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Falconstyle

EURAUD - Buy setup almost readyEURAUD is aprroaching the bottom of a HTF ascending channel structure in corrective approach while forming a Falling Wedge in the process. It’s signaling for a move back to the top of the channel. So far, it has give a really good momentum to the upside. I will now anticipating the price to form a corrective structure. Any break from any bullish continuation pattern now will trigger my buy entry with sl below the corrective structure with target up to 1.68000 Lets see how will this pait play out. Good Luck
Long
by moa_trading_journal
NZDJPY - Big short sell opportunity almost readyLike I said before i’m anticipating for a big bearish move on NJ when it reached the top of daily ascending channel. However, as I said, we must never take any short trade blindly but to wait for the market to give us any confirmation because the price reach this area in impulsive leg. After that, thir pair continue to move upside seems like breaking the ascending channel structure. However, I never changed my bias and still looking for a short sell entry. I’m already anticipating this kind of fake move because it’s a typical market nature to catch people on the wrong side. Now, that the price has broken back into the channel, the probabilty of this pair will go lower have become higher in my opinion. I will now just anticipating the price to form a corrective structure. In high probability area like this, even small corrective structure Any break from any bearish continuation pattern now will trigger my short sell entry with sl above the corrective structure with target up to the low of the descending channel and can even go lower depending on how the market reach that area. Massive reward available in front of us,. Lets see if we can capitalize it or not now... Good Luck
Short
by moa_trading_journal
1
Short-term Sell on AUDCADOverall LONG trend on the pair that needs to be supported by a short-term sell for the rally to continue to the upside. Market printed a 'W' formation on the Weekly and the SHORT is based on the retracement to the neckline of the structure. Confluence is further supported by an increase in LONG contracts of Hedge funds in Canadian Dollar, strengthening CAD and more SHORTS and weakening of the Australian Dollar. FOREXCOM:AUDCAD Target areas: SL: 0.94300 TP: 0.88950
Short
by TuksFx