Price has dropped a few times but stil buying pressure back to double tops
Price has been moving correctively, so a clear break of trend line on lower time frame with bearish pattern will confirm sells.
we really need to break the 4hr ema and retest this to take it all the way back down which we have failed to do so far, could now be the time!
If we get the...
Price has been in a correction channel for quite some time and has now reached the top of the channel and aligns well with the double top Zone
Waiting for a clear bearish correction/ push down to take this back down to the bottom of the correction
Broke out of higher time frame and created a bear correction, but found support at double bottom and failed to break further.
As we approached double top, price has droped, we are now waiting for a break of the smaller trend like for confirmation for sell,
preferably a retest after the break for a better R:R to first target, and then second
we originally broke out but failed to break a new high hence a new channel was formed.
Can we get a clear bull flag back to the key area, if so I will be entering on the break of lower time frame of the flag
Price had originally broke out of trend line, and has retested zone several times.
A break of bullish flag will indicate buys as we are anticipating strength for DXY
We need to be careful at the double tops, but can ride this to the top once broken
This has been a messy one, but can see the fake out, price has moved back into structure respecting the 61% fib several times
can we push higher, and aim for the top of the channel for the third touch and get out,
we will then reassess if price action gives us the sign we will ride back down as sells but being careful of the double tops near the outer channel.
We are currently in a bullish wedge.
Price missed the bottom of the channel but you can see it has broken back into structure with a nice correction which also seems to be respecting the 61% fib, and also shows an inverse hns.
Potential to ride back to the top, given price keeps creating higher highs.
Price has reached double tops highlighted in blue.
I want to see how price reacts here, do we starting moving down, if so will wait for a correction and enter on lower time frame
Better set up would be the third touch of the channel, if we get there, how does it move, if price is slowing down and moving correctively you could enter at the top alternatively wait...
This has been slightly annoying as price keeps creeping up
As you can see price is moving very correctively now to the DT highlighted in blue, it could go now or higher probability at the top.
Can enter once trend line is broken or from the top once it moves back into structure with bearish price action
Price has broke out of descending trend line,
Once broken above structure highlighted, check fib levels and enter on break of correction,
Alternatively it may reach double bottom, (blue line) before breaking up, either way we need that higher high above zone and retest before entry.
We have broken out of the trend line, and price has moved impulsively breaking a strong area of support.
I am now waiting for a correction, back up to the fib levels, and aligns with 4hr ema as resistance.
Enter on break of correction on smaller time frame.
DXY is also bullish, so plenty of confluences, except the fact I hate mondays, price seems to go crazy...
Price Broke out of dynamic trend line, and has now formed a correction towards 50/61% fib,
Break of this indicates a sell, you can also see this is the right shoulder being completed
Price struggling expect a drop and SL above high to be conservative.
Price has bounced off the ascending trendline (daily chart to see this)
It has also broke out of the bearish trend line, creating a new higher high, I am now waiting for price to correct itself towards the zone, this lines perfect with 50/61 fib, enter on break of correction on smaller trend frame.
Will also see how dxy reacts
We have profited from todays buy and potential now to ride this back down.
Why? previous impulse followed by now a completed bearish smaller channel, aligns with 50% fib, and retest of zone, we also are near the 4hr ema, plenty of confluences.
the run has been a strong bullish, either enter at top with tight Sl, or wait for bear rejections and enter on smaller...