Even though price gave another push higher from my previous bearish idea (attached as related idea) I am still bearish on this pair. Price spiked the upside B level (.7265) but did not close above it so I am still holding my short position. I am trading the CD leg on the bullish pattern. See my related idea for more explanation on my target area.
The red bearish pattern is invalid so I am anticipating it to fractal and become a left wing on a larger bearish pattern. The bullish pattern is valid so I am anticipating it to push price into my upside target area.
I am anticipating the red bearish pattern to fractal and become a left wing on a larger bearish pattern. The bullish pattern is valid so I am watching for a move into my upside target area.
The red bullish pattern is invalid so I am anticipating it to fractal and become a left wing on a larger bullish pattern. The blue bearish pattern is valid so I anticipate it to create a new low into my downside target area.
I am bearish trading the CD leg on a bullish pattern. If price closes below the B level on the bullish pattern I will be looking for more downside selling pressure.
The bullish pattern is valid so I am anticipating it to create a new high. This is into a larger pattern so I am very bullish with this particular pattern.
Similar to the NZDUSD bearish Idea I just published (attached as related idea) this bearish price structure is a bit complex but they are powerful price structures and will usually create a decent trading opportunity. I am bearish to my downside target area which could end being a conservative target.
This complex bearish price structure is valid so I am anticipating a move to the downside. This target area could end up being conservative. The red bullish pattern is invalid so I anticipate it to fail to create a new high and fractal becoming a left wing on a larger bullish pattern. The blue bearish pattern is valid so I anticipate it to create a new low...
The blue bullish pattern is valid so I anticipate it to create a new high. I am trading the CD leg on an AB=CD pattern using the 100 level expansion to define my upside target area.
The bullish pattern is valid so I am anticipating a move up into my target area.
The red bullish pattern is invalid so I am anticipating it to fractal and become a left wing on a larger bearish pattern. The bearish pattern is valid so I am anticipating it to create a new low into my downside target area.
The bullish pattern is invalid so I am anticipating it to fractal and become a left wing on a larger bullish pattern. The bearish pattern is valid so I am anticipating it to create a new low into my downside target area.
The red bullish pattern is invalid so I am anticipating it to fail to create a new high (above 1.3080). My upside target area is defined by fib retracements using the blue X,A leg to anticipate where D will complete. I am trading the blue C,D leg up to my target area where I will be watching for hidden bearish on a lower time frame to help decide when I exit the...
The bearish pattern is valid so I anticipate it to create a new low.
The two bearish patterns I was anticipating completed together in my upside target area (see attached 30m bullish idea) and now I am bearish trading down into hidden bullish. There is double hidden bullish setting up but I will usually target the first hidden bullish swing as I am here.
The bearish pattern is invalid so I am anticipating it to fractal and become a left wing on a larger bearish pattern. The bullish pattern is valid so I anticipate it to create a new high into my target area.
The bullish pattern is valid so I am anticipating it to create a new high into my upside target area.
I am bullish on this complex price structure up into my target area.