Happy New Week all, One of the pair on my watchlist this week us the Euro/Kiwi. From a multiple time frame perspective, on Daily TF we can see an overall bullish continuation pattern, inside thus pattern price has made an impulsive leg, followed by a correction which is more visible on the 4HTF, and 1HTF as a descending channel. This above signifies that a...
OANDA:AUDNZD in daily timeframe has a validated double Top pattern, that's more clearer on the 4HTF. While on the 1HTF, price makes an impulsive move, after which it enters the consolidation phase, Anticipating for a test of the upper trendline on 1HTF then followed by a signal to go short.
The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:GBPJPY is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:EURUSD is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
Price broke out of a descending channel impulsively that's more visible in 1HTF, but Currently on 4HTF, OANDA:EURJPY is trading in an ascending channel, I'm expecting price to test and validate the upper trendline of the channel, then a continuation flag pattern which will serve as an entry opportunity. If you found this helpful please support your fellow...
On the higher time frame, the overall structure is Bullish, narrowing down to lower time frame, we can see our price was trading in an ascending channel and moved out down to it basement. To a support level that was respected. Currently price has moved impulsive and it's in a correction phase in form of a tight flag pattern (an opportunity for a long trade)....
Compliment of the season everyone 👋, So today, my bias on OANDA:AUDJPY is bullish. From the 1HTF there's a channel like structure having it lower dynamic trendline intersecting with the support base. Price has responded to the lower trendline. I'm looking forward for price to test the support level again before going long on this Pair. If you found this...
From 4HTF OANDA:AUDJPY is showing an overall bullish bias ( Bullish flag pattern). Currently on On 1HTF we've an overall bullish bias also( Bullish flag pattern but not fully formed)Waiting for the validation of the second touch before going long on this. If you found this helpful please support your fellow trader with a like
OANDA:AUDUSD The Aussie is still trading in the ascending channel as we spotted last week, there's evolvement of the structure on the 4HTF, and currently price is approaching the upper dynamic trendline. Waiting for the test of that trendline with a continuation pattern before going short. My target is to Price @0.67300
Previously price respected the resistance zone making it first touch of the , thereby validating it. Currently GBPNZD price is moving to make it second test, we might see a corrective test as it behave in the first touch. Price will fill the wick @2.02631 . My target is to Price 2.0145. If you found this helpful, please support your fellow trader with a like.
On AUDUSD Price is currently trading within a well-defined ascending channel on 1HTF, inside a 4HTF ascending (reversal pattern) this gives an additional confluence. Waiting for price to test the upper dynamic trendline that serves as my support before going short. If you found this helpful, please support your fellow trader with a like.
Price is possessing a correction characteristics currently I'm anticipating for next impulsive leg, so I'll be considering A Risk entry type at the top of the bearish flag structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your...
Price broke out the bigger pattern but there's no progression,then price closed below followed by a tight bearish flag which signifies a continuation to the downside. I'll be considering A Risk entry type at the top of the bearish flag structure at an area of value. Share your thoughts in the comments and show your support for the idea by liking it. Thank you...
Currently on GOLD/US DOLLAR price is in it correction phase in the form of a bullish flag pattern. Anticipating for the next impulsive move which will be equalivant to the flag pole. I'll be considering A Risk entry type at the bottom of the bullish flag structure at an area of value.
After the impulsive leg, price start to consolidate printing a bearish flag continuation pattern. Anticipating for the next impulsive movement. I'll be considering A Risk entry type at the top of the bearish flag structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your...
Price is in the state of consolidation in the form of a horizontal channel. Waiting patiently for price to test the upper line with a bearish confluence. I'll be considering A Risk entry type at the top of the bearish structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share...
Price printed a bullish flag pattern which signifies a continuation of the preceeding move. My target is to the nearest area of value @ 1.2260. I'll be considering A Risk entry type at the bottom of the flag structure. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Currently price is in the corrective phase forming a bullish continuation pattern (flag) on 15min Timeframe. I'll be considering A Risk entry type at the bottom of the flag structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your...