The higher time frame structure on EU is still Showing us that we will likely have a big move to the down side coming. The next key area to be looking for this short will be back up at the DT. Ideal set up on this will be another 3 touch mini ascending at the key area, either the DT or at the bigger 3rd touch trend line.
There is however potential for a short...
Now that we have a clean impulse out of a very corrective ascending structure, I am looking for an entry on this continuation.
Need price to stay within the previous high and current low as it forms this counter trend move.
This small break out of structure can now potentially evolve into a simple fake out and price could now fall all the way back into the pattern.
Price has given us a very nice impulse out of a corrective ascending channel. This was forecast in a previous post.
All we need now is clean continuation within the previous high and current low and i will be entering this position with 2 trades one to manage aggressively and one to
hopefully hold for the larger move to the downside.
Looking to sell the weakness of Europe and Brexit chaos. Looking for reversal on the Daily to continue.
Entered on short on a bull trap on the hourly chart.
looking for a multi day move potentially adding size when the opportunity arises
GBPJPY D1- Continue Rectangle or Bullish Dragon Pattern?
Currency Pair: GBP.JPY
Time Frame: Daily
Predicted Direction: Neutral
- Price bounced several times within PCZ
Entry:
I will open Sell if the price will make breakdown of @138.74 (SL = @141.41, TP = @130.59)
I will open Buy if the price will make breakout of @141.41 (SL = @138.74, TP = ...
Bearish pennant formed indicating a continuation of the downtrend. This market is coming up to an area of resistance which should trigger some movement to the downside and make a new low. NFP later this week so hopefully out before that.
