This is a large correction in HTF after a bearish impulse , currently at the top of the correction , and even though the rising wedges did not breakout but i have confirmation a triple top at LTF when it touches the top of the correction 3 attempt and not breakout so i make a riskier a trade as this trade attracts me with better risk to reward ratio.
Continous bearish impulsive and currently formed a structure in LTF suppose to be a downside but reverse go up which gives me potential expectation as forming a correction structure and i sees that which did not breakthrough the previous high which gives me confident to expect this is a double top which also signals that the bearish impulsive take over back and...
should have a bullish correction and continues to the upside but the price went down and forming a structure , expecting to go back up as a reversal or can be an alternative way which is break below the correction and become a bearish continuation structure.
i expecting to reach to the previous low as the correction structure break out and have waited the correction finished to take an entry. Previously an bullish reversal happen and come to correction structure which expected to a bullish continuation impulsive but which did not happen and manage to drop which provides me confident that this would be bearish reversal.
from previous analysis , i expecting to be bullish reversal as my first option and second option as a continuation to the downside of previous low. Since already break out the correction structure , i expecting a drop back to the previous low and to see it will become support and bounce back for a long entry.
Since last time expected a further upside was not happen but it can say as it goes to deeper price to form a more solid reversal buy structure as the current price are daily support area and used to happen a double bottom and then reversal to the upside and form a double top go back to the downside. Right now is forming a LTF double bottom which gives me more...
Currently also expecting a head and shoulder reversal to be completed to provide an entry for a short position. while USDJPY i have 3 targeted area to achieve to hit my ultimate tp. I will continue to monitor the price actions to adjust accordingly based on the market confluence. Now expecting to provide another entry for USDJPY from an head and shoulder pattern...
first trade ongoing to first target. Currently at 15 minute chart the LTF shows the potential forming head and shoulder and expecting to provide a breakout entry to another trade , moves together to the downside of expecting first target and see how the price going at the first target around to determine trailing stop loss and potential EURJPY sell opportunity or...
Since most of yen pairs tend to move together , CHFJPY expecting to break through this LTF structure to reach the bearish level of the HTF structure , and expecting to break the HTF structure as well to have a further continuation to the downside.
as in the HTF bearish continuation structure the , bullish impulse failed to continue to the upside and shows a reversal structure on , this provide an bearish entry to the downside of the structure , also expecting break out the structure to have a further downside on bearish expectation
the first outncome is expecting to continue to downside from current trendline area to continuate the bearish structure in this bearish continuation pattern to further to the downside of the structure and breakthrough. The second outincome is expecting to be reversal of turning into bullish impulsive as after the breakout. The third expectation is breakout and...
Reenter another trade for EURJPY , as the previous stop loss too near it trigger and continues to go back down which belies that level act as a resistance level so reenter with new trade which set SL higher to provide another space to float to avoid any easy triggers SL
after the breakthrough it shows a double bottom in LTF after breaking the trendline shows that there will be newest lows to continuate to upside after a impulsive phase now it is going into a larger continuation correction.
Currently is a risk-free trade, expecting now form a continuation correction structure to provide another entry to enter with medium risk medium reward trade , first target level at previous first swings high on bearish rising wedges , second target at a slightly higher swings highs.
There are 3 double top formed and , the 3 double top are getting lower and lower ,now possible forming a head & shoulder. Expecting to further drop to the previous swings low on the beginning of HTF bearish reversal structure
Expect to form a complete double bottom as to wait to stand above the previous LTF double bottom and potential wait to start implusive directly as fail to continued push to downside even after NFP weak USD results.
