AUDNZD FORCAST the price is currently in a continuation phase in a umber zone, it has spend many hours in that zone and it is now creating reversal patterns.
we have a expanding structure, i am expecting to form a double top reject than in the next continuation i will start to look for opportunities.
Falcontradingguidance
Potential SELL on AUDCAD As we have seen on the 1D chart, we have formed a double top pattern followed by a nice impulsive move down and a tight flag on the intraday timeframe. As soon as we get to RR 1:1 we will move stops to break even. we hope it will reach our 90% rule but if not we will lock in profit accordingly with management. (SELL STOPS SET)
Bitcoin short term buy setup (falcon)BTC obviously on a downtrend as shown by the descending channel. We've had a minimum of two(2) touches from the highs and the lows respectively. Price looks good for a buy as it approaches the highs for a touch one more time to complete the falcon pattern(three touches) before selling off as three touches have the highest probability.
XAUUSD Stop hunt filter setupGold approaches a vital point where the hedge funds tend to get retail the traders on the wrong side of the market by breaking the highs or lows (high in this case) and then move price back into the structure to complete their agenda. In falcon strategy, we have a way to filter such scenerios. A high or a low is consider broken only if a correction comes above or below as the case may be, however, we wait for price to move back into the structure, give us a clear correction to signal a continuation then we enter the trader as shown on the two diagrams.
EURJPY Long setup (Falcon strategy)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.
USDZAR Bearish outlookUSDZAR has been moving to the upside in a corrective manner and finally reached our 60% fibonnacci level. USDZAR has been correcting to the upside with a rising channel and our second touch we go a double top which is an overide of the third touch we were expecting.
Entry; wait for an impulsive push outside lower timeframe ascending wedge and look for a continuation correction on lower timeframes to enter sells
US30 SELL SETUPUS30. Technically we looking at the three touches on our major trendline. lets break down our analysis, Weekly chart we got our candle stick confirmation doji, whereas it occurred at our major trendline moving to daily, we see the selling momentum and we clearly see how the inner channel got broken. the price is facing down more pressure is coming. 4H get clear corrections to the down side. Technically am looking for price to complete my double bottom pattern.
NZDCAD BULLISH MOMENMTUMAs we can see we have finally broken the neckline of the internal double-bottom gunning for the overall descending-channel. although we haven't broken above mass psychology, the neckline break is a early sign of bullish momentum and calls for an entry on the larger flag. BUY STOP has been set and an entry is waiting. At 1:1RR move stop to entry.