this is what i see on the JONES BUSINESS BOOKS.
the move can take longer or it can just GO to the lows but along the way a lot of noise can take place.
keeping a tight sl is a need here just 100 is a maximum nothing more RRR
looking at this channel looking to take that double bottom there on E1 risking on 2pip stop and take it high.
E2 is my second place where i will be looking to take it high again TRENDLINE KISS 3th kiss.
E2 is based on E1 failing
technical overlook on the big time frame and a long term trade we can expect a fail in holding that level and return to the 50% on the whole move then push back up with more momentum, AND again we can expect a double bottom just to buy the pair at a cheaper price but this whole view is due on the weekly close
have to be honest with you guys never saw this coming was waiting to take it at the higher zone did not even check it on only just now and decided to enter but keeping my SL tight and my eyes on the chart.
USDJPY is giving us another clean SELL setup.
It's just a matter of time and patience under price get to somewhere around 112.200
Only then will I consider take a SELL on this pair.
Anything aside this will be too risky for me to take.
AUDUSD: this pair made a significant move last week as expected but retraced instead of moving up to our TP level.
I think this buy setup still holds because we already see a channel form and price is now retesting a 1W major trendline.
We saw a large selllof from gold last week which was in line with our analysis. Last week i had a kind of expanding channel which i was for a gold sell on third touch which we got and now we inside another expanding structure for a continuation sell after our impulsive move to the downside.
Entry1: How am going to enter this trade is to take a risk entry on the...
good day boys and girls. Previously on my NZDCAD analysis i state that price broke out of our descending structure and we were looking to enter on a buy if it gave us a flag on either the 1HR or 15M timeframe. Instead price failed to do that and we saw a strong impusive sell on NZDCAD .
I am still bullish on NZDCAD ,even though we did not get that correction...
We see that USDCAD had an impulsive move to the downside and started correcting in a form of an ascending wedge for a continuation to the downside .Price currently approaching for a third touch of our channel.
Entry: Planning to take a risk entry on the third touch of correction and first TP at the 90% of structure.
Price is currently inside a descending structure after a bullish impulsive move,looking for a buy entry on a break of LTF flag. Another confirmation is the formation of an inverse head and shoulder on HTF structure giving us more confluence to the upside.
Good day boys and girls. I am currently in on a sell on USDJPY until to the 90% of bigger correction. Currently looking for a small flag for the upcoming week . if we do get a flag on the 15min chart or 1 hour ,am looking for a short entry at break of flag.