Watching for price action at double bottom. Will be looking to use the DXY to get my entry.
Price almost at area of interest. Will be looking for bearish price action and reversal pattern to initiate a short trade. Potential is huge. 3000+ pips.
Will be looking for the next impulsive wave. Elliot 5 wave completed
High probability trade. - 3rd touch of trendline resistance - DXY on the verge of breaking up - NZD index close to a breakdown - price currently in a 15 min correction. Awaiting breakdown of the correction Will be shorting to the previous bottom. 400 pips.
Price completed ABC wave. Now we're in the abcde corrective wave. Looking for price to react off descending trendline
Stop SL. If it breaks upwards, it means its going to retest the outer descending trendline. Awaiting break of the ascending wedge...
Multiple confluences: 1. 618 retracement 2. 3rd touch of channel support 3. Double bottom on smaller timeframe indicating a reversal (to the upside)
Price currently at 0.618 retracement. Waiting for ascending trendline to be broken. Will be looking to scale in and take profit at 1500 pips.