H4 price is on primary bearish with secondary ranging market condition: The price is located below Ichimoku cloud/kumo and below Sinkou Span A line which is the virtual border between the primary bullish and the primary bearish on the chartChinkou Span line is indicating breakdown within the primary bearishNearest support level is 175.66 (H4)Nearest resistance levels are 177.52 (H4)and 178.05 (H4) D1 price is on primary bearish with secondary breakdown for trying ...
What does the turn in price look like? In the following chart, a supply zone for a short entry was highlighted with the yellow box, and the blue arrow indicates where a good short trade could have been entered. This is the expected “turn in price.” our stop would go above the zone in which we entered. Here it would have been about 17 pips. Using our 3:1 ratio, we need to find a reasonable profit target of at least 3 times that, or 51 pips. The blue box shows a small demand ...
Talking Points USDCAD Tests S3 SupportRange Resistance Found at 1.0992Prices above R4 Signal a Breakout USDCAD 30min Chart As seen in the chart above, the pair has retraced to its daily range support found at the S3 camarilla pivot near 1.0951. If support holds, traders may look for price to bounce back towards resistance. Range ...
AUD/USD Monthly Technical Analysis for August 2014 Higher inflation data and the belief the Reserve Bank of Australia’s next move will be an interest rate hike, helped drive the AUD/USD into a new high for the year at .9504 last month. An improving economy in China also helped underpin the Forex pair at times during July. However, the stronger U.S. Dollar and the dumping of higher-risk assets helped drive the Aussie down during the last week of the July, leading to a lower close for ...
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