REJECTION ON THE 3RD TOUCH OF THE WEEKLY ASCENDING, waiting for the rejection double top level and then go short high risk trade. with the low risk option wait for the break of the trendline
According Rising wedge pattern target has been completed and price bounced after test his prev swing low in D1 Time Frame. ThankYou
THE MARKET IS FORMING AN ASCENDING CHANNEL WITHIN ASCENDING, CREATING A DOUBLE TOP AT THE HIGH OF THE STRUCTURE THE TRADE IS ON DIRECTLY AFTER THE REJECTION ON THE DOUBLE TOP LEVEL, AND THE BREAK OF THE SMALL ASCENDING
THE PAIR BREAKS IMPULSIVELY THE DESCENDING CHANNEL ON THE ONE HOUR CHART, 70% chance to touch the trend, and if it break it it will touch the TP
Entered this risk entry trade at 144.794 with a 35 pip stop above the structure. Confluence Factors: - Price is in a corrective phase from an impulse down. - Price has touched the upper trendline for the 3rd time. - Price has approached this 3rd touch with an ascending structure. - Potential evening star has been formed on the 4HR Chart. Target 1 is a the bottom...
Context It has occurred to me over the past few weeks that EURUSD has always been in a position to buy, probably due to external influences and invalid correlation. My market sentiment has since changed after redrawing the structures of this pair. This is the weekly chart of EURUSD as of February 9. General Consensus Wait. The impulse is still ongoing, and...