hcarbajal12

hcarbajal12

There could possibly be a formation of a head and shoulders pattern in this time frame that is the formation of the right shoulder makes it and feats perfect the pattern that will be the conformation of a change of the trend and continue going to the downside

hcarbajal12

Look at the formation of a chart pattern in this case it’s a ascending triangle in the 30 minute timeframe but we are currently on a bearish downtrend so what are we specking form this triangle a continuation or a reversal all the way to the upside ?

hcarbajal12

Look at the perfect formation of a pattern in the USD/CHF where the price have been in a kind of consolidation where the price can exit on 5 to then continue to the upside.

hcarbajal12

As you can see we are currently on a downtrend, and we are looking for more sales in this case I made the direction Order Block in the 1H timeframe, then the 15min OB and then the 5 min OB on the same the 3 are on the same zone, but we are looking for an entry on the 5 min timeframe because in my case I daytrade and oviously this trade will be taken on the mondays...

hcarbajal12

OKay as you can see we steal on a bullish scenario where the price its looking to get more and more to the upside, so we have certain limits if we want the price to hit a new high, first of all we will enter in the new york sesion in a long position looking oviously for buys in the 2H orderblock but the entry is on 5min that its the best timeframe for day trading,...

hcarbajal12

What a perfect confirmation the chart its giving to us, as you can see the price its on a current consolidation again but now as a simetrical triangle in this time and we can confirm the consolidation with the very low volume that the price have right now, just look at the perfect formation of these consolidation.

hcarbajal12

See at the clear formation of a flag on the 30 minute timeframe, looking for more sales again this week

hcarbajal12

As you can see after trump elections we have so much volatility in all the markets related to the dollar and in this case the price have been created new order blocks to more continuation to the downside and more sells in this case we can see the price is in the same continuation to the downside

hcarbajal12

As you can see Trump has allready win the USA elections that this will be sometingn positive for all the markets with the us dollar in this case the GBP/USD that created a simple order block loocking for more sales and you can confirm your entries in lower timeframes to be more sure to take the sale entries.

hcarbajal12

As you can see Trump has allready win the USA elections that this will be sometingn positive for all the markets with the us dollar in this case the GBP/USD that created a simple order block loocking for more sales and you can confirm your entries in lower timeframes to be more sure to take the sale entries.

hcarbajal12

As you can seeif we go to a more high timeframes we can see the importance that the weekly support and resistence have if we make e a quick look of it the pric its now heding again to this zone and we dont know exactly whats happening with the price, we have 3 options, to make the same reaction to the downside, to make a fake breakout and then go to the downside,...

hcarbajal12

As you can see we are currently on a downside trend and the price it’s retesting the order blocks looking for more sales to the downside the limit for this it’s 1.30000 as a level where the price will be now oversold and can change possibly the trend

hcarbajal12

You can see the perfect respect og the impulsive and the correction Elliot waves in the chart coming from. bearish movements from the 4 hour time frame to all the little time frames that look bearish too.

hcarbajal12

There its a clearly bearish flag on the 1 hour time frame where the price its now trying to retest this level over there to the continue all the way to the downside creating more sells

hcarbajal12

The price its actually moving in a range since friday very strong movement that let us with that big candelstick. what we specting its a continuation to the downside on thet range broking this same range all the way to the downside.

hcarbajal12

There its a perfect outlook of the price right here as you can see we have a resistence zone in the weeckly timeframe that has already been mitigated and a support zone too that has been mitigated but in the past we are stel waiting for the price to reach this zone again :)

hcarbajal12

There its a continuation to the upside in the USD/CAD more on the 1 hour timeframe we can see the price in a. better way and a better formation of the flag that when it brokes the price will potentially go all the way to the upside right now.

hcarbajal12

There its a lot more change to the downside of the price to the donwside confirming the sell entries on the 30 minute orderblock righ now looking for a considerable take profit on the chart.