mwerango

mwerango

looks like most of the jpy pairs are well primed for the sells. i'm going down tot he 5 mins chart to look for the break out of the LTF structure for the sells

mwerango

at the double top, the price dropped in impulse and the consolidated, waiting for the breakout of correction for further sells

mwerango

it may take a while, but the structure within structure is looking great for the sells. higher time frame created an impulse sell followed by the current correction

mwerango

formed a double bottom with a descending channel, long are looking highly probable. looking to hold for long

mwerango

looking for buys out of the wedge structure. it just touched the lower trend line and moved away from it, so now the next corrective structure formed will initiate the long rally

mwerango

this is a text book entry structure for further sells

mwerango

the down trend trned has started but the corrective structures werent very clear, so much as i know its going down, im looking for a better corrective strcuture for the sells

mwerango

indication of a buy after the correction, problem i have is that its so close tot he HTF trend-line, but hence i entered with small lot size to handle the possible draw down

mwerango

expecting sells from this area. since rpice approached the area in rising wedge fashion, i entered and due to slipperage expected on week open, i didnt set a stoploss and will thus place it on market open

mwerango

this trade failed coz i should have waitied for a much more clear descent after correction or for a correction after structure

mwerango

entered this trade and i was happy coz i was patient and entered on confirmation of breakout

mwerango

im shorting this and this is the ultimate entry coz of the the way the price correctively approached the support level.

mwerango

in this scenariio, the price formed a structure , followed by a folloow up corrective structure and the stoploss should have been above for it to be given breathing room

mwerango

this was a must watch for the day. however on approach for the final touch, i saw a falling channel and thought that this was my chance to enter but it failed cox it wasn't followed with corrective structure

mwerango

just wait and see how the price reverses and enter on next correction

mwerango

when a structure ( reversal) is formed note that if its followed by a continuation structure, enter and hold

mwerango

expecting an impulse and will possibly enter on the end of the follow up corrective structure

mwerango

so for this trade, i was focused on finding the appropriate entry. i looked for the struture within structure entry as opposed to the impulse-correction entry