NZDUSD has reached a area of high value and is one of the top pairs in my watchlist for the next few days/weeks, With the current Daily structure we can see we have a clear sign of the room we have to the upside on the long term play. Going down on the LTF's like the H1 and 14m we have a clear picture of patterns just repeating themselves over and over with the...
We are at the outer Structure
Price moved down in a Descending channel
on H4 as well as on H1 giving us a
pattern within a pattern making it High Probability
3rd touch on Descending Risk entry to go Long
Possible Short on the cards for USDCHF
Price moved out of outer structure forming a Extension of a Ascending pattern and broke previous High
We got a impulse down on the Lower Timeframe,Forming a 6-8 Hour tight Continuation Bear Flag to go Short.
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High timeframe (daily) in a Expanding structure, Lower timeframe Expanding giving a pattern within a pattern, price moved down to the HTF structure in a corrective manner giving us a Long opportunity.
Risk Entry at outer structure.
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Looking at USDJPY, we came from a strong impulse formed a LTF correction ith Ascending patterns within Ascending patterns giving us a High probability setup to go short,can enter on a RE at the top of the 123 touch structure or take a RRE entry on the break of the LTF continuation
EURUSD in a Descending structure with a 123 touch approaching double bottom, Looking to go long on the rejection of the double bottom Probability that price can move to the HTF structure for RE to go long
be patience.
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Hy guys & girls! looking at EURAUD we are in a Expanding witin a Expanding, price is moving down correctivley to our LTF structure with a descending pattern giving us a possible Long opportunity to head up once again to complete bigger structure.
Will look to enter on a break f the LTF structure or at HTF structure RE
