Bear flag pattern completed, taking shorts on break and close of 1 hour candle below the counter trendline.
currently short UK100, Waiting to see if we come to the bottom, or potentially another test of the highs before the move down
Looking forward to shorting this pair from an area of value , completion of the ascending reversal pattern and potential rejection from the upper trendline.
will be looking forward to descending channel to signal a reversal for a possible bull run
The good thing about forecasting moves is that it reduces hesitation when its time for execution. Was looking for a wave to the downside but the pattern evolved into a larger version of the ascending. will be looking for shorts at an area of high value.
i always wait for confirmation before entering trades ..this one in particular i wanted an ascending channel breakout first before entering...sometimes if i dont get that i wait for impulse then first flag.
price action has approached double top region correctively with an ascending channel. looking foward to short this pair from this area of high value.
Price action has correctively approached a medium term trendline in a classic chart pattern . Will be looking for potential shorts if price action gives a signal.
price has been rejected from the third touch on the trendline and has broken out of a smaller ascending, will be holding this for a while.
looking for a breakout on the smaller ascending channel to confirm my sell bias ..
will be looking for long trades at the break of the smaller descending channel.
looking forward to short this market if a sell signal happens from either of the 2 probable areas of value.
With price action back to recent highs to complete a classic chart pattern , i will be eyeing a reversal from the top, waiting for more development and confirmation of the reversal.ideally i want to see an ascending channel which can break the highs for mass physcology, or wait for first impulse then correction...#happytrading
i will be going short if price action breaks below the flat flag
looking for first impulse and a lower degree correction to take this to the upside
price action yet to complete a third touch within the classic chart pattern, however it doesnt have to reach the bottom it could just reverse from the double bottom area ...keeping an eye on this one for the next week
changing pattern formation earlier in the day... looks good for shorts
Price action broke out of a trend reversal classic chart pattern with impulse..currently forming a continuation flat flag of which i will be going long with a risk taking entry or on breakout with an initial target arounf 1.43 in mind #staysafe #quarantineandtrade