jetly232

jetly232

Price has formed a ascending channel and has already formed the 1st correction which is a hover that has formed before the break to go short. Keeping in mind there is always a possibility it can go higher up before the drop. Either way my bias remains SHORT.

jetly232

Price has clearly broken out of the falling wedge pattern and now formed a bull flag after an impulse. Hence the chances are higher that it will continue being bullish as part of pattern completion (IMPULSE - CORRECTION - IMPULSE)

jetly232

Price has been formed a hover inside an descending channel. Looking for LONG entries Keeping in mind there is always a possibility that the price can drop 1 more time to form a double bottom before going LONG.

jetly232

Price has broken off a rising wedge and formed a bear continuation flag to go short

jetly232

Price has broken off the falling wedge pattern and has formed a bull flag pattern. Keeping in mind, there is a chance for it to hit the double top and retrace back again before going higher. If it does so, it will form a Flat flat pattern which still keeps our bias same of going LONG

jetly232

Price has broken off a falling wedge pattern and formed a flat flag pattern suggestive of continuing to go LONG.

jetly232

Price has broken off a rising wedge pattern and formed the 1st correction which is a bear flag. Hence looking to short

jetly232

Price is at a KL area of the structure and has formed a double bottom. There is a high probability for it to go LONG. The possible is that it can go lower and touch the bottom TL before going LONG. Either way will look for the hover or 1st correction to enter the trade long.

jetly232

Price has bounced off the keylevel on the daily structure and LTF formed a descending channel. Price has broken the pattern and entry is done on the 1st correction - LONG Its formed a Bull flag pattern and my bias is the price is expected to go LONG.

jetly232

Price is at a KL area and has formed a falling wedge pattern which is suggestive of reversal soon. Will wait for the 1st correction and then enter LONG (this is confirm my bias of LONG as valid and act as an added confluence) The 2 corrections are: Forming a hover below the TL or above the channel

jetly232 Updated 

Price is in line with the daily structure The nature of the price as it is approaching the double top is quiet corrective. Price has also formed Pattern - within- pattern and this adds more confirmation to my trade setup of going short. There are 2 scenarios here. Probable - price can reject at the double top and go short. Possible - Price can go higher at...

jetly232 Updated 

Placed a buy stop order as the price was clearly coming from an impulsive leg and was correcting as per the daily TF. Now it has formed a bull flag and has broken the pattern and formed the 1st correction. There is higher probability for it to continue to go long as it has come from an impulsive leg and correcting now... Hence higher chance for another impulsive...

jetly232 Updated 

Price has reached a key level area and the nature of the approach is too corrective. Its has formed a falling wedge pattern. Placed a buy stop order following a Bullish engulfing candle. This is a Risk Entry therefore the risk is low and the reward is higher. But since its a risk entry there are chances for being tagged in and out. As long as the pattern and...

jetly232

As structure has not changed at all. Even though i got stopped out at the previous trade (Losses are inevitable in trading). This time would look for a more conservative approach. Where the price has to break the pattern and then will look for 15m hover to enter. That way our trend is confirmed and I can look to enter on the forecasted direction.

jetly232 Updated 

Price has reached a key level area correctively and also have formed a reversal pattern (i.e. Ascending channel). Price has broken the higher time frame structure as part of mass psychology to get everybody at the wrong side of the market. This is excatly what I am looking forward to take the trade short. Keeping in mind the daily has formed an bull flag and...

jetly232 Updated 

Price has reached a key level area and also has impulsively broken the corrective structure and came back to the pattern (i.e. Rising wedge). What is more interesting is that it has formed a tight flat flag before continuing short. Right now its forming a bigger flat flag and i am looking to enter short in this trade on the break of the pattern.

jetly232 Updated 

Daily has been forming a rising wedge and it has completed the 3 touch completion of the pattern. Was not able to enter the trade at the top. will look to enter on the next continuation pattern that imprints to go short targeting the bottom ray line. Will enter the trade of the next setup that develops gives me a minimum of R:R = 1:3.

jetly232 Updated 

Price has reached correctively on the Key level as per monthly TF. It has formed a rising wedge pattern. And is expected to go short with minimum TP is the blue ray line. But it looks like it has more room to head lot lower. Will look to scale in more position as it imprints with a continuation pattern. Will Break even this trade ones it has crossed 1% of my SL.