Pair reached to important support and doesn’t react. Trend is without doubt bearish so we should look only for bearish signals during bullish correction. The most obvious level to open short position will be of course the closest strong resistance which was strong support for some time in the past.
I wrote about this pair yesterday. The price went down quite fast and made 140 pips of profit. SL is moved to Break Even and I just have to wait.
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The pair broke resistance which should now turn into support. We can see some emotions on EUR here because levels are not respected and the pairs connected with it are less “technical”. If there will be bearish correction, the pair will rebound from mentioned level and there will be Price Action signal on H4 chart.
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It is the third daily candle which attack strong resistance. If there will be sell signal and SL will be at least 2 times smaller than closest support, we can consider opening short position. However it is better to look for long positions after bearish correction.
There is buy signal on this pair. Price tested support and Pin Bar is our signal. I set buy limit order on 50% retracement and set SL below last low. TP is 180 pips and with 30 pips SL it give very good RR 6:1.
This pair is getting close to support area and there can be buy signal soon. Lately trend is clearly bullish so long positon is a good idea. We can look them both on D1 and H4 chart.
Another pair with franc which is attacking resistance. Here situation is a little different than in GBPCHF because there is side trend and playing short position is possible. We just need clear sell signal on D1 chart.