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Parallel Channel

Closer look at Ascending/Descending structure price action Hello everyone: Let's take a closer look at the Ascending/Descending channel structure in the market. Typical ascending channel will happen at the top of the overall price action, and once the correction is finished, we have a high probability to see the price reverse. Whereas a descending channel structure will form at the bottom of the overall price action, and once correction is complete, we are likely to get a reversal from the bottom. Smaller chances these channels will appear in an impulsive move as a continuation correction, but not as frequently as appear as a reversal correction. These channel correctional structures are forming because there's currently a close number of buyers and sellers in the market that continue to go against each other, hence price isn't in the “impulsive” phrase, rather just in the “correctional” phrase. But, we know from the nature of the market, once the correctional channel completes, we have a high probability of entering the impulsive phrase, and the reversal move is likely to be sharp and fast. The key is to identify these Ascending/Descending channels on the higher time frame analysis, and go down to the lower time frame to confirm the reversal price action. This will allow you to get maximum R:R. You want to find reversal price action on the LTF to give your extra confluence and confirmation that the Ascending/Descending channel is finished correcting, and an impulsive phrase will enter the market. As always, feel free to ask me questions or comments. Thank you
by jojofang0901
12
Weekly Trade Recaps: NZDCAD, EURNZD, AUDCHF December 05 2020Hello everyone: Hope everyone is having a good weekend and is preparing for the next week. I will be starting to do these weekly trade recap videos on a weekly basis starting in 2021 January, and want to hear feedback from everyone in the community on this style of educated information. Let me know what you think of these types of contents and formats :) NZDCAD - Currently running about 5:1 RR, SL at 2:1 profit. Looking for more LTF continuation for possible scale in EURNZD - Currently running about 3.5:1 RR, had a scale in opportunity for the second entry. First entry SL at 1:1 profit, and second trade at BE. AUDCHF - BE trade, still seeing if more downside bearish momentum can happen in next week. So any questions, feedback or comments please let me know, thank you very much. Jojo
by jojofang0901
11
EURGBP Monthly/Weekly/Daily analysis 🦐Full video analysis of EURGBP --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together.
by InkyGrip
4
EURUSD Weekly/Daily/4h Analysis 🦐 Video explanation of the weekly daily 4h chart on last EURUSD chart ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8