HTF descending channel reach an area of value and reverse also print out LTF continuation correction/bull flag. TRADING PLAN IS YOUR TRADING NAVIGATION.
HTF we've descending channel + double bottom for reversal. If we zoom in to LTF we see continuation pattern bull flag + extended w pattern or double bottom to push market up. TRADING PLAN IS YOUR TRADING NAVIGATION
HTF currently we're in a corrective move where as I can say its a print out of a RS because we're printing out a clean Inverse H&S. HTF we also have impulse followed by a continuation correction/bull flag. If zoom in to LTF we've clean sell continuation correction to complete HTF correction. TRADING PLAN IS YOUR TRADING NAVIGATION.
XAUUSD is moving in a descending channel. From where the price is we might see a pull back and break the channel going to the up side .To take the long trade wait for the break of the channel and a lower time frame correction for confirmation.
Lets all try to read carefully the messages that the market sent us. Now its printing out the same pattern like the previous one it won't be exactly bar to bar but the structure itself is telling us something or what the market is gonna do. TRADING PLAN IS YOUR TRADING NAVIGATION
1D we're in a corrective move where traders are advised to relax and watch how market is gonna play. So lets see how many pieces of evidence we've now to support our trades 1st impulse down + impulse up followed by a continuation correction/bull flag not enough to execute a trade. TRADING PLAN IS YOUR TRADING NAVIGATION
1W we've a falling wedge with 3 bottom touches now. Inside the wedge we've clean and pure price action they say HISTORY TENDS TO REPEAT ITSELF yes we've patterns that we've seen repeating for years and years. Currently market is printing out a pattern/move that it once does giving us a right direction of where it is heading next. TRADING PLAN IS YOUR TRADING NAVIGATION
More pieces of evidence to support your trade now we got H&S pattern on top of rising wedge and double top. TRADING PLAN IS YOUR TRADING NAVIGATION
Get more pieces of evidence to support your trade don't just jump in without better confirmation better late and be right than be early and be wrong. TRADING PLAN IS YOUR TRADING NAVIGATION
HTF we're in a corrective that might be a continuation correction for sell. If zoom out to 4H we've a rising wedge/channel resulting in bull trap to an area of value also a psychological level now we need impulse down followed by LTF continuation correction to confirm our sell entries. TRADING PLAN IS YOUR TRADING NAVIGATION.
Make sure you get more pieces of evidence to support your trade. Ascending channel to an area of value resulting in extended M pattern/double top. Lets wait for more confirmation like impulse down followed by LTF continuation correction/bear flag to confirm our sell entries. TRADING PLAN IS YOUR TRADING NAVIGATION.
Market has sent us a very good message it breaks all the previous highs just to wipe up early sell orders but now its printing out what I'm looking for rising wedge to an area of value resulting in extended M pattern/double top now its dropping impulsively we need to wait for LTF continuation correction to confirm our sell entries. TRADING PLAN IS YOUR TRADING NAVIGATION
Still investigating my DXY case but very soon will know the truth. 4H we're in a corrective move but as we can see its a continuation correction/bull flag so I use Fibonacci to see where we can have a 50% retracement/correction so I mark my POI. TRADING PLAN IS YOUR TRADING NAVIGATION.
Tracking down DXY now its showing us BUY prints. We've clean descending channel to an area of value resulting in double bottom and remember its also a crucial area on HTF. TRADING PLAN IS YOUR TRADING NAVIGATION.
Clean SR zones crucial area where the price is now. I'm gonna drop more analysis so that we can figure out DXY's moves.
Traders I don't have much data but with what I've I figure out something. DXY used to correct for about 5+ years and 1 year impulse so 2021 to 2022 it was impulse season so now is the genesis of correction for about 5+ years. TOP to DOWN analysis will post 1D & 4H and see what we've. TRADING PLAN IS YOUR TRADING NAVIGATION
My indicator for all JPY pairs aka JPYX Currency Index is printing out a good BUY setup where as it'll be good SELL setup to JPY pairs. We've falling wedge to an area of value resulting in double bottom. So we need to wait for impulse up followed by LTF continuation correction/bull flag to confirm our buy opportunities. TRADING PLAN IS YOUR TRADING NAVIGATION
Once post an analysis predicting its move to the up side now it's fulfilled. Double Top formed we need LTF continuation correction/bear flag to confirm SELL entries. TRADING PLAN IS YOUR TRADING NAVIGATION