dubaiforexgroup

dubaiforexgroup

I am long on this since the breakout of the falling wedge now start to show more potential to the upside

dubaiforexgroup Updated 

this is probably a six legs wedge going shot on the break out of the 5th leg. the macd show weakness not too clear but its there and the end of the leg is a rising channel which is a reversal pattern.

dubaiforexgroup Updated 

long after the break out of a big pattern and triangle formation complet

dubaiforexgroup

potential breakout to the down side, or a revesal to complet the pattern.

dubaiforexgroup

eurusd long trying to catch the leg up

dubaiforexgroup

if you r in the trade the sell set up is almost done entering to a correction phase which pattern? no one knows i like to assume its a ABC channel, it just make easy for me to adjust as the pattern is evolving one thing to keep in mind we are in bigger correction this is not a impulsive move.

dubaiforexgroup Updated 

potential short on this pair now at this moment

dubaiforexgroup

might break to the upside and form a channel or triangle correction of the big impulse in the daily chart

dubaiforexgroup

booked a hefty 230 pips on that impulse now looking at a correction and continuation to the upside follow scenarios at they evolve pls note: the pattern may change anytime and the analysis is not valid, however, u need a map to travel, thats your map with arisk is better than no map.

dubaiforexgroup

two patterns may evolve as we trade this pair my eye are on the break up instead but for it to break up the C leg of the triangle should complet

dubaiforexgroup

both scenarios make sense to me if u look at the bigger time frame we are in an ABC correction

dubaiforexgroup

as always if it break down i will move my stop to breakeven and wait for the action to start whatever scenario ill act accordingly

dubaiforexgroup

the break down of the gbpusd might not continue to the downside and show a reversal pattern first i advice to move sl to break even quickly as the move advance down if reverse the trade will be breakeven. if not follow the scenario.

dubaiforexgroup

follow the breakout as simple as that

dubaiforexgroup

A break out is must follow the break

dubaiforexgroup

long on the audjpy after the break out of that correction channel.