So we`ve been trapped in a bearish channel. And currently on a support level and price has approached that level in a descending channel with a 3 touch confirmation creating a potential double bottom.
so we've been in a third dip on nasdaq. it has been moving down in a descending type of channel and currently it has created a double bottom bellow structure before breaking structure. we might be in the early stages of an uptrend. this is a once opportunity trade that might change our lives forever if it goes accordingly. wish you all the best traders
SO UJ has been moving in a rising type of channel and presented a double top before breaking out of the rising channel. not forgetting that it also broke structure and now it is correcting towards the upside forming a retest before the impulsive move to the downside
GA has been moving in a ascending channel on a higher timeframe (daily). and when dropping down to the 4H chart. GA is creating another ascending channel approaching the the previous higher timeframe high creating a double top. note that it can still move up a bit and complete a 3rd touch on the higher timeframe before moving to the downside key is to remain responsive.
nzdjpy has been moving in a descending channel on the daily timeframe. and scaling down to the 4H we can see a bearish flag forming above the daily structure
so EU has been moving in a descending type of channel on a high timeframe and is showing another descending type of channel on the lower timeframe creating a double bottom. now EU has broken out of the descending channel impulsively. now waiting for EU to create a correction and present a entry opportunity.
GU Has been moving in a nice ascending channel until it has reached the resistance trendline on the higher timeframe ( daily). Now it has broken out of the ascending channel and its retesting in a corrective manner presenting a beautiful bearish flag , thus GU might be taking a turn to the downside
NZDUSD has been trapped in a descending type of channel. we currently on the third touch of the channel and we can see that price is approaching the third touch in a corrective manner showing a smaller descending channel inside the larger descending channel adding more confluence to our buy bias
UJ has presented a clear head and shoulders pattern on top of the structure. the right shoulder is completed correctively showing a bearish flag type of nature when viewed from the head.
GU presented a 3rd touch on bottom trendline (support) and at the same time is still showing a descending channel in confluence with the 3rd touch