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Trendcontinuationpatterns

USDJPY Breaking The Corrective Structure hey guys, The Pair is forming a corrective structure within the bigger corrective move.The move is on the downside when you look at the correction structure of the previous impulse.But the overall correction is to the upside & the completion of the Corrective C wave on the weekly. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Short
by GrowingForex
1
Brent Crude Oil - Break of Counter Trendline & Fib RetracementLooking at the weekly time frame, price has failed to break a bearish trend line. Within this, on the daily time frame, price is currently at the bottom of a counter trend line. If this is broken, we should see large bearish movement towards the 28.00 level. This target is where an ABCD pattern completes and where a fib extension completes. The overall trend is bearish, we are currently in a series of lower lows and lower highs, furthermore at the the top of the C leg is in the 61.8% fib entrancement level on the monthly time frame. Look for a break of the counter trend line for confirmation.
TVC:UKOILShort
by LeeThompson97
Trend Continuation Trade on NZDUSDHi guys, this is a trend continuation trade: you can tell this simply by looking at the last price moves. The recent downward movement created a new low in the 4H chart, so we are now setting our mindset in bearish condition for we'd want to hop on the trend as soon as price gives us the opportunity to do so. In this case price has created a double top on the lower timeframe (1h) right at the retest of the support that once broken could become resistance. Entry at market, stops 2-3 pips above 0,70 round number, first target at the retest of the lows, second target could go all the way down to 0,69. Let's see how it plays out. If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Previous Support becomes Resistance!Hi guys, this is a trend continuation trade: you can tell this simply by looking at the last price moves. The recent downward movement created a new low in the 4H chart, so we are now setting our mindset in bearish condition for we'd want to hop on the trend as soon as price gives us the opportunity to do so. In this case price has created a double top on the lower timeframe (1h) right at the retest of the support that once broken could become resistance. Entry at market, stops 2-3 pips above 0,70 round number, first target at the retest of the lows, second target could go all the way down to 0,69. Let's see how it plays out. If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
AUDUSD trend continuation tradeHey guys, after missing a nice and profitable flag pattern on EURUSD we have another chance to hop on the trend in another USD pair. This time it's the AUDUSD turn. We recently broke to the downside a flag pattern and we are now heading back to retest the most recent lows. In higher timeframe we are "free falling" cause we've broken support after support. I've outlined a blue box with the helf of Fibonacci retracement. My zone would be between .618 and previous highs (in order to have a decent risk to reward). If and when price will give me an engulfing candle on 15m or a double top in 5m i'm selling this. You can trade this setup with one single target at the retest of the lows and have about 2:1 RR or you can split your position in two and take the first target at 1:1 and the second with structure (or even with extensions). I'll let you know if i go short. If you have any question, please do below. Otherwise, see you in the next chart!
Short
by Roker1