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
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.
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.
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
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...
Price has clearly been forming a head and shoulder pattern and also it is inline with the HTF structure.
Entry was after a bear flag was formed following 6-8hr candle.
Its correlative pair GBPUSD is also inline with short setup (refer to my GBPUSD setup)
Overall the R:R also fits my trade set-up.
Previous trade ended up being a break even trade.
As structure wise there is no change.
Hence I am looking for more short setups. Looks like the market is forming a M pattern.
Will wait to see ones it reaches the double top area and then will look to enter on the hover at the base of the channel
Or if it breaks the channel then will look to enter on the 15m hover
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.
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...
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...
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.
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.
Price has correctibely reached the key level area and formed a rising wedge pattern.
Its has also formed a pattern- within- pattern of rising wedge formation even on a 15m TF to get a better entry with a higher risk to reward.
Forecasting it to go short to the minimum of TP -1 and the maximum of TP -2
Giving us a R:R of 4.11% in just 1 trade.
As the trade...
Daily has formed tweezer top candle suggesting market is setting up for a bearish move.
A good 6-8hrs candle bear flat flag has formed.
Price has also come from a impulsive leg and currently consolidating and the odds are its going to continue the impulsive move as part of pattern completion (1-2-3) i.e. Impulse- correction- impulse.