Harmonc
EURUSD Short then LongImpulse Retracement after downward breakout from pennant atleast upto 0.618 retracement.
Long positions onwards from 0.618 of impulse leg with a break from channel upwards.
An opportunity for the CAD bears.I wanted to join the trend long ago, but, coulnd't find any opportunity that fits into my trade plan.
This one presents a different story, we got a potential great looking bat forming just at the previous structure level, also we got a AB=CD pattern completing in the same area as the 1.618 ext from C-B leg.
Great looking RR if we enter just @0.886 retracement, but because i'm long biased, i'll scale to enter the position see how this one plays.
Good luck traders.
CTS trade on USDJPYHere on the USDJPY we have a cluster of technical indications that the market wants to go up a little before continuing the downward momentum that we have had recently. This is a counter trend trading opportunity so i do not anticipate a complete reversal at this zone but only a brief retracement back up into the most previous resistance level. Hope you found this post to be educational and best of luck on all future trades!
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