WE HAVE GOT A BREAK OF THE NECK LINE OF THE DOUBLE TOP WE ARE LOOKING FOR A SHORT TRADE AFTER A RETRACEMENT
LOOKING FOR A SHORT TERM DAY TRADE TO THE PREVIOUS SUPPORT AFTER A SHORT CORRECTION UP
WE ARE LOOKING TO GO SHORT ON THIS PAIR FOR A TREND CONTINUATION DOWN.
ananlysis is written on the chart feedback would be great thankyou.
I WILL BE LOOKING FOR A PULLBACK TO RETEST BAROKEN SUPPORT AS RESISTANCE AND THEN I WILL BE LOOKING ON THE 15 MINUTE CHART TO LOOK FOR SELLING PATTERNS AND OTHER CONFLUENCES.
GBP CHF HAS MADE A IMPULSIVE MOVE TO THE UPSIDE. IF THE PAIR RETRACES TO STRUCTURE AND GIVES A VALID REVERSAL PATTERN I WILL TAKE THE BUY TRADE
THIS PAIR HAS BROKEN OUT OF THEWEDGE CONSOADATION TO THE DOWN SIDE . IF WE CAN GET A MINIMUM 61.8 PERCENT RETRACEMENT ON THE 4 HOUR CHART WHER THERE IS BROKEN SUPPPORT THAT WILL BE A GREAT PLACE TO GO SHORT IF WE CAN GET SOME REVERSAL PATTERNS ON THE 15 MINUTE CHART.
looking for an impulsive move down after the retracement
looking to short this pair at the 61.8 retracement of the 1 hour chart impulsive move Target is the -61.8 extension
This pair has made an impulsive move to the down side we are waiting for a retracement to go short. Profit target is the -27.0 of the impulsive move on the 15 min chart
After conceladation it looks like this pair is ready for a down wards move risk to reward is very good looking to enter at a retest of the broken counter trendlineand structure.
we are looking for a buy entry at structure area plus the 50 percent area of the 4 hour impulsive move. weekly pivot is acting as support and structure . we can target a 1 to 3 risk to reward . entry is a test of structure just below price we have also got a trendline which could add confluence aswell.