Max's favourite pair:
Possible trade opportunity
4h RE TEST of the 50 and descending trend line for continuation to the top of the range
Price has broke the range went down, now came up and re test the descending trend line
Risk: well..... Mr. Trump tweets and the USD travelling together with the EUR
THIS IS A TRADE IDEA. Do not enter or follow blindly
Rookie9245 minutes ago
8EMA Daily Gap close
4Hr TF: Price above 8EMA
1Hr TF: BCR of 50EMA in progress. Wait for it to be complete
15min TF: Wait for BCR of 50EMA + 3 Continuation candles + Sniper criteria
Please note: Daily Gap closes require patience, do not take any short cuts and let the criteria come on side.
Risk accordingly, trade safe. Good luck
GabrielleJune2 hours ago
EURAUD Daily Gap Close
We have had a huge hike up to a level of major resistance at 1.68283 and have been pulling back for the past 24 hours or so to retest S&D at 1.65880.
Yesterday we had a 4H Gap close which continued past its 8EMA and continues to drop. Currently we have broken beneath the 1H 50 EMA and are coming up for a retest. With the 15 minute moving averages beneath price, we want to wait for a BCR beneath the 15m 50 EMA and then two to three candles of continuation with sniper onside.
Side note: We have a small 4H gap that needs to be closed first before any of the above can take place. Never trade away from a gap and always wait for sniper to be onside, We could get a nice 1.5 RR with this one, but patience is key.
Trade safe folks and good luck!
Renaldo holder12 hours ago
50% pullback trend continuation
A break out of resistance and a retest of it acting now as support. It is also 2 X ATR pullback back into support. A good risk to reward ratio. Goodluck guys. I love the technicals on this trade.