Expanding with 2 bottom touches>> I would like to see 3rd touch before continuation UP (possible option) SO we have smaller pattern (ascending) within this bigger pattern (expanding) which would be nice to try to SHORT , but i would wait 3rd touch on uppper expanding TL before going down .... OR you can sell on break of ascending. Try to Use 15 min chart for...
Sell oportunity for upcoming week Price reversed into down trend somwhere on 14 Feb , from that moment it keeps falling down , question is do we still have room to go down to previous double bottom before we hit up... For shorter term SELL we dont need that big move because we forming correction into this descending channel and might have nice SELL Position opened...
This one still have potential to go lower... Maybe retest on major TL (correction) for aobut 6hours at least and then break down through that line. Or break impulsively and correct for some hours then drop again .... This will be on my list upcoming week for sure.
as price moving out from assending channel it made 2 day correction which is broken this morning.... Nice thing here is that price try to go back into correction but just retest lower line and got rejected and continues down.... That rejection was best entry as we closed on 15 with rejection candle.... I dont know about entering now because its bad timing for...
Assending channel with almost 3 days of correction... If this broke down because we are in reversal pattern it should be very nice R:R cath oportunity On the other hand this is just second correction in this assending so it can continue to go higher to main TL, so there will be you next sell oportunity if this one dosent play out.
As you can see we have classic Forex pattern combo move... "Impulse - correction - Impulse - correction " (patterns withing the pattern) I would not go long on next Impulse because we are getting close to doubble top and because we are in assending channel which is reversal pattern.... So we have two options here , One is to break down soon on this 3rd touch or...
This is still up trend but short term "sell" trade could be very nice definitely ! As we approached upper line of assending channel we hit doubble top at 15 min.... or even at 1h you can see it ....Then we reversed into smaller trend > > > down trend. So we had impulse and now we are in correction... Nobody knows how long this correction or bear-flag is gonna...
We are in Down trend from start of March. (pattern within larger pattern) But we close to daily line of major assending channel , be careful, it might broke down on 3rd touch (because its reversal MAIN pattern) But lowering down to 4h/1h you follow up with desedning channel and try to go long on break of that (short term) Big Potential is on break of main...
Long oportunity finally We crush throu reversal pattern (dessednding channel) maybe its fallse breakout but anyways its nice possition to be in ....
This is Daily chart , so if you wait for whole thing to repeat (2016) you must be patient..... I dont have any bias on this one yet... But i prepairing for SELL only in week or two.... ( if we reapeat and break assending channell) We see patterns like this and all other patterns repeating all the time , so be smart and do not rush into this one before it give...
Sell after break of assending that should be nice sing of price going down.... RSI Is OB Check 15min chart for better entry
stalking this pair a today we are close to daily TL and do not rush into BUY if it breaks... it could be false breakout because we forming reverse-pattern on 1h im neutral at the moment...buy watching this one for potentional SELL entry..
doubble top followed by assending channel (reverse pattern) lets see can we got conf to enter sell
Lets wait for rising wedge to be broken and uper line to be retested to go short... make it simple.... and do not rush ...
this is just exasuting for usd to crush through and catch new highs.... we see it retested 5times on same price... lets wait this already bearish move candle to close and see if we can enter SELL
Lets see in next 30 min can we get reversal candle like engulfing or something to sell agressive (candle at the moment) OR you can wait for break of assending channel (reversal channel) then to go sell... that would be little better reason to enter this trade.... depends on your strategy..... either way you could aim for 1:5 RR (with scale-ins) which is pretty...
can we hit that 6% with scale-ins lets see make it simple in ur trading
can we get one more impulse up before we fall down of this major assending chhannel... we should see next week... -be prepared-