Price has shown enough strength to justify a long entry. It may pull back some before thw actual run up though. You can set up a fib and enter at 61.8 or go ahead and enter now in case it shoots up without a pullback.
Sell now on 4h chart. Downtrend resumes from this side ways congestion.
Lunar--Yellow line marks 2 days prior to last quarter of moon. New wave down possibly begins. Place a sell trade just a few pips below today's closing daily candle. Stop loss a few pips above high of prior days green candle. 2 to 1 reward/risk. The channel shows areas of prior support/resistance that provide extra clues that this may be an area of resistance....
EUR/CAD Weekly Chart Channel Worth Watching
Weekly chart angled channel support/resistance areas.
This chart shows an angled support/resistance line that has 2 support levels and 2 resistance levels in the past.
Here is a UJ Daily chart. I have basically placed a vertical line 2 days prior to each lunar 1st and 3rd quarters to see if there is any price movement correlations that could be traded or at least provide some small clues as to future price movement. As you can see I have marked with an arrow the ones where price was touching the top or bottom Bollinger Bands on...
What does the price curve show? Bearish. What does the latest price formation show? Bearish. 30 ema is below 93 ema = Bearish. Price is below 300 ema = Bearish. There is nothing to indicate bulls have taken over.
If you are thinking about going long on EUR/GBP you may want to take a wait and see approach. The daily chart is showing a potential topping formation with a potential head and shoulders formation playing out. The 30 ema has also crossed below the 93 ema. The head and shoulders pattern has not confirmed so we need to keep watch. Will the bulls bust out and trash...
Plan: Go long whenever a 4hr candle closes above this line.
NZDUSD 4hr line in the sand trade plan
Price appears to be finding support at a level with a history of support/resistance. Need to confirm with price action at a lower time frame. May have a nice bounce up from here.
XAUUSD watch for potential short price formation this week.
EU Intraday Trade Levels for Sun/Mon 06/12/and 06/13
UJ Itraday Trade Levels for Sun Night/Monday 06/12&13
UJ with 38.2 fib, gann square, gann fann and pitch fork all showing possible support at this level.