Long term trend - Short Nature - Corrective phase Pattern - Rising wedge Stoploss - 30 pips Risk: Reward - 6:1
Long term trend - Short Nature - Corrective Phase Pattern - Ascending channel Stoploss - 50 pips Risk: Reward - 1:6 Ascending channel is a reversal pattern thats highly suggestive of a change in trend from long to short
Long term trend - Short Nature - Corrective phase Pattern - Falling wedge Stoploss - 30 pips Risk: Reward - 1:2 This is only a short term BUY setup
Long term trend - Long Nature - Corrective phase Pattern - Rising wedge Stoploss - 50 pips Risk: Reward - 1:4 Rising wedge is a reversal pattern highly suggestive of a change in trend to SELL.
Trend - Short Nature - Corrective phase Pattern - Rising Wedge SL - 50 pips R:R - 1:6 Rising wedge pattern is suggestive of a reversal in trend. Bearish move forecasted Even though we have got tagged out for -1% loss. I have re-entered the market again as its a probability model and never know when will it play out
Trend - Short Nature - Corrective phase Pattern - Rising Wedge SL - 50 pips R:R - 1:5 Rising wedge pattern is suggestive of a reversal in trend. Bearish move forecasted
Long term trend - Short Nature - Corrective phase Pattern - Descending channel Stoploss - 30 pips Risk: Reward - 1:2 Descending channel is highly suggestive of a reversal in trend to Long.
Trend - Short Nature - Corrective phase Pattern - Descending channel Risk : Reward - 1:2 SL - 20 pips Descending channel is a reversal pattern suggesting a bullish move soon
Trend - Short Nature - Corrective phase Pattern - Rising Wedge Stop loss : 50 pips Risk : Reward : 1:3 Rising wedge pattern is a reversal pattern that is suggestive of a sell setup.
Descending channel has formed. Hence look for LONG entry RR = 1:3
Entry Type = SELL Risk : Reward = 1:2 Stoploss = 30pips Take profit = 88 pips Only risk maximum of 1-2% of your account
Price has broken from the rising wedge pattern and now has formed a bear flag. Hence looking to enter short. With a R:R of 1:3.
Price is formed a larger pattern bear flag and inside the pattern it is also formed an ascending channel hence adding more confluence to our trade that it is going to go short. It has also formed a 3 touch pattern completion which also adds more evidence to your sell entry.
Price has formed a larger bear flag suggesting drop in price. To add more confluence to the setup it has formed a rising wedge pattern as well inside the bigger bear flag. Rising wedge also has competed with the 3 touch confirmation.
Price is been forming an ascending channel and to add more to the confluence it is forming pattern with in a pattern structure. This adds more probability that price is going to drop soon. Keeping a great risk : reward and entering short.
Price has formed ascending channel with a classic 3 touch pattern (expecting to happen) before the drop. 1st TP targte would be at the ray line. 2nd target would be at the yellow TL
Price has formed falling wedge pattern, waiting to enter long on the 3rd touch. It is possible that the price can fall little more lower until it hits the bottom ray ling before going LONG 1st TP target will be at the ray line and 2nd target will be near the yellow TL
Price did not form a continuation bull flag after the break of the Inner falling wedge. So will be considering it to be part of the middle section of the larger falling wedge. Ideally would be nice for the price to break the double bottom structure and do the mass psychology and form the 3rd touch as part of pattern completion before going LONG. Either way will...