Profusion_FX

Profusion_FX Updated 

Shooting star candlestick pattern rejection at the trendline, this area is also where are 50MA is being rejected as well. And finally, this is also the third touch of the current rising trendline (as part of the pattern as a whole) expecting a bullish impulse which should help fill this range inside.

Profusion_FX

Same applies to this pair as our CADJPY trade, although if price can touch this descending trendline first then maybe we can catch an entry from the Third Touch Continuation strategy and look for another short position on the break of the actual correction likewise with the others

Profusion_FX

Expecting a correction to form which should allow us to patiently wait it out, same goes for this pair as we will be waiting for the initial breakout.

Profusion_FX

Broke out of a channel and no seeing a head and shoulders pattern forming, price should drop to the downside and then retrace back to the upside and then fall again. First TP is at the base of the structure. Still waiting for confirmation on this trade.

Profusion_FX

USDCHF approaching a daily support level. I don't think price will bounce immediately, it should break the low and then will begin its reversal. Its a high probability area, looking for consolidation at the support area after the low has been broken. First TP is at the first piece of structure. Still waiting for confirmation on this trade.

Profusion_FX Updated 

Two short trades

Profusion_FX

USDJPY hovering at support, waiting for a pullback to 109. Price should push up and break the high. Price could also continue to the downside by breaking through the low. Just waiting for more confirmation to determine which short trade to enter.

Profusion_FX

Broke above the channel, expecting retrace and a further climb to the upside.

Profusion_FX

Clear channel on 1h timeframe

Profusion_FX

High of a double top, good reward to risk ratio.

Profusion_FX

Downside wedge, looking for one more completion to the upside and then entering a short to the downside.

Profusion_FX

Break and retest of support