usdjpy currently still giving sign of incoming bearish movement . we already have the big ascending channel followed by a breakout which turned into a reversal pattern . now with a bearish flag to confirm and continue the bearish movement .
right at the end of the parallel channel market is seen to be breaking out of a small consolidation inside the parallel channel and i would wait for a clear continuation and a reduced risk entry at the breakout of the higher time frame descending channel which has a much higher chance of profit because even though it broke out of the consolidation reversal...
Bullish reversal at the third touch of the trendline and dxy seeming to also for a bearish reversal . either way , would love to see a clear break out with a continuation pattern m
looking for a buy signal if bull flag becomes valid Looking like head and shulder type of structure . right side , large ascending channel but if you take a look inside the structure a bullish flag is coming in . hopefully it valid then i will be looking to scale in .
BEARISH STRUCTURE ON THE WEEKLY TF 123 TOUCH ON WEEKLY TRENDLY
BREAK OUT OF ASCENDING CHANNEL FOLLOWED BY A BERISH CONTINUATION PATTERN , LOOKING TO GO SHORT.
break of descending channel , personally looking forward to see it go up .
abc pattern struture .. looking forward to seeing it push up
Either the market goes up for to the zone area and rejects for a sell or market breaks the ascending channel with a confirmation to sell. remove the fear of missing out on trades .and pick your entries with good confirmations
i was able to leverage on the break if structure from the 15mins tf closing out on 40pips to the beginning of the main structure.... current market on neutral and would be best to stay out an want for a nice structure to form but i personally would love to see it drop. but we cant force the market