I feel as though PA is giving us a curve ball and i have my eyes set on a daily push to the south I am just waiting for price to come back in to my supply zone.
This is for the current price and I believe that it go for the upside starting next week.there's two previous candle that rejected @ 132.500 QP and the last candle here is starting to do the same thing. plus its around my kill zine so its safe to say that this is a good buy entry.
Here I have a nice set up for a consolidated range, to be projected of a 180 pip drop or rise. for a trade like this I will set a buy & Sell stop so I can ensure the trade is mine
This trade was simple to mark up, but still nerve wrecking at the same time. I spotted the double top and tool an entry at the neck line with a 3.00 lot.
Here I have a not so perfect double bottom formed, double bottom basically mean that there is a bullish move coming and you should pay attention to it.so I mapped out the pip distance from the bottom of the pattern to the neckline and that was my judgement on where my entry and exit would be.
Well here we have a bullish rectangle, once the market starts to consolidate into this pattern you should aspect that a bullish move is about to happen but I always keep an opposite trade in place just in case something weird happens.
On this hart I marked out a sloppy double top but the concept is the same as every other pattern, ill take an entry at the neckline and ride it down to the same height as the distance between the top to the neckline.
Here you can see that I drew a rising wedge to track down the bearish move, I marked up how many pips was the last range and estimated how many pips I wanted from that trade. the market at this time was moving incredibly slow and missed the full range by 8 pips but that is ok because I wouldn't want to be that greedy and secure the full 192 pips that was predicted.
