I did not actually take this trade because it doesn't have my required risk to reward ratio.
I did not actually take this trade because it doesn't have my required risk to reward ratio.
I'm expecting a pullback within the next few candles. Price at strong support, if we get a clean break and a retest we can expect bears to get their shit together and send this price down.
Price has closed last week at a fairly strong support level so we can expect to see some reaction, will look for a bear flag for possible short entry on the lower time frames.
I want to see price get some more distance from the MA before a pullback for a possible long entry. Currently more bullish unless we get immediate downward momentum at the open.
We can expect to see a short-term bullish pullback before a continuation of the downtrend. Overall no interest in any trades.
Price may consolidate between the blue support and resistance lines for a bit. Both levels are strong multiple tested levels. Will look for possible trades on a break of either level.
Price could begin an uptrend, I'm looking to get in at the retest of the recently broken high. For an entry, I'll look for patterns on the lower timeframes.
I believe the current pullback is complete and at open we start to see a bull move form and continue up to the blue resistance line. We could see some reaction at this level. A possible entry could be on a bearish reaction at that level or a bullish retest after a break above.
1H, 4H, and Daily timeframes all show a soon-to-come bull move. I'll be looking at price to reach the 50-EMA and structure area to enter a long position.
Price has created an interesting pattern, every time it hits the resistance level it pushes down further and further. We could look for sells on the lower time frames. Long term I'm looking for a break of the highs and a retest of structure for possible long entry.
Price is at strong support that hasnt been broken in years. We could see a long term reversal and up-trend soon. Will look for long entries on a retest of resistance turned support.
Looking for continuation of downtrend on a retest of the bottom of a complex pullback.
This is what I would like to see happen. Price looks like it could go either way at this point. However, due to the recent uptrend and obvious loss of momentum I'll be looking for a good sell opportunity. To enter I want to see price move down and consolidate a bit before continuing to move down.
Price has broken out of an area of consolidation after showing signs of a fresh downtrend. We could look for a retest for a potential short position. If price renters zone, we'll wait for more confirmation of a direction.
Price has just created an area of consolidation after a 3 day uptrend. We can expect to see a downside breakout and can look to enter on a retest of the zone. Price action on the daily time frame shows price at a pullback of a downtrend.
The bull trend has seen a recent loss of momentum with weak impulse moves. Price failed to break the high after creating the low which can indicate a possible reversal or at least bears wanting to hop in. Price is at strong resistance which has been tested 6+ times. With this combination we can potential see a reversal with an entry on a retest of support turned...
Price is at it's lowest since 2008. We can see a potential reversal from the commercial traders. I'll be looking for long entries once we break out of this flag formation. visit us at blackorchidfx.com! For some good reads visit our blog at www.blackorchidfx.com If you'd like to contribute, please submit all blog posts to contact@blackorchidfx.com