acefxking

acefxking

From last week setup, I was looking at a larger parallel channel but now I've modified it into a outward expanding structure. **Price within the expanding structure is forming a possible falling wedge because im still leaning more bullish base on my HTF bias** Im forecasting for price to break out of possible right shoulder of the inverse h & s pattern for...

acefxking

**Before anything, if y'all have any questions or a different outlook plz let me know. I like to hear other people ideas.** From last week setup, I was looking at a larger parallel channel but now I've modified it into a outward expanding structure. **Price within the expanding structure is forming a possible falling wedge because im still leaning more...

acefxking

So this week, price for me is in a corrective parallel channel. **Price formed a falling wedge and Broke out with a CAB as the right shoulder of the inverse head and shoulder. Also formed a mini double bottom** Im still leaning with the HTF bias to go long. The picture above is a position on the Sydney/Tokyo session at 24:00 GMT that I took. We can see a...

acefxking Updated 

So this week, price is still in a corrective parallel channel phase Im forecasting price to push down to the bottom of the structure and form a reversal at 0.61925 to push higher, however due to news and other events price may shoot up or down fairly fast. So im waiting for the setup to come to me. Im still leaning with the HTF bias to go long. The picture...

acefxking

So this week, price for me is in a corrective parallel channel. Atm im forecasting two possibilities the first is to push upwards from 0.63143 level with a reversal impulse or to push past down that level and to the bottom of the structure and form a reversal at 0.61925 Im still leaning with the HTF bias to go long. The picture above is a forecast on the...

acefxking Updated 

So this week, price for me is in a corrective parallel channel. Im forecasting for price to either push up to break swing high or to retest back down to swing low levels and look for a possible reversal to push upwards. Im still leaning with the HTF bias to go long. The picture above is a forecast on the Sydney/Tokyo session at 20:00 GMT . We can see a HTF...

acefxking Updated 

So this week, price evolved into a bigger expanding structure. Im forecasting for price to push impulsively and correctively to push above recent swing high. Im still leaning with the HTF bias to go long. The picture above is a forecast on the Sydney session at 22:00 GMT . We can see a HTF daily Descending channel with a HTF double bottom as well as a...

acefxking Updated 

The picture above is a forecast for the London/New York session at 14 GMT. We can see a HTF daily Descending channel with a HTF double bottom. Latest price action formed multiple impulse and correction and now were in a larger LTF corrective phase. We can spot a LTF double bottom as well as latest price action like W-style pattern And now I'm desperately...

acefxking

On a side note, NZDJPY and GBPJPY Seem to be the only ones that haven't pushed out so impulsively. Right now price is leaning toward a HTF potential double top. And a penneant-type structure. And as we know, this structure is both reversal and continuation. But my overall bias seems to be leaning toward neutral and usually as a consistent trader its best not to...

acefxking

Price is in a larger expanding structure. And we know that expanding structures are both reversals and continuations. Could we see in the next couple of days and weeks for price to keep pushing down?

acefxking

Price has generally broken out HTF structure which I'm sure we can all agree on. So far price has made a bigger expanding type structure, so for those who want to see what im talking about, ima post another for more clarification Price within the expanding structure is making this parallel structure which could possibly move more down. As we know this type of...

acefxking

For those who don't know much about me, I'm still learning my way around this. So follow me soon on myfxbook journey to see my progression. Anyways, price is making bearish reversal price action on the 1 hourly. Also price has finally reached the previous high to make a potential double top. Within the bearish reversal, we see multi-time-frame structure within...

acefxking

Price is making Expanding structure. Price is making Potential Double Top. Price is potential head and Shoulder pattern plus potential bearish reversal price action. All this combine is good confluence to expect the next impulse drop. Any questions, comment down. :) Take Notes People. You don't need all these indicators. Stick with pure price action.

acefxking

What I'm seeing is a potential bearish reversal impulse. Price is also making a reversal outward expanding structure. Price is potentially in a head and shoulder pattern. To much confluence for me not to enter. Waited for potential entry.

acefxking

What I'm seeing is a potential Double top with a potential bearish reversal impulse. Price is also making a reversal outward expanding structure. Price is potentially in a head and shoulder pattern. To much confluence for me not to enter. Waited for potential entry.

acefxking

Potential Double top plus potential bearish reversal impulse plus reversal expanding structure. Wating for a CAB