So the price is making the classic impulse and correction moves again! And the market will obviously try to fake us out by driving the price up closer to the descending trendline, before going in our original intended direction (short). So what i did this time is to give the market enough room to breathe, in the form of a stop loss at 109.074 (above the highs) and...
Price has been moving in a descending channel, in a series of impulses and correction, and we can expect prices to continue to move to the downside. There is potential for short term long entries due to an inverse head and shoulders pattern, which is a reversal pattern, but first price has to break the neckline and this will give us confirmation to enter...
Ascending within bigger Ascending 3 Touch High Test Rejection Over all HTF in Expanding formation It correctively broke out of the Expanding
Another possible entry, the momentum is to the downside, i am already short this pair. I will looking for another possible entry if we get a tight 6-8Hr Tight flag correction.
Either looking for a tight flag at top of structure or any sort of descending Nature approaching the bottom structure to take this to the upside.
I am only looking for Long Set ups at the moment, unless price creates another structure. A- We have broke the Double Bottom in a Descending Nature. I will be ooking for any rejections or Retracement candles around this area. B- We may head lower, but only if price is Descending will i still be looking for a Buy setup if we get the Touch on the trend line. If...
Option A price correctively moves to the upside slightly breaking the High and then Retracing. Option B Price Rejects off the Double Top and drops. I am only looking for selling opportunities due to the HTF Structure. - P
Sell taken on Friday January 18th after a rejection at the top of daily structure. Potential Daily retrace candle providing insight into next weeks movement. Currently running one position with the anticipation of more selling opportunities back down to the start of the running channel we've seen in the higher timeframe structure. This may be the start of an...