Looking forward to bullish move of the pair, following retracement. Consider Risk management.
An inverse Head and Shoulder was evident. It's failed. Now, a double top forms, breaking out the channel. I will find better entry, and short to support.
Comdols have been bulllish recently, forming this 'correction' I look forward to a SHORT, ...one that may look like false breakout of it's nearest global support. If channel is broken down, I will look for good entry for better RR. Best wishes.
Price is forming a wedge on HTF So I expect TP2 to be hit.
Trading within a range that looks like bullish flag. I expect a range bounce SHORT to support level.
Looking forward to this, and perhaps a better entry ...for a good RR SHORT to midline of channel. I MAY consider long entry once TP is hit.
Simple trendline breakout and possible retest. Don't complicate it. Enjoy.
This TF shows Inverse Head and Shoulder LTF shows Double Bottom, and HTF shows a Cup... with a smiley face on the handle Have trading forex made you smile this week? Hehe... it's hot, handle with care. Anyways, when cup fills, it should spill. Afterwards, check for steam ...then take a LONG sip,, from edge
Conservatively,, If the rising trendline is broken. And 'retest' is seen If price hits 2.022 (of course, before the triple top is invalidated). Then, I expect price to short to around 1.97... For a 3x RR, and extra to cover for broker fees, and Netflix.
Let's form a Double Bottom. If adequate enough, a smart money entry (Bullish). Anyways, back to the present... This funny flag has corrected to the neckline of the M pattern above. To reinstate the broken support as resistance. A clean Smart money bearish entry. IMO, the continuation of local bearish move had started. In fact, if price should be generous enough...
High risk trade, as I haven't see adequate bearish exhaustion. But the patterns fit twice. Anyways, it's about 10x RR, In fact, about 20x if TP2 is reach... So why not All the best.
Price descended to 80.3 support area with bullish divergence. This descent can be captured in a descending channel, But the descending channel has been broken long(up), recently ...followed by formation of cup and handle, or perhaps inverse H & S. These are confluence of bullish indicators, nevertheless, I'll wait for my entry signal.
Price ascent is captured within an acute channel. Looking forward to break of channel
Bullish accumulation in a triangle. Looking forward for bullish reversal patterns for LONG entry.
I published this idea few days ago, and dared a bullish move. Why? Price is scoring well on the bullish checklist. Unlike before, now it's at the trendline, and horizontal support, which is still a good sign. I look forward to a bullish wave. ps. pink lines are minor take profits level turquoise horizontal bar are major take profit level.
Price is bouncing off a support, after a bearish impulse. I expect retracement to at about 50% Fibonacci level, which confluence with that historical level.
I expect price to descend about the descending channel. To form a Support Zone, and afterwards go LONG.