We might be looking to head for that third touch and most importantly if we breakout we buy harder till our 90% rule on each and every single channel we see ( from the smallest structure till the biggest )
Patience and having the ability to consistently adapt while trading is really a trait one has to practice and slowly get used to doing on each and every trade and plan going into a new trade/week/day as you and extra step ahead of market and an extra level of confluence on why you are taking a certain trade or looking for what to happen What do I mean by...
Adding to @theboyCODY s idea of GU I totally agree with longs because 9f this double bottom and is being at the beginning of the structure. TP 1.3834
Our expected move has completed and we are at about where the channel started, we might potentially see some rejections here around 94.595
We are holding quite nice profits and my SL is adjusted to take risk off the table. I'm thinking to myself if we can just reach the neckline (purple zone) we can adjust our SL to start protecting our profits.
think we might be heading down on DAX because we have had a third touch on the trend making our risky entry available for us, TP : 15613.29 if we breakout we are looking to go all the way towards our 90 percent rule
We might see another impulse towards the upside after we have cleared this correction phase, what do you guys think
seeing a potential inverse head and shoulders pattern on Silver, we are at the right shoulder right now looking to head up towards the beginning of our channel ( 90% rule ) first TP around 26.000 second TP around 28.656.
Us30 on a closer look we might continue heading down if we breakout of this correction and impulse towards the downside, apply 90% rule to all channels / pattern smaller and bigger versions of each
Dax on a closer look we might continue heading down if we breakout of this correction and impulse towards the downside, apply 90% rule to all channels / pattern smaller and bigger versions of each
We might potentially say we are in a channels within a channel of ascending channels and I'm heavy looking for shorts on DAX, 5 pips below the breakout of the smaller channel we might want to open shorts.
Or we can wait for this potential inverse head and shoulders to reach the right shoulder then we can treat that as our first phase. Second phase : we breakout now and head straight to the 1.42631 ( 90 percent rule )
Pattern : Ascending Channel I'mooking to execute the GBPUSD trade if we do see price on DXY breaking out towards the downside I have to TPs on DXY which if we complete the second move then I'll look for more opportunities on GBPUSD and EURUSD
As we wait for DXY to breakout we can also say we should wait for gbpusd to breakout first then we can our reduced risk style of entry and we are heading to our 90% rule which states that all channels are most probably gonna end where they begun in this case being 1.42631
TP 2 HIT 👍🏿 Congrats if you held till TP2, keep adjusting SL as we keep moving up. So far we have hit two our of three TPs and I'm thinking of of closing all trades and enjoying profits
This ascending channel pattern hasn't broken at all and I'm still bearish on DXY after we retest the 94. 595 zone to hopefully create a double top then we can dive down and hopefully head all the to where our ascending channel patter started which is around 90.000
We might have a another chance at a reduced risk entry on longs on the pair, we seem to still be inside this descending channel which is a reversal pattern towards the upside. What do you guys think? also remember our 90% rule (1.19697)
We might have a another chance at a reduced risk entry on longs on the pair, we seem to still be inside this descending channel which is a reversal pattern towards the upside. What do you guys think? also remember our 90% rule (1.19697)