As I continue to learn about forex and patterns I stumble upon this weird looking triangle. I am monitoring price closely price could be in a period of consolidation and could breakout or breakdown.
I see an upward trend forming within our major trend which could be indicative of where price/the market wants to go. Price might decide to break through this channel to the side for a short term BUY period and then revert back or break through to the downward and continue with my original bias. Worst case scenario could be price might decide to do NOTHING,...
Planning to go short post rejection. Minor indication that price might revert to the downside however the daily and Weekly chart indicating long term BUY. Plan A - Go short post rejection on the first resistance level Plan B - Wait for rejection on the second level then buy the pullback
Still undecided. Waiting for at least 2 more candlesticks to direct me where I could place trade however price is toying with me. Plan A- Wait for price to make a few more moves maybe trend downwards? then I'll place a SHORT entry Plan B- Seeing that it's a trend within a trend price might decide to go up? Let's wait and see!
Very choppy structure. Looking to go short when price/market gives a SOLID signal of where it actually wants to go. I am also wondering if this is a bear trap? If not I will go short when price breaks through the support level.
This is where I currently stand. Pair has been respecting structure very well. To review position tomorrow and if it continues to keep its structure then I will go short if not I will look for another setup.
Newbie analysis. Looking at this pair I noticed that it has been respecting the trendline structure fairly well. I went long yesterday and it turned out great, so right now I am waiting on price to make a few moves before I confirm my entry. Please note that I mainly trade market structure and trend, I just recently added the EMAs and the RSI to compare... Open...
Newbie analysis. I have been trying to work on my entries because WOW... Anyway, USDCHF has been respecting structure and appears to be in a somewhat range, and because of that I think it will fall to the trendline or lower. Open to suggestions on how I can improve and how I can clean up my charts a lil"
Newbie analysis. Generally I find it to be one of the pairs that respect structure on a good day. Respected all the zones or areas I marked and trending fairly well. For that reason I went short. Still working on my entries as I tend to enter too early. Open to suggestions on how I can improve and clean up my charts a lil'
My longterm bias is long as price has been respecting structure well. At the close of the week I noticed that price had a trend within a trend that was moving/trending up with higher highs and higher lows. I expect price to finish it's lap to the upside to test the major resistance level before moving back down. To review position tomorrow. Open to suggestions on...
OANDA:AUDJPY Market/price trending up. Price is respecting trendline structure, longterm bias is long. Price might retest the trendline support then move back up however I will be looking at how the price/market moves before placing a BUY trade. Trade will be valid if the price continues to respect the trendline and continues in an uptrend amongst other...