GBPUSD - News pushing GBP pairs on Tues. USD hot all week longGood news on GBP = strong push up
~Always remember to look left!
<--- Q~Q
Forexnchill
GBPJPY has a decision to make! Break low or respect daily TL
~Always remember to look left!
<--- Q~Q
DESCENDING CHANNEL FORMINGMonth long range did its breakout & morphed into a descending channel!
Will the market give back the full 61.8% of the market?
Descending channel = reversals so maybe so!! Manage your positions with care!
~Always remember to look left!
<--- Q~Q
BEAUTIFUL BEARISH FLAG FORMINGBreakout to the downside is to come BUT let the flag finish forming.
Can play positions within the flag - an ideal set up using entry confirmations on lower time frames.
Patterns are like habits - they are repeated
~Always remember to look left!
<--- Q~Q
EVERY DAY COUNTS UNTIL IT FALLS - SO WAIT TIL IT FALLS!2ND hit to the 61.8% resistance.
It may range before it continues the bearish impulse. Want to see the flag form fully (AKA Range in ascending channel) - may take a month to do so.
Will it break the DAILY trend line to continue the BIGGER bearish move?
~Always remember to look left!
<--- Q~Q
SHORTCreated a higher high and expecting another higher high.
Could complete the trek down to the bottom trend line before moving up OR push up then make its big fall.
~Always remember to look left!
<--- Q~Q
EXPANDING FLAG? LONG ON THE HORIZONClear Bullish Flag - possible EXPANDING Bullish Flag.
Is in a critical area of resistance - Lets watch how it reacts here.
It will show a STRONG break to the upside to clear this zone area.
It may range under this zone for a while as it gains momentum for the break through
~Always remember to look left!
<--- Q~Q
RANGING & WAITING FOR THE BREAKOUTBEARISH FLAG!! Looking for a push up before it breaks the DAILY trend line.
If it breaks this line, expecting confirmation for the continual push down.
If it doesn't break the line, look for it to push up to create a higher point before the fall
~Always remember to look left!
<--- Q~Q
CLARITY IN WEDGE PATTERN - BREAKOUT TO THE DOWNSIDE IN THE CARDSHigher lows and lower highs are about to collide! Watch for the breakout
***Could break to the upside before falling
Manage your trade with care until the breakout setup is confirmed on lower time frames!
~Always remember to look left!
<--- Q~Q
It may go UP before it goes SHORT :|57 pip Opening Market Gap breaks the bearish flag bottom channel.
Will this be THE bearish continuation?
Watch for price reaction at key structure areas for your ideal set up and confirmations.
**Patterns are like habits - they are repeated
~Always remember to look left!
<--- Q~Q
Short pattern forming to set up for Long position ?Ascending channel at reaction resistance area.
Watch on lower time frame as it falls THEN makes higher high to retest the Daily trend line.
~Always remember to look left!
<--- Q~Q
Daily shows Short continuation on the HorizonWill this month long range do its breakout?
Will the channel morph into a descending channel?
Will the market give back the full 61.8% of the market?
Buyers beware and manage your positions with care!
Sellers buckle down to enjoy the ride!
~Always remember to look left!
<--- Q~Q
Every DAY counts until it falls ... so wait until it falls!Previous Daily bearish flag hit 61.8% resistance multiple times before continuing bearish impulse.
Will it break the DAILY trend line to continue the bearish move now or later?
**Manage any long positions with care!
~Always remember to look left!
<--- Q~Q
Clear Descending ChannelIn large Daily descending channel after bearish impulse.
Will let patterns within Daily channel give more clarity.
H1 showing expanding bullish flag - lets see if it breaks up AND if the top of Daily channel holds pushing price back down.
~Always remember to look left!
<--- Q~Q
LongClear Bullish Flag.
Strong bullish break of flag to up side on lower time frame - need to watch and wait for correction to confirm continued push up.
May fall back into flag, do 1 more push down to retest resistance zone area or retest bottom of flag channel before breaking out to up side.
~Always remember to look left!
<--- Q~Q
