There are several trend lines in the larger channel that will give you good short opportunities. Look for key psychological levels (the .000s and .500s) along with price action. If price breaks lower channel trend line, look for a big drop as the banks go SL chasing on the longs.
The UJ is in a strong descending pattern with multiple trend lines within the channel to look to brea to look for shorting after a correction. If it breaks lower channel trend line look for a big drop, other wise I see if just bouncing between the channels. Watch the key psychological areas along with price action for key bounces/reveresals....the .000s and...
Multiple opportunities to long and short. Pay attention to price action around upper levels for reversal or continuation of correction.
I'm paying close attention to how the price action works today. As long as the day doesn't close below the low of yesterday, possible double bottom and sitting on structure for reverse to the top side of the wedge. I'm looking for the day to close near the top of yesterday with a buy stop a few pips above that.
Price action is struggling to go up as it is near structure and is also forming a double top. I'm expecting a drop down to the 1.66 level then shoot back up and if it breaks the structure, I'm a expecting a large impulse move.
It bork the downward channel and keeps bouncing around structure with bullish wicks and was a nice long pin bar on 4hr. Waiting for an engulfing candle and then break above the last high to for entry long.
If you UJ retraces back to structure zone will be around Fibs 50 - 61.8. enter a short.. Give yourself a bigger reward wait for the 61.8 Fibs to go short.
Head and shoulders pattern forming. It broke though the support then came back to test the resistance, now forming a HS pattern. Sell the retracement of the breakout.
EU broke the long down trend and is trading in a falling wedge pattern and sitting a nice support. Typically a falling wedge after a down trend is a reversal pattern, however, if it breaks to the downside, look for a long drop.
Forming a tight wedge right now. Will it break to the low side or high side?