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Impulsecorrectioncontinuation

USDJPY - TWO opportunities - correction then longUSDJPY On the weekly timeframe market has rejected support and formed a new higher high breaking the bearish strucure, on the daily market has made a new HH forming this inverted head and shoulders and made a impulse to the the upside breaking the daily downtrend. After a impulse you can expect to see a correction, also on the daily TF we have this W formation in which we expect the market to complete this pattern at the neckline, we could look for a intraday short to catch the corrective move if all entry rules are met on a the lower timeframes, then look to capitalise on a big swing move to the upside to form a new higher high from a daily perspective. (All of rules have to be met first before we can take any position based on this analysis)
Long
by BullmarketFX
USDJPY intraday short.USDJPY has formed this nice W formation on the daily timeframe we expect a retracement and the pattern to complete at the neckline, also we have a nice bullish impulse on the daily after a impulse you expect to see a correction before the market making a continuation to the upside giving us more confluence for a nice short term SELL position, we will be waiting on the 1hr TF for market to form new bearish structure then we can be looking for one of our valid entries
Short
by BullmarketFX
EURCHF short swing setup.On the weekly timeframe market has rejected the upper boundary of an ascending channel with a bearish engulfing candle.On the daily market has broke below daily support with a strong bearish impulse which has been followed by a nice correction, now we are expecting to see a continuation to the downside and market to form a new lower low from a daily perspective. At the moment on the 4hr timeframe market is still bullish during the correction, we are waiting for new bearish structure to form and a break of this counter trendline, if all of our other rules are met we will be looking for one of our valid entries to short.
Short
by BullmarketFX
CADJPY 81.348 + 2.82 % SHORT IDEA * PRICE ACTION & CORRECTIONHEY EVERYONE At it once more here's one on the CANADIAN DOLLAR / YEN the pair just spiked with the bulls now showing signs of slowing down in momentum as the pair approaches resistance level 81.554, waiting to watch price on this one as I've set a trigger zone where i'll be watching price before looking for that correction to the down side it possible the pair may not hit this trigger zone but strategies are in place if this happens as always for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
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