What do you think about the EU heading south according to the trend and your own analysis.
Don't really have a solid explanation of this setup. You know those ICT concepts that always looks slick on youtube. I am trying one their concepts. If it works out we gain a few pips and if not we lose very few pips indeed.
We are looking for an optimistic sell on GJ based on a double top that has been long coming. This is definitely not an order by the way. If we see a reversal pattern of any kind that is when can hopefully confirm our sell order. For now let us observe and see what the market has for us.
Normally i would be gravitated towards the higher probability setup of HHLL that is about to form and will reverse up there but as we can see there is a trend breakout and now price seems to be retesting. So what do you think.
On the bigger picture we have a double top formation that just retested and could possibly indicate a confirmation. We also have a bearish flag that could push the price down. Sell stop on the lookout
UJ has been on a steady downtrend we haven't reached any significant zone but it has given us triple bottom whom one might call a triangle. So it could go both ways even though i still would like it to go down some more but we all know we react to the market and not our feelings and thoughts.
Our opportunity for a buy comes from 2 scenarios. We have an inverse head and shoulders that looks to be forming. Also on a high time frame we recently broke a mini Resistance and this is the only notable retest of breaking that resistance. Resistance might become support. And lets not forget we have CPI release in 40 minutes So we forecast a weak dollar but as we...
This pair is on the lookout because of trendline that was broken. We have been waiting for a confirmation or a setup that gives us a Sell signal. At the moment no concrete pattern has occurred but we are being optimistic by expecting a sell because of CPI. We forecast our CPI to be negative. We are hoping for a spike that triggers the order and then shoots down....
There has been a trend reversal that has already occurred and has been exploited. However price seems to try to recover from the massive downwards movement that has occurred. How we believe the price is still going to go down, we tend to believe the trend is your friend. And we justify our order by a pattern of Double top that has occurred. Sell stop GBPJPY.
There was an uptrend that was occurring but the sellers gained momentum and eventually broke the support of the uptrend. The buyers the forced a retest. Now we wait to see if the retest will be respected.
We are at the peak of a consolidation phase and we don't believe there is enough upside momentum to break the resistance
We forecast a long trade for this pair because of the HHLL set up.
There is a possibility of the trend to reverse based on the trend analysis and the patterns formed.
Sell confirmed because of three things. The triangle has been broken , and price has retested. Price then entered into a state of consolidation and then we broke the resistance of consolidation. The price just retested after breaking and it might be heading down.
My swing traders are we anticipating this move?? We are obviously on a down trend but we are heading to a very crucial support zone that could potentially give us a double bottom, trend reversal and a sniper entry.
Food for thought. Normally i never use harmonic patterns but that looked very convenient and i thought why not. Any thoughts on this pair.
Possibility of an inverse head and shoulders. Place your pending orders and follow risk management. if it ever triggers and goes into profit, please trail the order.
Based on H&S chart formation and price auction. Price has broken and retested the neckline. ON a higher timeframe price has indicated or confirmed a down trend momentum.