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Strong bearish close at top of HTF descending structure double tweezer tops.
4hr closed with a solid bear candle and with it being at a key area of the pattern, entry order just below the corrective period.
1HR - Currently 5 candle sticks with most of it being indecisive price action in the form of dojis.
Mini ascending channel on the 15 minute but...
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- Daily in area of scoop pattern creating a double top and currently in a corrections which mean it can still head up and touch the outer trend line creating even better scoop/double touch pattern.
Multiple ways this can go but the setup are really clean to me, when price moves i think there will be a lot of opportunities here.
Let me know what you...
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Have been watching this for about a week now and momentum has finally picked up.
Currently in a tight bear flag heading downward. Impulse early morning while Hawaii traders were asleep, did not set an entry order but okay as the market always corrects. This is a nice potential entry I am eyeing out at the break of the structure
at the top for a...
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Hey Everyone, looking to short NZDCAD in the next couple hours after the new market day is confirmed and candles closed.
D - At a key area at the second touch of a descending channel with an overall bear market.
4 HR - bearish engulfing at top of structure; descending within a descending; engulfing candle which is a beautiful sign this could be an...
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Hey every one, staying patient to start the week, haven't place a trade for a week now as am waiting for clearer set ups as we are in an overall corrective market IMHO.
There are a few pairs I have on watch but am currently only looking at EURGB S.
Weekly - Been in a bearish trend since the second week of august. Strong bear market.
D - Major impulse...
After a corrective period for the last few weeks, price stayed within the descending channel in a ascending pattern. Typical "Pattern within a Pattern" which is an edge we use.
Price moved off key area at top of a corrective structure.
Currently in a tight bear flag correction, eyeing out for a continuation after the first impulse. Hourly and 4HR has solid...
Currently USD is looking weak, after the first impulse and scooping reaction of the ray line on the 4hr, I'm look to enter on the continuation correction.
potential for a +10%
ray line of the inflection area is first area of profit. New market day is about to start in an hour so will wait for an entry as I do not want to be taken out prematurely...
Plenty of activity in the markets to start the week! AUDNZD moved nicely.
There was an opportunity for a short on the second touch of the outer trend line (reversal high test followed by bearish engulfing candle on the 4HR chart)
D - Still a couple of hours away from the close but price is in an overall valuable area as it is just after the third touch within a...
In a high value area on the daily, currently in the area of third touch.
First impulse in the high value area so looking for the first correction to enter.
Four hour time frame is also corrective but waiting for price to break below structure.
Aloha Kakahiaka! Hello and good morning! I set an entry order last night on NZDCAD which triggered me into this breakout of the pattern. -could be forming a false breakout out of the structure and fall back into the structure. (possible)
Expecting a slow day in the markets; Labor day; US banks are closed.
D - Daily is near a double bottom - but it doesn't...
I like what the markets showing! This is what I'm seeing (always room for improvement):
D - running descending channel with two touches; possible it's just a correction to break out and go higher to reach 1.01285 level.
4H - Potential to pullback and create a double top for a deeper sell. or even break out for a possible...