Price might form Double Top to respect Daily uptrend channel. However, the Weekly downtrend channel might pull strong force to the North. Wait until price shows its intention. Follow the Weekly force and therefore wait for North wind.
Potential Double Top on 1H chart inside the channel. Go to 15m chart of possible early entry, Or wait for break of channel to form continuation correction after an impulse to the South.
Price has broke to the South from 1H inner and outer correction phase. Get on the South train now or wait for the next correction phase break out as laid out by yellow path.
Be on the look out for break out of the channel to the North to respect higher time frame (Monthly) channel. For tight entry, on 1H time frame, look for break of recent channel followed by correction phase. Enter at the break out of the correction phase.
Price has shown it intention to go further South by breaking 1H correction phase. Enter sell limit order on previous 1H support for better reward, or just get on board! :)
Price has gone back up to the North for potential Double Top. Be on the look out for impulse to the South followed by a correction phase. Enter selling at the breakout of the confirmed correction in a lower time frame (15min or 5 min).
There is still a bit of room towards the top Weekly downtrend channel (purple lines) before it starts moving to South respecting the channel. After short correction period, price went back to where it broke. We can make use of this as opportunity to enter the market going long to the next Monthly resistance (pink horizontal line) or top Weekly channel (purple trend line).
Overal Monthly/Weekly trend is up as shown in the uptrend channel. Price has reached the top channel and broke out the inner channel in 4H chart. Price is now on correction period as shown in 4H chart. Price might come down to Monthly support (pink horizontal line). Break out of this correction period to the South can be good profit. Stop order below the lowest...
Price has shown it's initial intention to go South. However it seems hard to break it's Daily support. Wait for the impulse move to the South and confirm the intention in the smaller time frame and look for good entry after correction (yellow circle zone).
Price is still hovering between Monthly support and Daily resistance. Wait for impulse move either towards the North or South. Execute market accordingly after this impulse and correction cylce.
Price is reacting to its Daily top channel line (blue trend line) and showing its initial intention in going South. Wait for next impulse to the South by breaking the Hourly bottom channel line (white trend line) if you're looking to sell opportunities.
Seems like the market is continuing its correction/accummulation phase around the Daily support zone. This has been going on for a few days now so it's only a matter of time price is going to show it's intention. Most likely it's going to continue it's initial intention to the North as the Weekly channel has shown (purple lines). But let's be patient and see.
Look for another pullback into the sell zone as indicated with white rectangle area. SL = 1 ATR above highest recent high TP = 1:1.5 SL, or to the next Daily support
Get ready to look for Double Top to sell back to the Monthly channel (pink lines). SL = 1 ATR above highest recent high TP = 1:1.5 SL, or to the next Daily support
Price is due to respect the Daily channel top resistance to go back South. Wait for Double Top formation to enter the market. SL = 1 ATR above highest recent high. TP = potentially all the way to Monthly support.
Price has broken Daily consolidation resistance and showing its initial interest in continuing the ongoing Montly consolidation. Wait for price to pull back into Daily support zone (blue area) and for price action before entering the market. SL = 1 ATR below the lowest recent swing low. TP = Monthly resistance (pink area)
Last week, for 3 days (15-17 Oct), bulls and bears are showing equal strength. Wait and see who wins the game before taking an advantage of the remaining losing force on the pullback (at retracement) before entering the market.
Channel provided by Daily (blue trend line) and Monthly (pink trend line) trend lines gives the indication of reducing Bullish power. On top of that currently price is on Monthly resistance zone. This shows good chance that price will go South. Place Trend Catcher (TC) stop order at Friday's low (5 pips lower) to catch the price move to the South to the next...