A head and shoulders pattern has formed over time, price broke through & retrac ed back near the neckline. Place buy pending order above a few pips, a $35 stoploss(depends on individual capital) and a $100+- take profit (depends on individual capital).
🔥 Brace yourselves, traders and enthusiasts! In today's video, we're dissecting the wild rollercoaster that the EUR/USD pair took us on. From sharp drops to unexpected surges, the currency market was on fire, and we're here to break down every twist and turn.
Join our team of seasoned traders and financial experts as we analyze the factors behind this crazy...
BTCUSDT Might Hit 20K Zone In Few Months TECHNICALLY And More.
Confluence: Accending Channel Which Serves As A Continuation Pattern.
Valid Area Of Values And More.
Trade Safe
GBP/JPY:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push...
GBP/USD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart because we will have had a completed three touch structure.
• If price pushes up impulsively to and ideally just above either...
Waiting for 1-hour retrace candle on the high of the H4 flag to take a sell entry all the way down to the 90% rule of the previous ascending channel for a 19%+ target.
The trade started from the weekly TF with an Ascending channel that broke impulsively to the downside ;corrected with a big flag where we took advantage on the hover of the channe
Principles applied:
1. Multi-touch confirmation
2. Pattern within a pattern
3. Phase Identification
4. Nature's theory
Disclaimer:
Not a signal. For educational purposes ONLY. Use your own discretion.
Sometimes paying attention to price action patterns repeating themselves is the only analysis you may need.
Disclaimer:
For education purposes only. Do your own analysis.
Long-term outlook = Potential Head and Shoulder formin for mid-term swing short positions.
Short-term outlook = Falling channel = Long opportunities. Target - 90% rule
Disclaimer:
For educational purposes only.
