- AB-CD pattern - Fib confluence - Resistance from previous structure
- AB-CD pattern - Resistance from previous structure - OB RSI
- Break of descending trendline - Strong push to the upside - Pullback - Waiting for a deeper pullback - Or a strong break out to the upside
- Break of ascending trendline - Waiting for correction to prev structure and fib level
Break of descending trendline Double bottom Waiting for a correction to buy breakout.
AB - CD pattern Support from previous structure. 61.8 fib retracement. 127.2 fib extension. Oversold RSI Waiting for entry confirmation.
Break of descending trendline Correction Break-out Target at previous structure
Scenario 1, price moves higher - breaks short term descending trendline, wait for pullback, entry at break-out. Scenario 2, price moves lower - breaks long term ascending trendline - wait for pullback - entry at break-out
This is a short term trade in EURAUD , after breaking the ascending trendline , we believe that momentum would likely continue to the downside, therefore we will be sellers if price moves to the 1.61484 level.
This is a short term trade in EURJPY , after breaking the descending trendline , we believe that momentum would likely continue to the upside, therefore we will be buyers if price moves to the 122.896 level.
This is a short term trade in AUDCHF, after breaking the descending trendline, we believe that momentum would likely continue to the upside, therefore we will be buyers if price moves to the 0.68639 level.