Price finally tapped into the HTF value area and immediately retraced and closed with a heavy body H4 candle within structure.
I am now looking for a continuation short. Based on the size of the structure the continuation has to be more weighted and therefore in minimum a structured H1 bear-flag.
There is still the potential for a trap and price moving higher....
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Purple Zone: Safe Entry
Green Zone: Risk Entry
76% potential return.
Citron Research has a $100 PT.
Citigroup has a $67 PT.
Bullish MACD cross
Consolidating for the past 113 days
No need to say a lot picture shows everything here. Supply zone will make interest in short this pair, please manage your risks if you re following my idea. #riskentry
This time, we are looking forward to short on AUDUSD i may call it risk entry. First of all, we are following downtrend (trend is a friend until the end). And also we can tell its channel that bouncing between the upper trendline & lower trendline. Besides, you can confirm it by yourself that there is a fibonacci level at the this price level unfortunately i did...
in accordance with my previous forecast where i took a BE and some profit out of the short from, price is now at the 90% rule of the structure, where i am looking for price to break the low before moving in the forecasted direction long. if price is to form an element of structure leading to the third touch breaking the low to the left (the 90% rule) i will be...
1• In my last week's analysis I had told that Maruti Suzuki is moving in a triangular shaped pattern, and if it breaks it there's no stopping it.
2• As I forecasted last week was great for Maruti Suzuki locking 2.5% profit on it .
3•. For those who have missed this entry have another entry shaping up nicely for the week ahead.
4• Be patient let the market show...
Overall LONG trend on the pair that needs to be supported by a short-term sell for the rally to continue to the upside.
Market printed a 'W' formation on the Weekly and the SHORT is based on the retracement to the neckline of the structure.
Confluence is further supported by an increase in LONG contracts of Hedge funds in Canadian Dollar, strengthening CAD...
broke the daily double top then price retraced instead of heading for the outer structure, currently creating a bear flag to head lower looking for the 3rd touch of the flag before entering short. if we trickle to the 3rd touch of the flag then risk entry and if this trade commits ill be looking to hod it long term at leas t to the low of the pattern
double bottom of flag approached there structurally with a 3 touch descending channel filtered on the 15M, risk entry on corrective candles or retrace candle
3 touch expanding continuation, ascending within ascending, risk entry anticipating the next impulsive phase. if i wasn't in another trade i would set the order as it is but it is what it is. also we are approaching daily close time where the spreads are high.
UJ is once again at the same key area as the previous last 2 big short trades. Still needs a bit more development on the 1hr time frame for me to take this as a risk entry however i will be keeping a close eye on this at the start of next week.
If we fail to get a clean pattern before the drop ill look to aggressively take an entry on the first continuation that...
UJ is once again at the same key area as the previous last 2 big short trades. Still needs a bit more development on the 1hr time frame for me to take this as a risk entry however i will be keeping a close eye on this at the start of next week.
If we fail to get a clean pattern before the drop ill look to aggressively take an entry on the first continuation that...
Patterns withing patterns are some of the highest probability trades that we get.
We now have a clear mini ascending channel forming inside the larger ascending with potential for both the 3rd touch areas to line up.
Price could however form a continuation here and then drop so we will have to be patient and wait and see if price can correct up to the key areas...
Patterns withing patterns are some of the highest probability trades that we get.
We now have a clear mini ascending channel forming inside the larger ascending with potential for both the 3rd touch areas to line up.
Price could however form a continuation here and then drop so we will have to be patient and wait and see if price can correct up to the key areas...
