AUDJPY - SHORT Why are we entering? - Expecting JPY strength after a short correction period (See JPY index) - We look to be in a parallel bear flag What are we waiting for to happen? - price to retrace back to the structure and one of the fib levels - Waiting to draw WFB What is our confirmation? - Break of WFB trendline once created - Rejection of structure...
AUDUSD - LONG Why are we entering? - Expecting AUD strength and USD weakness - In a bigger parallel channel and approaching channel support What are we waiting for to happen? - Waiting for price to tag the channel support - a break of WFB What is our confirmation? - a 4H bullish candle at the channel support - WFB confirmation for safe entry - Break of 4H...
EURUSD - LONG Why are we entering? - Expecting EUR strength and USD weakness - In a bigger descending wedge and approaching wedge support. - Approaching -0.27 target fibonacci (where we expect a reversal) What are we waiting for to happen? - Waiting for price to tag the channel support - a break of WFB What is our confirmation? - a 4H bullish candle at the...
Why are we entering? - Approaching major structure level - Anticipating EUR strength and possible CHF weakness = EURCHF LONG What is our confirmation? - Bounce off the structure level - 2H trendline hack (2H EMA is respecting price - will be using that for confirmation) = WFB break Entry SAFE Entry: Bounce off structure and then WFB Risk Entry 1: break...
EURUSD reacting to the parallel channel. Possible entry now with a very small SL Why are we entering? - Expecting EUR strength and USD weakness - In a bigger descending wedge and approaching wedge support. - Approaching -0.27 target fibonacci What are we waiting for to happen? - Waiting for price to tag the channel support What is our confirmation? - a 4H...