


SHAQZ
have been waiting for this move a while now if you have been following my Uj ideas and price is already dropping after retesting the level will look to grab ahold as market open
Price retesting broken level and formed possible head and shoulders will look for the break of the neckline and close on h1 or H4 to enter short
if Price does not form a double top i suspect it will give us a third touch before going down
im seeing price respect a previous level where it shot down and its approaching it in the form of a correction looking to see price retest the level and form a double top the go down
we can see price respecting the small trend im anticipating price to touch the bigger trend and then play to the upside
Eurcad gave the impulse move and on the 15m made a sort of correction looking for the next impulse to the highs
with the currrent ongoings off this pair i can see the start of a consolidation forming we can grab some pips
Gold gave a double bottom price broke previous resistance now testing that resistance to make a new support looking for long to next resistance
we see the cycles of the market playing out from trend to consolidation in the form of a potential inverse head and shoulders should price break the neckline and close over it we should see a third phase of the market in the form of a impulse will wait for the close above the neckline
Update on this idea has not changed price did not shoot down but has started correcting in the form of a wedge will wait for the break and close below the level highlighted in purple to enter this trade
i have updated the supply zones on gbpjpy and i have entered the trade
will set afew buystops to catch a impulse move if price decides to retest highs
price is currently correcting to a supply level will look for bearish signs at that level
Price retested the broken zone and gave bearish signs we need price to break the support level to give us clear indication of going down but the signs are there will set sell stops in place to catch the move down
Price is squeezing to a point yesterday the head and shoulders failed to form and we pushed further to the downside 1 price is stretched 2 price keeps forming these potential reversal signs which indictates price wants to retest the breakout of the bigger timeframe 3 we only use buystops to catch the move if it happens as we are trading we do not know for certain...
looking for the retest of the bigger day trend price moved up now making a sort of correction will have buystops in place to catch the impulse
double top or signs of rejection yesterday price failed to make the head and shoulders will set a sellstop and sl @ 30 pips