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Correctivestructure

RE-ANALYSIS IN EURCAD - 2H CHARTHi Traders, I wanted to share this Re-Analysis of a past idea I published. If you want to check it out the past idea is linked to this one. We are still analyzing the corrective structure. In a first beginning it looked like a converging flag and we expected a move up but it went out of structure and now we can identify perfectly that we are getting a corrective Flat. Short term is a buy, it could either make a Running Flat or brake the top to become an Expanded Flat. Afterwards we will get a sharp impulse down. If you want to buy wait for a corrective structure where the arrow and then buy breakout. I am very interested in the downtrend move since it's the big trade. Carlos
by ccerezo11
2
UPDATE ON EURJPY - 1H CHARTHey Guys, We are on the long term trade already, saved with the stoploss to brake even, so we don't worry about that one anymore, we just let it work. Now we are finally getting a new buy setup. Trade the breakout of the flag and you can look for a nice trade to the upside. Our goals is still to break the whole structure (Green lines) and keep the trade. There are chances of a Flat correction ABC, I drew the lines of the different moves it can do. Let's see what happens. If market overlaps last resistance and goes out of upside trendline then the buy is invalidated. Carlos
Long
by ccerezo11