Price created a falling wedge and eventually broke out of it. Price then created a key support level on the 5min timeframe and so I entered a long position on this pair. Risk/Reward is 1:3 with a 20 pip stop and a 55 pip target profit.
Price created a correction in the form of what it looks to be a rising wedge. Looking to short this position on the 3rd touch of the resistance trendline to the beginning of the correction. Entry by sell stop
Looking to short USDCAD on the white zone marked or at the top of the resistance line. Looking to enter this trade with a sell stop
Price created an ascending channel to complete the double top formation. I am anticipating that price at either the top of that double top or break the trend-line support and falls. If not then it should break and continue higher.
Looking for price to test that resistance zone marked up on the charts to either fall or break, retest and continue high. Regardless I am anticipating a reaction from that zone since it is a key-level in the market. Please add on to my analysis if you have any ideas or agree with it. Thank you!!
Price has created a rising wedge and my analysis on this trading instrument is to fall at resistance if not continue up slightly to fall eventually. Please add on to my analysis if you do have any ideas on this trading instrument
Anticipating price to respect that support and shoot up or either break that support and fall to test the lower support zone marked on the chart.
Looking for price to either bounce from that zone (marked in white) and test the horizontal ray line at the top of the high (marked in blue) or break that zone as well as that horizontal ray line (marked in blue) on the low and then retest and continue with the downward momentum or continue with the downward momentum as a whole. Please do add on to my analysis...
Price created what seems to be a channel which indicates that price would impulsive break to the upside impulsively or downside impulsively or it could even continue that side-ways moving channel.
Anticipating a 3rd touch on the resistance trend-line of the steep pattern to possibly fall or continue with the pattern and then fall. Please do share your ideas regarding this analysis as I am a trader learning.
I am anticipating that price would make a 3rd touch on at the support trend-line, followed by a break and continuation to the downside. Alternatively price could make a 4th touch on resistance to either fall or break above and rise higher.
Price created a rising flag pattern indicating to me that price is likely to fall on the zones I marked as red. Agree?
Price Action analysis. Chart pattern is maturing and is ready for a break of structure. The momentum of price is bullish and at the current moment it is in a corrective nature.