Essentially just looking for more development and this is how I roughly think the market is going to develop
Waiting for more correction to the upside. Pay attention to the 50 and 618 retracement for shorting opportunity
Looking for a deeper pullback. Red area is a good place to look for a short opportunity.
Market is due for a deeper pullback. hopefully the 3 waves retracement works out the way I forecast it. After the retracement the market then can continue higher.
Retracement are causing a false breakout. Check the chart for the analysis.
Price is still in Correction pattern and I'll be monitoring the resistance for potential entry on the breakout
1st target expose after the ascending channel breakout and 2nd target expose after wedge pattern breakout. Either scale in or TP on 1st target.
I'm using line chart for this one because this is a noisy pair. Price currently retesting the bottom part of the pattern. Look for a sell setup on that retest or on the Entry breakout/retest. Scale in or TP on 1st target
Enter on entry breakout/retest. 2nd target expose after breakout of the ascending channel pattern
If the price go towards entry correctively, look for a sell setup within the entry range. This is basically a retest. If it breaks out of entry, buy on a retest. 2nd bull target expose on flag pattern breakout.
Enter on an 'Entry' breakout or on a retest. It should act as a support. 2nd target expose only after it breakout of the pattern.
monthly line chart showing that the major trendline has been broken. there is still 2 weeks left before this month close. If it's closed below this line then the 1st and 2nd target will be exposed.
thinking that the price will go down to 1st target. which mean that it will break the the expanding wedge pattern that are going to expose that 2nd target