Michael_Blurry

Michael_Blurry

Price starting to hug the 20mA 20mA crossover 50mA suggesting trend reversal.

Michael_Blurry

Confirmation of rejection of support - Bullish hammer & further bullish engulfing candle. Set Stop loss somewhere below 1.35. Good Luck

Michael_Blurry

There are some mixed signals from the price action of this pair. You could argue the latest retest resembles a bull flag, or the chart formation looks a little like an inverse head and shoulders. At the moment my bias is still bearish as fundamentally we still have lower highs and lower lows. We also have the pin candlestick rejection from resistance. As a...

Michael_Blurry

So after last weeks better than expected results for the Chinese economy, the price broke out parabolically of its uptrend. As you can see on the weekly TF, the price is currently at all-time highs and has twice previously been at this level and rejected. I expect there to be some selling pressure at this price point. Always difficult to accurately predict the...

Michael_Blurry

Looks like the market is forming a trend channel. Buy if there is rejection off the trend line. TP @ 1.6 Fib All the best.

Michael_Blurry

Candle build up at resistance / bull flag type pattern. Usually a strong sign of a break-out. If possible, try to buy at the bottom of the flag, for tighter stop loss. Take profit at next area of selling pressure, highlighted by the red rectangle.

Michael_Blurry

Simple downtrend. Wait for price to reject top trendline with a rejection candle, as shown in the previous two examples i've pointed to. Buying pressure could come in at the at the red rectangle, so take profit around here. All the best.

Michael_Blurry Updated 

Lower highs into resistance Price has just broken through resistance Wait for price to retrace and then buy upon confluence of lower trend line and support line

Michael_Blurry

Wait for price to retrace to strong area of support Buy on confirmation of rejection candle Take profit at last swing high

Michael_Blurry

Uptrend Wait for price to retrace to lower trend line Buy on rejection candle of trend line. TP - below Fib 1.6 extension @ 14500

Michael_Blurry

Price has broken out of a range. Wait for price to reverse and retest resistance turned support. Buy on rejection candle. TP at next resistance major resistance.

Michael_Blurry

Price has rejected upward trend line Take Profit @ 1.6 Fib - $46

Michael_Blurry

Confluence of long term uptrend on daily TF and support line on 4hr time frame. Look to buy on bullish reversal candle from the highlighted area.

Michael_Blurry

- Historical rejection of the 50 eMA on the 8hr time frame - Latest hammer candlestick signifies another potential bounce. TP 1 - 0.69600 and then ride a portion of your position further. Should be good risk/reward, 2:1 - 3:1 depending on your stop loss requirements. Enjoy Phil