as resistance(previous support acting as resistance).20EMA as dynamic resistance.So waiting for pull back to 1.52800 area then will short from their...Its not a blind sell limit order.Care full about the USD news releases.
Looking for short opportunities near 0.9340 area.This area is acting as immediate resistance now.The trend is clearly bearish.H4 TF we can see clear bearish trend line too..
Price reacting to resistance area in the form of pull back towards daily support. H4 TF we can see one clear up trend line.I will look for buy opportunities near 0.7970 area...
Price is clearly making HH and HL.1.3200 area we can see buyers interest.An uptrend trend line also formed.If price returned to 1.3200 area I will look for buy..
If price break below 152.200 support area,I will look for a pull back towards broken support area and will look for sell.According to the plan profit target will be 150.50 area.
Waiting price to reach 1.300 round number area + trend line to join the resend uptrend....
Looking for short from 1.0328 - 1.0360 resistance zone.20 EMA also will act as dynamic resistance.
Pair is at Resistance zone now.Expecting pull back towards 0.9240 - 0.9222 support zone.Will look for buying opportunities at the support area...
Seems to be sellers are in control.We can see that previous pull backs (red arrows)buyers were interested but now .... So if price breaks down side possibility to move towards .8525 area. Trade didn't triggered...cancelled.
Daily Tf resistance+1.5300 round number break with a momentum bar approx (125 pips). while switching to H4,can see a clear up trend line and 1.5300 developed as buyers zone,EMA 20 may act as dynamic support.Planning to take long trade if price return to 1.5300 area.Breakout pull back continuation....will see....
price rejected from Resistance area and formed a bearish pin. 20 EMA also acting as dynamic resistance.Will enter short short when price breaks the pin ..... Didn't triggered.Trade cancelled..