We see patterns within patterns. The large pattern serves as the parent pattern while the patterns within it are the corrective structures which signals a huge sell off all the way to the 90% rule.
Overall descending channel. Price gave us a third touch on the supporting trendline of the pattern, moved to with an impulse to the upside and gave us a continuation pattern (correction) to signal a buy entry. In falcon, price moves in two forms: impulse & correction. We had our first impulse and correction so we're now expecting another impulse to the upside.
NAS100. What we currently seeing is a simple channel , that is now showing us that the third is still not filled yet, a great opportunity to enjoy the rally to the upside. the market is now consolidating showing us market breath after the impulsive move, Thinking in probabilities, we see that the market has some probability of giving us a double bottom, whereas we...
We have our double top at the are followed by a push down and a flag on the 1H. The flag has a 3 touch structure with a corrective nature and above all, we got our candlestick pattern. all we waiting for is to be triggered into the position. Soon as we close at a 1:1 RR we move stop to entry.
We have a third touch of weekly structure. on top of that we have mass psychology from a weekly high and we have shown a decrease in bullish pressure shown by the nature of the market. At a 1:1 RR move stop to entry.
big structure on usdzar which may take long to play out although the pair is correcting but looking at the momentum is still bullish to me.... USDZAR love these kind of patterns. Ascending and descending patterns,
this is what i see on the JONES BUSINESS BOOKS. the move can take longer or it can just GO to the lows but along the way a lot of noise can take place. keeping a tight sl is a need here just 100 is a maximum nothing more RRR
CADJPY forecast looking at this channel looking to take that double bottom there on E1 risking on 2pip stop and take it high. E2 is my second place where i will be looking to take it high again TRENDLINE KISS 3th kiss. E2 is based on E1 failing
USDJPY is giving us another clean SELL setup. It's just a matter of time and patience under price get to somewhere around 112.200 Only then will I consider take a SELL on this pair. Anything aside this will be too risky for me to take.
AUDUSD: this pair made a significant move last week as expected but retraced instead of moving up to our TP level. I think this buy setup still holds because we already see a channel form and price is now retesting a 1W major trendline.
We had a strong impulsive move on gold last week and it entered in a phase of a continuation correction and broke out impulsively . Gold currently in a correction phase for a continuation in a buy ,currently have a buy order on break of correction
EURUSD has broken the previous low in a corrective structure which is a descending wedge signaling us a buy on third touch. Price currently in descending correction to the upside. I have a buy order on the previous high of current correction which is a break of the correction.
My outlook on AUDCAD depending on price action at these levels. We'll be quite reactive and not predictive on this move. Goodluck .
Currently waiting for a break of the ascending channel to the downside, reacting to price behaviour on this course.
Market looks ready for a big pop down guys. Already in a trade myself so not trading this one. Trade at your own risk..
NZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday. This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area...
Gold looks like this on my own view, with a falling channel we always follow the golden rule ( BUY LOW SELL HIGH)
NZDCAD price has been rejected from top of structure that I’have marked in my previous analysis. Now, it seems to continue its bearish momentum until recently. Now, I want to see NZDCAD start to form a bearish continuation structure to confirm the further move to the downside. A break of any bearish continuation structure (At leash H1 TF or above) will trigger my...