Price is about to break the double top at the 151.468 area in which we can expect a change in trend. The market is more than likely to float around the area to catch traders on the wrong side of the market. The plan is to wait for a strong impulse to the downside on the 1h, followed by a continuation to take short.
EUR/CAD is approaching the double top area at the 1.49381 in which it is more than likely to continue higher to convince traders that it will continue to catch them on the wrong side of the market. I will be waiting for price to convincingly push down on the 1h and give a flag continuation to take short.
Price is in a prime area to move to the downside. We have price breaking above the high at the 135.113 area with an ascending channel and now we just need to wait for a solid impulse to the downside on the 1h timeframe, followed by a 15m flag continuation for a reduced risk entry. There is a possibility that price comes back up to fill the wick / convince more...
What a beautiful trade on EUR/USD. We had on the higher timeframe an ascending channel rising to a double top in which price broke above to catch traders on the wrong side of the market and pushed to the downside. We got a nice two touch continuation in which I took a risk entry on the 15m timeframe after the rejection. We knew to expect downside on this pair as...
AUS200 is still in the run to the upside in which we can except another large flag continuation to form. I will be waiting for a push up on the 1h followed by a 15m flag continuation to take for a reduced risk entry to the upside.
Price on the DXY is currently sitting at a key area in which we are more than likely to see bullish momentum kick in meaning we can capitalize on shorts on EUR/USD. We have an ascending channel rising to a double top in which price broke above, trapped traders on the wrong side of the market and washed out the orders hence why we got the retrace candle on the...
The DXY has broken the low and retraced the previous candlestick signaling the bulls are in which means we can capitalize on $ related pairs, especially EUR/USD in the coming weeks.
This week looks prime for AUS200 as we have a larger continuation forming pulling up to a hook point that is sitting just above the structure. In this particular scenario, I will be looking for price to break above the high to catch traders on the wrong side of the market, followed by a push down and flag continuation to take for a reduced risk entry.
One of the pairs that I have on my main focus for today is GBP/AUD. We have price expanding to a hook point with an inner ascending channel. Due to price being a larger D/4H structure, I will not be looking for a risk entry as that would increase the risk on this trade. What I will be doing to lower the risk of this trade is to wait for price to break above the...
Hey Everyone, Hope everyone is doing great and prepared for the week ahead. Last week I took two trades, one on EC (+3%) and Oil (+2%) resulting in a total of +5% for the week. This trade was a textbook two touch flag continuation trade out of my trading plan. The higher timeframe was pointing to the upside as we had a daily expanding continuation, 4h bullish leg...
Hey Everyone Last week I took two trades, one on AUD/JPY in which I banked +4.65% and a trade on GBP/CAD in which I took a -1% loss netting +3.65% for the week. Price has pushed up from the previous continuation structure and formed another pattern in the form of an expanding pattern to continue higher. We got a small descending like structure leading up to the...
Hey Everyone Last week I took two trades, one on AUD/JPY in which I banked +4.65% and a trade on GBP/CAD in which I took a -1% loss netting +3.65% for the week. Price had pushed to the downside impulsively and has made an expanding pattern to continue to the downside. We got an ending structure in the form of an ascending channel. Applying the 80/20 rule, 80% of...
Hey Everyone, Last pair on my Top 6 for the week ahead is USOil. Price has pushed to the downside from the double top and is now forming a larger continuation pattern to push lower. Looking at the lower timeframe we can see the nice equal spacing between the touches. I will be looking for a risk entry at the third touch to take to the downside. I also have...
Hey Everyone EUR/AUD is looking like a nice play to the downside for next week. Price has broken out of the expanding pattern, catching traders on the wrong side of the market. We are starting to see that heavy momentum to the downside. If price breaks below the low to the left and forms a three touch continuation, I will be looking for a risk entry at the...
Hey Everyone Along with EUR/NZD I have GBP/NZD for a long play. Price has pushed to the upside and we are now getting an expanding pattern continuation to push higher. Looking at the lower timeframe we have a descending channel to the double bottom in which I will be looking for a break above and flag continuation to take to the upside. I will be looking for the...
Hey Everyone, Another pair that has made my weekly watchlist is EUR/NZD. We are in a valuable area as we are looking for the next leg up to the outer trend lines. We can see that we have an expanding pattern at play here with a start of a continuation to push higher to reach the third touch. It is also possible that we break below and form continuation and drop...
Hey Everyone, USd/CHF is another pair that has made my Top 6 for the week ahead. We can see price has expanded breaking above the double top and is moving towards the downside. Now that we’ve got the impulsive leg, I will be looking for a three touch continuation for a risk entry within the flag. Below I have attached my weekly watchlist for the week ahead....
Hey Everyone Here on EUR/GBP, price has pulled back to an area of liquidity in which we’ve expanded to, broken above correctively followed by a push lower. I will be waiting for price to form a three touch continuation in which I will look for a risk entry. Below I have attached my weekly watchlist for the week ahead. Notion: same-koi-396.notion.site