Waiting for the Bear flag to complete before a Strong Bullish move can take place. This can either happen where the market shoots up straight after breaking out of the Flag, or break out then create a Low Timeframe Bullish continuation pattern.
Watching it like a Hawk!!!!!
Following two successive Bear flags, the trade looks like it is read to continue downwards towards the areas of 1.17523. I am in on this one and am hoping for a "good harvest".
PS: I ALWAYS RISK 1% per trade. Money Management is Crucial!!!!!!!!!
HAPPY TRADING FELLAS!!!!!!
A good setup "brewing" here after the pair created a nice double bottom on the 1D timeframe . Look for confirmation on the lower timeframe before entering the buy. I am looking for a bullish frag.
I am INNNNN on this beautiful sell as the price continues to tumble downwards, I good continuation pattern has just completed and I am already working on scaling in, looking forward to holding this until the 90% rule is fulfilled, that is, movement down to the beginning of the channel.
Even though the left shoulder is still in consolidation, it is promising a beautiful push upwards with potential profit target of 1.88279 Patience should be exercised, however, in waiting for a confirmation pattern after break of structure
An inverse head and shoulders pattern looking need and spelling a turn around for the Pound. I'm expecting the pair to push upwards for an excellent 3:1 risk:reward.
BEAR IN MIND; No matter how good an analysis is, the markets will do what they want when they want. It's a matter of picking high probability trades...... i believe this is one of them.
As indicated on the chart, the pair is forming nicely into a long term sell pending the break out of the left shoulder, a good sell has developed on the 4h timeframe
The index has been going up for a while, but it was moving in a rising wedge, as the price was getting squeezed up on the way to the top. The trend has since shifted downwards and looks like it will continue to the beginning of the channel (this can take months or even years to play out but with very :handsome rewards)
The pair is currently in consolidation mode, with two possible entries coming soon for either a RISK ENTRY or entry after the market has completed it's retracement (as shown)......PATIENCE is the key.
The pair has risen impulsively following an inverse head-and-shoulders pattern that formed, with the potential to rise even further more until it reaches the 1.79000 price
CAD pairs have been showing beautiful sell patterns and the CADJPY is no exception. The bear Flag confirms the continuation of the downward move which is likely to go on for a while.
Expanding pattern acting as a reversal pattern, coupled with a bearish Channel(pattern within a pattern) confirming a beautiful-looking SHORT. Proper risk management to be implemented. Good R:R ratio if one lets the trade run.
The pair has created a nice descending channel, and in the process creating a double bottom , or as some would call it, "W"-in-the-making . Buy stop can be used to enter, or waiting for further confirmation in the lower time frame before entering a market entry.
DISCLAIMER;
This is for educational purposes only and NOT investment advise. Trading in foreign...
After a month lomg retracement, the pair loooks like it is ready to venture downwards. A 1:3 ratio is possible, with the 90% rule coning into play, i.e, the trade moving down to the beginning of the channel.
