I am expecting 5 waves structure in the channel. In case price rises before touching my price action line then i will look for structure change and possible pattern formation. Currently i am expecting corrective wave and then sell breakdown and trend continuation setup on upper channel line
Pound is under strong pressure. I am expecting bottom around 1.25 or 1.22. If price touches these levels then i will look for longer term wave to the upside which is due on GBPUSD. Remember this pair was being traded at 1.60 at the end of the last year. We may see this level again in future. Currently price is under corrective structure which may form trend...
I am expecting short on retest of broken channel trend line. In case price break back in the channel then i will look for short around 1.16000.
Detail on chart. I am expecting trend continuation Pattern. How to trade on this trend continuation pattern please look at chart .Trading strategies are there on chart
Entry rules and stop loss placement on 5 waves structure in the descending channel.
Please trade with care this flag may extend towards upside. Sell on strong breakdown
Sell breakdown the Triangle for trend continuation
Expecting Correction then break up
I am expecting wave down from channel trend line.
Price has broken Ascending Channel and consolidating under broken structure the best place to sell is close to the channel trend line. Please look at the related idea
Price playing on the top of the pattern line don't miss the short move which is due on NZDUSD. If in case price reverse from small channel line and try to make new recent high then sell it from the top if anyone don't remember the earlier post so please look at the related NZDUSD idea. Thanks for your support Guys.
Breakdown will invalidate idea
Break up will invalidate the idea
Watching for corrective move for trend continuation
Break up will change structure
I am expecting one more leg down before final big wave to the up side.
Long standing channel holding