Although quite risky since the potential double top is not clear enough, there is a clear ascending channel heading towards the resistance level. An impulsive rejection will determine if this ends as a reversal.
Given the corrective downtrend of price, there is a possibility of a rejection by forming a double bottom provided the descending channel is clearly formed and rejects at the third touch too.
Potential expanding triangle formed within a downtrend. A rejection at the third touch will suffice for a short entry.
Expanding channel with a bearish impulsive rejection on a double top, followed by a corrective structure. A rejection at the third touch of the corrective structure on the lower timeframe will suffice for a short position, down to the low of the expanding structure.
Price formed a clear descending channel followed by a double bottom while reaching for the third touch, resulting in a bullish impulsive move. With the current corrective expanding structure being formed, I am waiting for a final rejection before going long.
I am looking forward to a short term sell after a rejection at the third touch of the ascending channel, down to the low support level.
Head and shoulder formed at the third touch of the expanding channel, followed by a bearish impulsive break. Looking forward to some further bearish momentum after the formation of a corrective structure at the moment either in the form of an ascending or expanding channel.
Expanding corrective structure formed after a bullish impulse at the third touch of the descending channel. A long entry will be favourable if price rejects again at the bottom of the expanding structure.
Bullish impulse corrective structure formed after a clear break of a descending channel. The setup looks favourable for a long position.
Ascending structure with bearish momentum at the third touch. Looking forward to a corrective structure within the 1h or 15min timeframe before taking a short position. OANDA:EURJPY
Corrective structure possibly forming a descending channel within a major descending channel. If price rejects at the third touch of the small descending channel , a long position will be favourable with a bullish impulse corrective structure.
Potential ascending channel reaching for a double top. If the double top is confirmed, short entries will be on the watch.
Ascending channel with a corrective rejection at the third touch and a possible double bottom. Long entries will be on the watch if price rises impulsively from here on.
Ascending channel within an ascending channel. A short position will be feasible if ever there is a bearish momentum followed by a corrective structure.
Expanding channel going for a possible double top. If ever price creates a rejection at the double top and provides a clear bearish impulse corrective structure, everything will be set to go short.
Ascending channel within an ascending channel. Given the possible formation of a bearish impulse, a short position will be favourable after the formation of a relatively small corrective structure.
Ascending channel within an ascending channel, with the possibility of two profit targets. Price is confirming a bearish impulse on which a short position will be preferable after the formation of a small corrective structure.
Ascending channel with a complete rejection at the third touch and a possible bearish momentum. ...waiting for a corrective structure to go short.