judderod

judderod Updated 

Credit to Anil Mangal for his sense of direction on this pair. Here's how I'll be looking for my first entry. If the top of the flag pink flag is broken, this move becomes impulsive and I may look for a buy entry instead.

judderod Updated 

I'm already short from the top with a high risk entry from the test of the upper trendline. I'm looking for another entry which would be a break of this downward pink flag. This would confirm the down move is impulsive and likely to continue to re-test the lower tendline where further analysis will be necessary.

judderod

Update

judderod Updated 

Given the small risk to reward of a short at the current level to re-test the green line, plus the additional possibility of the orange trendline causing resistance or causing another corrective flag to form, I'm not interested in this sell.

judderod

When a price breaks out of a flag, one way to check if the break is impulsive is to see if it remains contained by parallel lines (another, smaller flag). In this case the pink flag was broken, but on the 15m chart we can see the blue lines are parallel. Price did not break from the lower side of the blue flag. No impulse, no entry. A larger flag is forming in...

judderod

Flag as predicted. Sell opportunity.

judderod

Await a clear break before entering. I'll be looking for an hourly close below the trendline and then watching price action on the 15m chart for confirmation.

judderod Updated 

This is looking like the C wave of a larger degree could be ending, and a down impulse is coming soon. However it could bounce from here and become a 5 wave correction.

judderod

This will make a great sell one day, but right now it looks uncertain to me. The last 3 up impulses have retraced 50% before taking off again. We could be in for another move up after the latest bounce from 50% (7220). I'd like to see a break of 7200 before selling again.

judderod Updated 

I predict a good chance of a reversal here. The correction has retraced 61.8% of the last impulse, which also converges with the upper daily trend. An hourly close above the green trendline invalidates this idea.

judderod Updated 

Wait for a clearly defined downward correction, followed by a break of its trendline

judderod

61.8% retracement (A wave) of a 5 wave upmove, re-test of daily resistance turned support, doji then hammer 4H candles. Buy now with a stop below the current low, or wait for a break of the thin green trendline for a lower risk trade.

judderod Updated 

Potential for a lot more upside on cable but there may be a retracement first. Swift volatility expected today at ECB announcement (12:45 UK time).

judderod Updated 

Here's what I see. A very complex correction of the last big impulse. It's too early to make a prediction. But we can see what happened at the last touches of the green lines!

judderod

Potential short. Lots of resistance here.