USDJPY 60m, higher edge of a 4h triangle. Wide DT, possible 3rd leg of a wedge. The last bull bar in a trend closed below the mid point. 4h:
Wide Double Top with bar 1. Strong bear bar closing on its low. 50% point breakout. Double top and another lower high double top on 4h chart. Reversal bar, with a tail on top, although bull body remained. Sellers created a strong momentum during the last 2 hours - if the current bar closes near its low, the reversal will be proved. Green line is a 1:1 target.
USDCAD reached the top of a broad bull channel. Big bear bar closing on its low. Targeting the second measured move around 1.330.
The price tested EMA above and reversed strongly from it. Bear flag and a strong bear bar on 4h. A 3-push wedge on Daily (see chart below). Yet, the current point is a 50% pullback from the last bull trend and a test of the long-term trend line. I´m setting a tight stop just beyond the bear flag max and a respective small 1R target. Also staying short UCad at the...
A wide Double Top. Several bear bars closing on their lows. Swing short. R/R 1:2. Targeting 1.5644.
TR top was a respected 50% PB from the prior bigger bull leg. Also long-term trend line below still remains intact. Oct 26 low is also a possible target if bears don´t lose strength.
AUDCAD 60m failed BO below March 14 High. Lower edge of TR with a big bull bar closing on its high. Went in for a scalp but generally it looks like a bull flag in a huge bull trend. 4h chart:
50% PB from the low of the prior bull trend. Small Double Top near that point. Expecting a scalp here.
USDJPY 60m. There is a Double Bottom now but the bearish move has already went much below 50%. Several bear spikes and failed bull attempts to go up on 60m. My target for a short here is the beginning of the prior bull channel and then a test of the longer-term trend line. 60m chart:
3-push Wedge and micro higher high Double Top Major Trend Reversal. Failed Breakout, couldn't go above the bull channel. That ended up as a bear bar closing on its min and leaving a decent tail on top.
UJ is within a bull channel that can be drawn differently than the one on the chart above: it has had 3 attempts to reverse, enough for bear scalps. I´m expecting a Double Top with Oct, 3 high. What may cause doubt is that the bull channel looks like a 3-push wedge. If so, the orange trend line shows an end coming for the bulls. Besides, most bull channels end...
Micro Double Top Major Trend Reversal. Several consecutive bear trend bars. Open gap down. Enough at least for a scalp.
EURAUD returned to the mid of the channel after forming a double bottom. For now it remains within the channel while the bear pressure is still considerable. Micro double top when testing the channel´s mid. 4 consecutive bear bars closing on their lows.
EA is within a broad bear channel. Wedge of 3 reversal attempts. Nested Double Top Major Trend Reversal.
The price is right at the 50% pullback from the previous leg down. Wide bear channel and we are on the bottom of it. I`m expecting a breakout of the current micro double top and higher. 40% probable.
NU broke out from the double bottom with 2 decent bear bars closing on their lows. Broad Bear Channel so a major pullback upwards from the current channel line is possible. If the bull pressure grows, I`ll close the trade immediately.
50% pullback from the previous major bull trend. Reversal bar with a long tail on top but a bull body. The first relatively big bear bar in recent 10+ bars closing on its bottom. 40% swing trade. R/R 2:1
See the video for a more detailed description: 50% Pullback LH DT bear flag A big wedge and a smaller one within it. I have a short opened at 1.6230, Stop: 1.6286 TP: 1.61830