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NZDJPY PRICE TRAP 1HR tfNZDJPY Price Trap - (BUY/SELL) BUY Entry: If price break and closes above alert price on the 1hr tf, enter on the break or the retest Alert: 77.770 TP1: 78.065 (29 pips) TP2: 78.521 (75 pips) TP3: 79.200 (143 pips) SL: 77.445 (33 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits SELL Entry: If price break and closes below alert price on the 1hr tf, enter on the break or the retest Alert: 76.848 TP1: 76.629 (22 pips) TP2: 76.266 (58 pips) TP3: 75.934 (91 pips) SL: 77.269 (42 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits THESE ARE N.O.T. PENDING ORDERS MUST WAIT FOR THE BREAK & CLOSE
by faithintrade
1
GBP/USD, NZD/CAD, AUD/CHF and NZD/JPY on watch for me today.GBP/USD: • If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/CAD: • If price pushes up to give us a confirmed second top, it then pushes down to give us a confirmed second bottom and then it pushes back up to give us a confirmed third top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up to give us a confirmed second top, it then pushes down to give us a confirmed second bottom and then it pushes back up to give us a confirmed third top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. AUD/CHF: • If price pushes up to give us a confirmed second top, it then pushes down to give us a confirmed second bottom and then it pushes back up to give us a confirmed third top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up to give us a confirmed second top, it then pushes down to give us a confirmed second bottom and then it pushes back up to give us a confirmed third top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/JPY: • If price pushes up to give us a confirmed second top, it then pushes down to give us a confirmed second bottom and then it pushes back up to give us a confirmed third top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up to give us a confirmed second top, it then pushes down to give us a confirmed second bottom and then it pushes back up to give us a confirmed third top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
6
GBP/JPY, GBP/USD, USD/CAD and AUD/JPY on watch for me today.GBP/JPY: • If price pushes back below our upper trend line and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/USD: • If price gives us a tight one hour flag where it currently is, or it pushes down a little further and a tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. USD/CAD: • If price gives us a tight one hour flag where it currently is, or it pushes up a little further and a tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. AUD/JPY: • If price gives us a tight one hour flag where it currently is, or it pushes down a little further and a tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
by StewySongs
4
NZD/CAD, USD/CAD, EUR/CAD and AUD/JPY on watch for me today.NZD/CAD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above other upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down impulsively from where it currently is, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. USD/CAD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes down impulsively to and ideally just below the lower trend line of our most recent piece of structure, then I'll be waiting for a convincing push back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price simply pushes up impulsively from where it currently is, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. EUR/CAD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes down impulsively to and ideally just below the lower trend line of our most recent piece of structure, then I'll be waiting for a convincing push back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price simply pushes up impulsively from where it currently is, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. AUD/JPY: • If price pushes down impulsively below our higher time frame rayline, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
by StewySongs
6
GBP/USD, GBP/JPY, NZD/JPY and GBP/CAD on watch for me today.GBP/USD: • If price impulses down below both of the upper ascending trend lines of our most recent two pieces of structure and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/JPY: • If price impulses down and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. NZD/JPY: • If price impulses down below our two most recent lows, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/CAD: • If price impulses down below our most recent lows, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
Short
by StewySongs
GBP/USD and AUD/CHF on watch for me today.GBP/USD: • If price impulses down below all of our upper ascending trend lines and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. AUD/CHF: • If price impulses down below our upper ascending trend line and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
Short
by StewySongs
3
AUD/USD, GBP/USD, NZD/JPY and USD/CAD on watch for me today.AUD/USD: • If price pushes down impulsively below the big red wick to the left, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/USD: • If price gives us a structural 1, 2, 3 approach at the end of our 1, 2, 3, within a 1, 2, 3 and the last part of the leg up which completes our structural 1, 2, 3 approach is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price simply pushes down impulsively form where it currently is, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/JPY: • If price gives us a structural 1, 2, 3 approach at the end of our 1, 2, 3, within a 1, 2, 3 and the last part of the leg up which completes our structural 1, 2, 3 approach is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price simply pushes down impulsively below the green 2:00 PM wick to the left, it does so in a convincing manner and a subsequent tight flag forms giving us a confirmed evening star formation on the four chart, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. USD/CAD: • If price pushes down to and ideally just below our lower, outer structure rayline, then regardless of how it does so I'll be waiting for a convincing push back up above it followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price only pushes down to and ideally just below the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back up above it followed by a tight one hour flag and then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
by StewySongs
AUD/USD, GBP/USD, GBP/CHF and GBP/CAD on watch for me today.AUD/USD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes up impulsively to and ideally just above other upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our upper rayline, then regardless of how price does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. GBP/USD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above other upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down below below the big wick to the left from where it currently is, it does impulsively and in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. GBP/CHF: • If price gives us a structural 1, 2, 3 approach at the upper ascending trend line of our most recent piece of structure and the last part of the move up which completes it is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price simply pushes down below the big wick to the left from where it currently is, it does so in a convincing and impulsive manner and a subsequent tight flag follows, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/CAD: • If price gives us a structural 1, 2, 3 approach at the upper ascending trend line of our most recent piece of structure and the last part of the move up which completes it is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price simply pushes down below the big wick to the left from where it currently is, it does so in a convincing and impulsive manner and a subsequent tight flag follows, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
GBP/CHF, EUR/JPY, AUD/CHF and NZD/JPY on watch for me today.GBP/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down impulsively form where it currently is, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. EUR/JPY: • If a larger flag forms with at least two clear tops and bottoms and the last part of the second or the third move up within it is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart so long as the flag is fairly flat in nature. • If a larger flag forms with at least two clear tops and bottoms and the last part of the second or the third move up within it is impulsive, then I'll be waiting for a convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. AUD/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down impulsively form where it currently is, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/JPY: • If a larger flag forms with at least two clear tops and bottoms and the last part of the second or the third move up within it is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart so long as the flag is fairly flat in nature. • If a larger flag forms with at least two clear tops and bottoms and the last part of the second or the third move up within it is impulsive, then I'll be waiting for a convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
2
AUD/USD, GBP/USD, EUR/JPY and GBP/CAD on watch for me today.AUD/USD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above other upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our upper rayline, then regardless of how price does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. GBP/USD: • If price pushes up to and ideally just above our outer structure upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below the lower ascending trend line of our most recent piece of structure followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. EUR/JPY: • If price pushes up to and ideally just above our outer structure upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down below our most recent corrective piece of price action followed by a tight one hour flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/CAD: • If price pushes up to and ideally just above our upper outer structure trend line, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes up to and ideally just above our upper higher time frame rayline, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down impulsively from where it currently is and a tight flag forms below the upper ascending trend line of our most recent piece of structure, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades.
Short
by StewySongs
AUD/USD, EUR/JPY, GBP/CHF, GBP/USD and NZD/JPY on watch today.AUD/USD: • If price only pushes up to and ideally just above our upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. EUR/JPY: • If price continues to pushes down and a tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/CHF: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down impulsively form where it currently is, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/USD: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down a little further from where it currently is, it does so impulsively and in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/JPY: • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply continues to correct where it currently is and a tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
2
GBP/JPY, NZD/JPY, EUR/JPY and GBP/CAD on watch for me today.GBP/JPY: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above other upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down impulsively form where it currently is, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. NZD/JPY: • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper trend line of our most recent piece of structure, then regardless of how it does so I'll again be waiting for a convincing push back down below it followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll again be waiting for a convincing push back down below it followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. EUR/JPY: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above the upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our lower rayline, then regardless of how it does so I'll be waiting for a convincing push back down below both it and the lower ascending trend line of our most recent corrective channel followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. GBP/CAD: • If price pushes up to and ideally just above our upper higher time frame rayline, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our lower rayline, then regardless of how it does so I'll be waiting for a convincing push back down below both it and the lower ascending trend line of our most recent corrective channel followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
2
Mr. West Daily notes Report no. 9Trending up: SYN, AESE, ACB, CAN, MICT, NNDM, CRON, RAIL, REKR, JBLU, ZNGA, JETS, HERO, UA, DENN, Trending down: CSX, AMC Consolidating: NAKD, GE, BOTZ, ROKT, NCLH, PBI, XELA, Today's notes will reflect the number of up trending stocks that are on the List. Based off this week, the list has grown in various of sectors. The Cannabis market has been growing due to speculations of marijuana being federal legalized in the U.S. ACB and CRON, which have been showing bullish signs. CAN also went due to Elon Musk purchasing 1.5 billion dollars worth of Bitcoin. CAN is a very interesting type of company and there selections of devices for mining helps many miners develop their business. Any time there is some news about Bitcoin going up or down, CAN chart patterns tend to react to Bitcoins chart patterns. The top companies on the list that have been consolidating this week are NAKD, GE, NCLH, PBI, and XELA. Many consolidating patterns tend to show signs of a chart resting or showing signs of resistance. NAKD is a prime example of a chart resting after a bullish trend. Predictions of NAKD gaining an uptrend is possible in the next few days. Out of the 25 stock items on the list, NAKD sits on 129.451M in volume. The most on the list.
NShort
by Grantw04