Ended up manually closing this position as we are more likely to get a larger continuation for the next leg and it would be best to take profit and scale in. The DXY reached the inflection point in which we may see price trickle to the low on NU and reverse to the upside but we will have to see.
Running around +3.5% on NU with my stop at breakeven. Price has broken below the double top, gave an expanding pattern in which price broke below and gave a nice tight 15m consolidation that I took for a reduced risk entry.
With the DXY approaching a value area, I will be managing accordingly!
Looks like the Yen pairs across the board are giving us some setups in the near future. Just like CAD/JPY, I will be waiting for a continuation in the form of a three touch for a risk entry to take to the downside.
Price has broken above the double top with an ascending channel in which price has impulsively broken that trend signaling shorts. This is where I will be looking for a three touch continuation for a RE to take short.
Price action is clearly signaling buys as we have broken back above the daily double bottom with nice large full body candles. Due to the large impulsive leg, we are more than likely to get a large three touch continuation in which I will be looking for a RE to take to the upside and will be looking for tight flags to scale in on this pair.
EJ is in a prime area for a long but, we have broken below the expanding continuation low with clear impulsive candles. We are starting to form a bearish continuation flag below the low in which I will be looking for the risk entry at the third touch.
I will also be keeping in mind that price may just be catching seller(s) on the wrong side of the market. We...
US30 is moving in accordance to market sequence. Price has given clear signs on bearish momentum and I will be looking to ride the wave to the downside. We have a clear target to the low and potentially lower.
What I will be looking for is price to break above the ray line, push back down on the H1 timeframe, followed by a continuation on the M15 for either a...
AU200 is approaching a prime area in which we may see some opportunities to get short on this pair. We have an area of liquidity sitting above the ray line in which we may wick to.
What I will be looking for here is price to break above the ray line, push back below on the H1 timeframe, followed by a continuation on the M15 for a risk entry.
