ANALYSIS IS SIMPLE AND ON CHART
Going to wait for price to hit that double bottom area. Going to see if we either create a double bottom or corrective descending channel at that level for a long entry
Analysis on the chart. Looking at this higher time frame level of value. Approaching a Double top, looking for price action to give an entry short.
Analysis on the Chart... Nice and Simple
-We had a double top pattern that expectedly created an impulse move -After that impulse move, we expectedly got a correction in the form of an ascending channel Look at a short entry because based off pattern, On the daily chart we had a massive impulse move to the downside, however we havent created a pattern to imply that this pair is going to be ready for a...
Price reacted impulsively at higher time frame structure. I had forecasted another correction (Which we got in the form of bear flag pattern) We also have a lot of room to potentially move to the downside.
Looking like a bullish flag within a descending channel. Has potential for a nice breakout play to the upside!!!
Bullish Flag Pattern Developed Nicely after a bounce of a double bottom
LOOKING NICE FOR A SHORT
BEAR FLAG AT THE TOP OF ASCENDING CHANNEL ON HIGHER TIME FRAME STRUCTURE. LOOKING FOR A POTENTIAL SELL!
Looking at NZDJPY I have had a short bias at these levels because Im waiting for the push down to the bottom of the descending channel to see massive pushes to the upside. Right now we have a very clear V-Shaped double top pattern that this Specific pair has repeated over and over and oveer and over again which then leads to massive sell off. I have placed the...
ANALYSIS IS ON THE CHART