Expecting Big Drop in GBPJPY After Reversal Confirmation , already 3rd Touch Confirmation nad pattern also making correctively
AUDCAD moving in downtrend , so waiting for 3rd touch pullback before strong SELL
I am expecting an upside Move after pullabck and ay be possible new high
On the weekly on the USDCHF we are in a corrective ascending structure. On the daily TF within this channel we have also formed another ascending channel, which we have just seen a retracement off the the third impulse or push. On the 4hr this third push is represented as a flag and it will be the breakout of this flag that will determine if there is a possible...
Awaiting a breakout on the 1hr bullish pennant. Looking to capitalise on another impulsive move. Risk to reward looks good as well.
The market can be seen moving to the downside. However, before moving to the downside, it may very well correctively or impulsively move up to create the third touch of the structure, which may create a running channel by forming a head and shoulders pattern or a breakout, which will move to the upside. It can be seen from the bigger picture that the market...
Market seems to have created the third touch after after an impulse downwards, followed by a correction phase, and a vicious reversal to the top of the structure. What can be seen here is a potential head and shoulders pattern forming. In the 1 hour chart, an evening star could be seen formed, which ticks off another box for the market to impulse downwards. ...
USD JPY crossed strong level | Long
On the Weekly chart here we see an ascending channel where price movement has not quite yet touched the support line. On the 1HR chart, we see another ascending channel which seems to have been broken through to push price lower. This is where I originally had though of placing my buy order in hopes of catching the movement back up to the 1.97400's. But now...
As you can see from the , there is a breakout of the ascending channel on the 4HR chart. We can watch this pair closely to enter the market on the pullback, which does not seem likely to touch the trend line.
We saw a great pullback buy opportunity today in the NZDUSD market! This was a great scale in for those of you who entered the original trade on 6/10. This is also a great trade if you are just entering the market for the first time. The way I see this, you can profit from this twice. You could have placed your buy limit at 0.65622 which would have been placed at...
Hello, everybody, I hope you have all had a great day today. I'm just getting home from my restaurant job and reviewing/managing some trades I'm currently in. AUDCHF is one of those trades. I've gotten better at catching myself when I'm about to place a trade for FOMO but sometimes I still fall victim. I entered the market at 0.68565 originally with a 395 pip...
Its interesting to see how certain bias's can creep up on you while trading. If you'll remember yesterday I published 2 ideas on CHFJPY. Originally, I was under the impression that the market would drop as soon as it touched resistance and reverse down to the bottom of the Daily channel where we would have set our original Target. Then, Price broke through the...
Earlier today I posted an idea about how I think price action breaking resistance could have acted as a false breakout. After reviewing the market again, I managed to find something I wasn't seeing before: There is a pretty clear descending channel on the Weekly chart. This breakout can certainly be a breakout on the weekly timeframe and will play out over...