Looking for further progression before we look to enter, but in HVA and could produce an entry today. If any entries are taken I will publish any setup. have a good day guys! - Also broke down a trade taken on CAD/JPY which I did not share due to it being a more low-end valid set up than high probability, but either or the breakdown is helpful to understand the...
Great patterns forming and am happy with the overall structures. Have taken a loss this morning rushing into markets slightly but added to 1% tweaks as i can clearly identify what went wrong. Enjoy the breakdown guys!
Initial third touch on structure, wicked back down and I entered on that basis, especially on the 15m it confirmed more the move. We moved up a little more before we had the drop but in this for a risk-free position and happy with the trade.
This pair was previously forecasted in an expanding formation, we have just had an extension of that form and are now looking at a descending channel with a probable set up of a reversal at the DT area or third touch.