


IvanKumburovic
Taking extenstions on confirmaiton as it upside rejection of extenstion could just trick you into position and later on stop you out because it just conitnues to do its corrective thing.
Hello guys/girls , we have very corrective PA from Avgust ... Important thing is to ask from where it came from - it came from impulse So i see this as impulse correction continuation trade We have ascneding channel with three touches , but this is not confirmed yet (at least for my trade plan) so i would wait a bit to see if we could form pattern within...
Hey guys , we have some bullish momentum yesterday , but as you can see price is correcting to the downside ( down trend ) so nothing is changed and this bullish impulse is nothing still.... If price wants to respect trend line and overal down trend it will probably correct next week and drop , eur usd will go Long for longer term soon , but sell short term could...
Entry order below correction for continuation trade 16/20 pips stop loss retest of wick target for 9.7% profit potential
Pretty sure a lot of traders were focusing on this monthly bull flag - continuation to the uspide for the longer term hold (blue circle) But price fall off of that and change direction to the downside... As we can see we are in major ascending channel with falling wedge within it as middle section to push price towards that 3rd upper touch before big short, but...
We have very strong rejection on daily double top which confirms completion of the 3rd touch pattern ( ascending channel) This trade is high probabilty one because it have minor patter within this major patter ... ( Ascending within ascending ) Expecting this to make continuation flag on bottom line for taking sell entry , or on break of this minor...
Eur/Usd Still holding on daily double bottom , i expecting this to break and reject from third touch to catch traders on wrong side of the market... Its high quality probable setup On the other side we could see high quality possible setup for this price at the moment to form descending structure signal to just push up without 3rd touch So in my opinion we could...
Waiting for potential bear flag to form to enter short position
USD CAD Little bit longer wait for Bigger sell ( Possibility ) Waiting for last leg of W pattern to complete ( to the upside ) before drop... this W pattern almost always have smaller M within it , not hard to spot. With that completion we would have 3rd upper touch of this daily hover at the moment ( if not reject on DT ) for big sell.
Oil have , in my opinion , the cleanest form of reversal patterns, and its playng out ! We have ascending wihtin ascedning (double confirmation, stronger probability for drop ) This is definitely on my Watchlist for next week.... First target on bottom trend line , then scale-in and trail stops all the way to low where ascending started.... Even if 1$ per barrel...
I dont trade this markets, but its funny how same patterns plays out in every market 1,2,3 move ( Impulse - correction - impulse) So in this down trend we have ascending channel with 3rd upper touch ( complete pattern ) which giving BIG SHORT oportunity .... Something to think about ;) (Blue line is second target if price break through ascending , which could be...
Ascending with head and shoulders ( not completed yet ) within it... Direction > downwards Big trade this could be
3rd touch ascending reversal pattern Wait for double top or Tl for going short Or for reduced risk entry wait for break of bear flag that is forming at the moment...
Guys do not look at this correction as flag continuation.... its not like one before that was clear bear flag... this is correctiong to downside and forming descending channel we have 2 upper trend line touches on major ascending chanel so i wouldnt be suprised to see one more move to the upside . NOTE : Doesnt have to go to TL, it can reject to double top Be patient
I really like this scoop or double top formations after 3rd touch of double chanles and confirmation of smaller reversal pattern within major pattern... I trade mostly on 1h but for this one 15 min is more precise on upper structure entry, better for manage short on this one.... NOTE: THIS DOESNT HAVE TO GO AGAIN TO DOUBLE TOP OR TL - IT COULD CONTINUE...
LONG TRADE Continuation upside or one more down before going high
Potential sell oportunity Have in mind that nothing is confirmed at the moment at price could continue higher, but Short Sell is probable...
Shorting this pair as a lot of traders are on could wait for a some times as we had 3 bottom touches of descending channel and broke minor descening... My entry is not perfect , i like to enter on 3rd touch on close of reversal candle...but i wasnt on my pc so what can you do.... Order above trend line is triggered so lets see....