Great setup broke 1000 level impulsively now we are forming a bull flag. I will look for a better entry at the bottom of the flag and I will look for a stoploss under the £1000 level. This is of course in correlation to XAUUSD which is pulling back too support will be looking for a long there too.
3RD Touch of ascending channel as-well as a rising wedge break, trade active since 1 hour retrace or break of wising wedge.
Price testing corrective channel top and HTF structure if we get a rejection or break from ascending channel we will look for a short.
3RD Touch on corrective channel we will likely see an impulse upon rejection of 3RD touch
Descending channel, corrective nature rejection from trend line would trigger the trade or break of pattern for a less risky trade. We will likely move up too HTF structure this giving us a longterm short position.
Short upon 3RD touch of channel and completion of ascending wedge. Confirmations to enter the trade will be some form of rejection candle upon 3RD touch. R/R: 1/9
I will keep you all update with my entry's and thoughts of the trade! Follow me on trading view. My Instagram joe.matkin To keep update with my trading journey!