Hello everyone! In the coming week I am looking at GbpUsd short Here are my thought processes: 1. Potential HTF double tops 2. The price moves correctively is wedge-like structure into the level 3. Wait for a LTF reversal pattern like: double tops, ascending channel, rising wedge, etc. before entry.
Hello Everyone! This is my update on Dxy I used the path tool to indicate the potential movement of the price before the Long Bias. Let's watch how the market moves during the NFP release in the next few hours. Note: This is not signal, rather my thought process on how the price could move. Stay safe!
I will be looking for EURUSD Short for the following reasons: 1. Potential Double top 2. Ascending Channel (Reversal structure) to complete the third touch. 3. Will wait for the price to do either of these: break and close back in into the structure and form a LTF reversal pattern at the level. 1st Target: 1.09610 2nd Target: 1.07131 Comment: I will...
I will be looking for EURUSD Short for the following reasons: 1. Potential Double top 2. Ascending Channel (Reversal structure) to complete the third touch. 3. Will wait for the price to do either of these: break and close back in into the structure and form a LTF reversal pattern at the level. 1st Target: 1.09610 2nd Target: 1.07131
EurCad sell Forecast for the coming week. Reasons for the Sell Bias: 1. HTF double (price has strongly rejected) 2. Strong LTF structure shift 3. If the price retraces to the value marked with a box, would wait for bearish candle to form before opening a sell position. Target: 1.46 level.
In the coming few weeks, would be looking for a Dollar Index short term buy to potentially complete the larger sell structure.(In this case an Expanding Structure). The reason for this is as follows: 1. the price is approaching a HTF demand area. 2. on the LTF, the price is correctively moving within a descending channel(bullish reversal structure) 3. potential...