Price has been running within the reversal channel on daily time frame. I am expecting one more move down and then the rise shall come.
For short term you may sell and for longer term you can buy from the bottom.
We have been enjoying the pips on USDCAD from the top. Now this pair is developing a trend continuation pattern on daily timeframe.
Watch the price action at top of this flag for signs of reversal for another short.
Hi everyone. Similar to other JPY pairs, I am looking to short CHFJPY base on that reversal pattern (rising wedge). Trend continuation pattern is about to complete soon, so watch for breakout for further downside.
I will update the lower time frame.
We have AUDCHF at the top again. The up move has been showing us that there is a possibility for another move down.
Look for price action at this area for sell trade. If price breaks above then this sell idea is no longer valid.
- THE ABOVE PATTERNS ARE THE COMMON "TREND CONTINUATION PATTERNS"
- THEY USUALLY FORM AFTER AN IMPULSE
- THESE CORRECTIONS ALLOW US TO GET INTO THE MARKET TO CATCH THE NEXT IMPULSE
- IDENTIFYING AND UNDERSTANDING THESE PATTERNS GIVE US AN EDGE TO TRADE SUCCESSFULLY
- IF YOU WANT TO UNDERSTAND MORE ABOUT THESE PATTERNS, REFER TO A BOOK CALLED...
Here we have dollar index chart and we are having a reversal channel formation to upside.
Look for breakout and if price does not breakout this time then look for the bottom to buy.
When dollar index moves, it means that dollar pairs will move with it as well (correlation). So you should look for sell on pairs such as NZDUSD, AUDUSD, EURUSD....
HI EVERYONE. I HOPE YOU ARE ALL ENJOYING YOUR WEEK SO FAR.
HERE I HAVE PREPARED AN EDUCATIONAL POST ON MY TRADING CONCEPT. THE WAY I TRADE IS PRETTY SIMPLE. I LOOK FOR IMPULSE AND CORRECTION ON A CHART AND PLACE A TRADE BASE ON THOSE INFORMATION.
IMPULSE: IT IS A SERIES OF LONG CANDLES WITH STRONG IMPULSIVE MOVE AND THEY ARE USUALLY VERY FAST.
CORRECTION: IT IS...