We've broken out of a descending triangle and have then formed a wedge. If you're not already in this trade, wait for the break of the wedge to go long.
Wait for a break and close below the neckline. If we break the neckline we'll move to the indicated level.
Wait to reach the entry point of the bat pattern. The targets are indicated.
We have a potential long setup on AUDCHF with two targets marked. Wait for a break and close outside of the structure before taking any positions.
We're seeing a technical formation on EURCAD that is indicating the potential for further downside. In order to enter the trade wait for a strong bearish candle below the structure.
Bias: Short Strategy: Head and shoulders Risk Management: 2% Maximum Wait for a break and close to enter.
Bias: Short Strategy: Symmetrical Triangle You MUST wait for a break and close below the triangle before entering shorts.
Bias: Short Technical setup: Resistance + wedge Risk management: Maximum 2% When we reach the trendline watch to see how price reacts, if we break the trendline continue holding your position as we may see further downside.
We're expecting some downside on CHFJPY. In order to enter the trade we must first wait for a breakout of the triangle. The targets are indicated on the chart. Make sure that you're using proper risk management and your stop loss is placed correctly.
Bias: Short Pattern: Wedge Wait for a break and close below the wedge to enter shorts.
Bias: Short Technical setup: Wedge Wait for a break and close below before entering.
We're seeing potential further downside on EURJPY with a handful of factors that are currently providing confluence. We've retraced to the 61.8 fib level which coincides with our resistance fractal. This is further supported by our downward trendline and what is potentially a wedge that is forming. It is still too early to enter and we must wait for the price...
If we break this wedge on the 4h timeframe shorts will be triggered. This analysis is symbiotic with our higher timeframe outlook and may provide a longer term opportunity that will be conducive for several positions and thus a higher profitability trade. Fundamentally this isn't the best pair to trade if equities continue to suffer but we'll listen to the...
Expecting further downside on NZDUSD. There's more to this setup but our strategy is for our private students.
Wait for a break and close below the triangle to enter shorts.
Wait for a break and close below the neckline to enter. Tomorrow we have USD GDP at 8:30am EST so be very careful. Considering locking in your profits if before the announcement if the trade becomes active or let it run for the potential of larger gains. FREE Telegram channel: t.me
Wait for a break and close below the neckline to enter. FREE Telegram Channel: t.me
Wait for a break and close below the wedge to enter. Watch price action closely when we hit the lower support fractal as it's a strong weekly level. Depending on the price action you can consider closing 50% of your trade and moving your SL to BE or taking all of your profits - it depends on your trading style. The risk to reward on this trade is very good so...