Here we are looking at a typical 3 touch structure . Price is getting to its third touch in a smaller ascending channel. I am personally waiting to see how we reach the third touch, Whether or not we reach more consolidated or impulsively is yet to be known, however with the price action given (after news) we are left with a clean structure. Looking for SHORT ...
Clean price action on this pair shows price breaking out of structure but then we see price impulse back down. Waited for correction of impulse move to enter this trade. Looking for a second entry after the break of this continuation flag to continue its move.
Looking to Find Shorts this week On AUDJPY . Here is my analysis: On this three touch structure, I am focusing on the price action coming into this third touch. Consolidation near this third touch is key and will be aiming for the bottom of Its bigger structure.
NZDUSD : Was originally looking for third touch in bigger structure however we created a three touch structure on the 1 hour time frame. Bigger structure had a corrective break, as well as a break of that smaller correction as well. Many confluences to this Pair leaning towards a very bearish outlook. Aiming for the bottom of the bigger structure.
USDCAD is currently in a descending channel. Nearing the top of its trend line if we see a rejection we could be seeing price falling next week. However if price breaks higher you could look for a Bearish Flag for confirmation of higher moves to the upside.
GBP/JPY is currently in an ascending channel nearing a double top. Anticipating price to make a third touch past the double top catching people on the wrong side of the market. Most Support & Resistance traders will see price pass its double top and will be ready to look for any Long positions off the retest. Waiting for price to slow down and consolidate near its...
Good morning Traders,
price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.
In my view of price action, I see further upside because we still have some buying power within the...
Good morning Traders,
I hope you have all had a good weekend,
As I've been stating in my earlier ideas we are coming into the 1.1490 area, this will be an interesting level, given the buying power that is still within the market as price action is indicating, at this current moment.
We could have price action that spills out as illustrated, If we do Id be...
Evening Traders,
this pair has been stuck in a bit of range for me, although it seems we still have plenty of buyers in the market, this being confirmed by the large bullish candles every time we have a sell off, Price action may potential pierce the top of the 1.14410 area before market close or potentially my do so during the Sunday market open. either way i...
Afternoon Trader,
I will be honest and say this IS NOT a trade I managed to take, I simply just missed it.
Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action...
Evening Traders,
a few potential scenarios on this particular pair:
1) potentially we are in a larger ascending channel structure highlighted with the dotted outer trend lines, if so I see price action going for another move up within structure, but it will be largely corrective and not the best trade-able move, if we do, ideally a high candle rejection with an...
Future Trade:
Price will continue down to break current support, test next level and fill monthly wick. We can see a push up with few retracements after.
Short term-Sell
Long term-Buy
Unless there's a major news but I see more upsides. Constructive criticism is allowed. Support this idea with a thumbs up and follow for more. :) FX:GBPUSD
