In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.
We can see that the dollar is weak. This is exactly what is happening on USDCAD. It took us out, giving me a better point of view
The market will always grant you another opportunity to enter a trade You might have missed.
Will keep you updated as price continues to correct.
Most of the XXXUSD pairs will be dropping soon to continue the bearish move.
Am still waiting for price to push up one more time and complete the current pattern formation. After that I will enter short without any hesitation. All the best.
Take profit around 131.000, looks more like a long term sell trade
Everything seems very much capable of playing out the way am seeing it. Am currently waiting for a sell set up confirmation.
This should be the major move for the next few weeks/month. All possible rejection criteria are met according to my trading style and i will not back down until i see some form of violation to my set up. Lets trade safe and keep winning. All the best. Thank you.
Going for the 3rd touch to complete the Bear Flag pattern
Lets see if this pattern will be respected or violated or maybe expand into a much bigger and different pattern. All depends on what the market does for us to be able to profit.
Ill start with NAS100, well lemme say that NAS100 is still bullish but right now is in a corrective phase. Once it breaks out of the structure we can look for pull backs and enter trades to capture the impulsive move to the upside. I hope the Idea is clear enough for you to see what i am trying to say. For this week, I will be shorting Nas100 before buying it...
Update on EJ, loos like the bulls had lost their power to continue the move up. Lets see how well the SELL entries present themselves.
I see a whole new bearish impulsive move that is about to kick in. Looking at this I know some people are wondering why i wanna short bitcoin?. I took me time to dig deeper into some news and possible events that will cause a drop on bitcoin. But i will not explain all of that, all we have to do now is to wait for a retest with a bearish continuation pattern to...
Again, for every action theres always a reaction. After the break of the structure, market must retest. So lets dive in and see if we can get a clear reversal pattern at the resistance zone that will lead us to the retest zone. Maybe next week we will get that structure and then Sell for a short term like what we are doing with AUDUSD. Feel free to like and...