We have an ascending reversal play within a Horizontal continuation correction ,With these types of plays I often wait for the correction after the breakout for the entry but as the ascending structure isn't too deep I'm comfortable with the Breakout entry as my SL is one I'm comfortable with.
Looks Like We may have another Descending within a Descending play, so far The potential descending within the larger structure is not yet complete, we need to see at least two swing highs and two swing lows, depending on the swing low, we'll determine which entry we should take. whether a Risk entry or the LTF Correction after the breakout.
We took profits on the first push up this week, now we're looking capitalize on the next leg of the impulse, All we have to do is to wait for the correction to complete. I'm comfortable with all types of entries on this play whether Risk entry, breakout entry or a LTF correction after the breakout entry.
We've had a Deep Descending correction for a while now, from which we've just broken out of and it looks to be creating another separated descending correction which strengthens our reversal bias and it also give us a cleaner entry which we should be able to spot. A clean LTF correction after the breakout will be our entry. Similar to EURUSD.
Potential HTF Triple bottom, but we're focused on the recent PA, we have a Descending structure within a Descending Structure, waiting on the Correction after the breakout of the inner descending for the entry, looking to take it all the way to the upside.
Potential Reversal play within the HTF Ascending Structure, the ascending within does not look complete yet. Will only take the Correction After the breakout (CAB) entry on this, no risk entry.
We have An ascending Structure within a larger Ascending structure, Price looks like it may be forming a HTF "M" style pattern but the sell off may come sooner, that's why the focus is on the the ascending within and when it completes. Looking for tight LTF correction after the breakout for the entry.
We had a larger Descending Structure from which we broke out of creating a new descending structure from which we just impulsed out of, Now were looking for the Correction after the breakout to complete so we can take it as an entry for the reversal. This play is a textbook example of Pattern Seperation.
We had the reversal play we were looking for, this previous week but it failed to breakout of the larger Descending Structure, Now we looking to see if the same type of descending correction will happen again, if so we'll look for the Correction after the breakout entry.
Looking for a potential reversal play, as it looks like we are creating a HTF Continuation correction, If so this reversal play would be at our third touch of the Support trendline. Want to see the descending within complete then take the Correction after the breakout of that descending.
Potential "M" Style forming. Waiting on the push down then the LTF flag for the entry.
We have HTF Descending structure, patiently waiting for this structure to complete and if we get a LTF Correction after the breakout for the entry.
On Dow it looks like the HTF Bullish continuation correction may be complete, we had similar Price Action on S&P 500 two weeks ago, This coming week I'll be looking for a LTF correction after the breakout for the entry to keep going up. Not really interested in sell setups unless we get clear confirmation that the structure may not be complete.
CHFJPY is very clean, I like the HTF Structure and that it looks like we are currently making a HTF Bearish continuation correction which would confirm our reversal bias. Not in a hurry to jump in want to see the structure develop a little more.
On the HTF we have an Ascending continuation correction to the downside, so Price at the current moment has a bullish bias so we don't want to go against that. Within structure we have a Descending wedge-like bullish continuation correction, there were a few possible entries breaking out of that structure but they didn't play out as we would have liked, however we...
Price is in a HTF Continuation Correction, Very clean from a Multi-timeframe perspective. One to keep checking every week for the breakout and LTF Flag entry.
Took a breakeven trade on my first entry (Circled), Since the bias is still intact and PA gave us another corrective phase I'm looking for another entry. Looking for something similar to the first entry. so If we get a LTF flag after the breakout. I'm happy to take to it.
Not interested in the potential flag forming within this ascending structure but if we get a clear LTF correcting after the breakout. I'm more likely to take it unless the other JPY Pairs are cleaner then I'll choose one from all of them.