Hello traders:
I am paying close attention to GBPUSD now to look for the bearish reversal price action.
Looking at the higher time frame, we can see the price has been in this larger, deeper ascending channel, correcting the price.
For a period of time the price is somewhat erratic and no structure is formed.
However, the latest price action shows us...
Hi traders:
Looking at USDCHF here for the bearish price action to continue.
We see price has already made the impulse down, and begin to form a channel/flag correction.
Price continue to correct within the structure, and we see a recent double tops, before some bearish price action happened in the LTF.
Look for further bearish continuations correction to...
Hi traders:
Most of the AUD pairs are bullish, and I like AUDCAD's price action that broke the previous higher time frame swing highs with a continuation price action.
We can see price formed a flag like structure to push up the price from previous highs and continue higher with TF impulse.
Latest price is showing us LTF consolidation again, good indication...
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Hello traders:
Looking at GOLD now for bullish price action opportunities.
I have been looking at GOLD for quite sometimes now, and waiting patiently for a HTF correction completion.
The current flag/channel correction seem to find a double bottoms, and we see bullish impulse phrase on the LTF.
The latest price is also in a descending channel structure,...
So check out my previous post on TESLA (8th Feb) , I said we were going to start breaking down. Now the final drop will be timed with the drop in the sp500 this week. Are you already in Ninja's?
Waiting for the MACD divergence on CRSR to finalize then will enter Calls. Nice channel up, above 200EMA and Signal line below 0 ready to cross, pin bars forming and if you through the bollonger bands on also pinning off the lower band as additional confluence... Confirmation in TRND bot buy signal sent to my phone will enter.
If you like the idea be sure to...
CADJPY on the weekly has broken out of the major descending channel (See below) so right now we can anticipate a pullback back to retest the channel and the ascending trendline. Watch for break of the smaller ascending trendline a form of retest before entering.
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CADJPY on the weekly has broken out of the major descending channel (See below) so right now we can anticipate a pullback back to retest the channel and the ascending trendline. Watch for break of the smaller ascending trendline a form of retest before entering.
Find this helpful? Give it a like!
This week I am looking for CAD weakness and just so happens that CADCHF is in the perfect area to short. It's currently rejecting the channel resistance and the 786 fib.
Risk Entry: Short now and stops above the channel
Safe entry: Wait for break of the trendline and zone marked and await retest
Do make sure to leave a comment and a thumbs up if you agree! Trade safe.
