On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get...
Similar to the idea I posted on the AUDCAD 240. This also looks set to be going short. So two AUD shorts for us next week hopefully.
The trend on this one is shorter lived but could still be a great opportunity to get short. Again I'll be looking for price to pull in to my area of interest and give me a reason to go short.
Entry - Some sort of reversal candle...
We could be looking at a short play early next week on the AUDCAD 240. Still a way off reaching my target area yet, but always good to chart these up and plan for your week ahead.
We've had a few structure lows and are now waiting for a pull back to my area of interest. I'll be looking for reasons to go short in this area with two possibly targets in mind.
Here is a nice Trend Continuation Trade on GBPJPY. Made a deep retracement right back into the previous structure level which is holding. Great opportunity to enter a low risk short position with the overall bearish trend. Target would be a retest of previous lows and could use an advanced target to shoot for a 127.2 extension
Been watching this Potential Bat pattern for a while now. Recently we have had a break of structure to the upside indicated by the break of the first green box, and we are now retracing back down into it. I would now be expecting the market to again make a NSH into the bat completion zone, before rolling over for some profits. If we get up there that is...