GBPJPY is approaching an area of value in a corrective manner (Ascending channel). If the third touch holds I'll be looking for an impulsive move downward followed by a 15min flag continuation pattern, with a verified entry signal at the Top of the flag (Risk entry type) or a Breakout and retest of the flag a (reduced Risk Entry type).
The recent price pattern based on the 4HTF, is a bullish continuation pattern (Flag). Price has been moving sideways in a corrective nature, what this shows us is that price is about to begin an impulsive move to the upside. If we see a test of the lower dynamic trendline of the pattern at the area of value.Then we prepare to be tagged in. I will be waiting for...
NZDUSD is approaching a resistance zone around 0.61588 , taking a look back we see how the continuation pattern( bear flag) and in conjunction with the economic news release on NZDUSD last week played out in favor of the bears. Recently the pair has an overall structure to continue in its downward trend. So we may see a test of the resistant zone. If the...
As predicted on my last Forcast, Price broke out of the channel impulsively this is a momentum move from the bears. I'm waiting for a 15MIN continuation pattern before the next impulsive leg. So we may see price to retest the 15MIN resistance level close to 0.61110 before continuation in the preceding direction. if you found this helpful please support your...
Hello folks, OANDA:NZDUSD is one of the pair I have on watchlist this week. NZDUSD has been trading within an ascending channel since . Price recently tested the 1HTF supply zone at 0.61584, a potential resistance zone. From Daily Timeframe: The pair is currently in a consolidation phase following a downtrend. We're expecting a continuation of trend on this...
EURCAD recently broke out of a wide-ranging consolidation zone between 1.4400 and 1.4650. The breakout was followed by an upward impulse move, reaching a high of 1.4620 before pulling back slightly. The current price is testing a key resistance level around 1.4570. A rejection at the current level could lead to a pullback towards the previous support area around...
GJ completed the validation of the double top pattern on the daily time frame, Showing that the bears are ready to take over has the previous day closes bearish, we may see an impulsive move on OANDA:GBPJPY with this in mind I'm anticipating the formation of a continuation pattern to prepare me for opportunity to short the pair. If you found this helpful...
Happy New Week all, One of the pair on my watchlist this week us the Euro/Kiwi. From a multiple time frame perspective, on Daily TF we can see an overall bullish continuation pattern, inside thus pattern price has made an impulsive leg, followed by a correction which is more visible on the 4HTF, and 1HTF as a descending channel. This above signifies that a...
The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:GBPJPY is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:EURUSD is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
On the higher time frame, the overall structure is Bullish, narrowing down to lower time frame, we can see our price was trading in an ascending channel and moved out down to it basement. To a support level that was respected. Currently price has moved impulsive and it's in a correction phase in form of a tight flag pattern (an opportunity for a long trade)....
From 4HTF OANDA:AUDJPY is showing an overall bullish bias ( Bullish flag pattern). Currently on On 1HTF we've an overall bullish bias also( Bullish flag pattern but not fully formed)Waiting for the validation of the second touch before going long on this. If you found this helpful please support your fellow trader with a like
Previously price respected the resistance zone making it first touch of the , thereby validating it. Currently GBPNZD price is moving to make it second test, we might see a corrective test as it behave in the first touch. Price will fill the wick @2.02631 . My target is to Price 2.0145. If you found this helpful, please support your fellow trader with a like.
In the areas where the market is sideways and oscillates between the bottom and the ceiling, or ascending channels or descending channels, the chart can be divided into 4 parts, and in the bottom or the lower quarter, look for the entry trigger for the buy transaction, and in the upper quarter, look for the trigger. It was sold for trading and we do not do...
Price is possessing a correction characteristics currently I'm anticipating for next impulsive leg, so I'll be considering A Risk entry type at the top of the bearish flag structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your...
Price broke out the bigger pattern but there's no progression,then price closed below followed by a tight bearish flag which signifies a continuation to the downside. I'll be considering A Risk entry type at the top of the bearish flag structure at an area of value. Share your thoughts in the comments and show your support for the idea by liking it. Thank you...
Currently on GOLD/US DOLLAR price is in it correction phase in the form of a bullish flag pattern. Anticipating for the next impulsive move which will be equalivant to the flag pole. I'll be considering A Risk entry type at the bottom of the bullish flag structure at an area of value.
After the impulsive leg, price start to consolidate printing a bearish flag continuation pattern. Anticipating for the next impulsive movement. I'll be considering A Risk entry type at the top of the bearish flag structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your...