Selling this pair into the 1.618 retracement. Front running my tp to make sure its filled.
Ascending wedge pattern that ended in a symetrical triangle. The ascending wedge typically breaks out to the downside. Im using 1.618 fibonacci level to target the 104.607. I put my second target at 50% of the first one. I will be sliding stops at 25% of each trade.
Here is a descending triangle pattern. I am expecting the market to breakout to the downside. I would enter this trade after 2 candles of closed below the lower level of support. Both trades are to be entered simultaneously with low volume.
If the market breaks out at the top of the flag enter long . If the market bounces on the bottom level of the flag enter long. Low Volume. TP is set at same amount of pips as the initial bullish move Invalid here indicates the point where I would no longer consider this a flag pattern..
I think the market will rollover to the downside.