In corrective phase for very long period, forming H&S indicating the end of up trend. Possible short opportunity at the break of the flag.
If EJ decided to continue bearish, im expecting a double top to get in for a sell and scale in along the way.
Current corrective candles came from an impulse, trading this as DXY correlation.
Broke out from a corrective structure, 4-8hrs of corrective (low momentum candle), flag continuation Buying EU, Sell dollar PAIRS like UJ
US Dollar formed double bottom indicating a possibility of trend reversal. Looking for a bullish break of the top structure for future buy opportunities.
Expect EU to form inverted h&s, entering on a break of the high
Head & Shoulder possible sell entry at the retrace of the neckline
Spotted a continuation with AU, possible for a little more upside
Triple Top, with ascending channel, 15 mins h&s
Possible long if price pull back to my entry point 1. inverted H&S
In a corrective phase, there's a nice ascending channel or flag (wutever u called it) Looking to enter at the top of the structure if possible, if not will be looking for new 1h corrective structure to enter short)
Similar structure with EJ, waiting for corrective structure to complete.
2 scenarios here 1. Bearish Trend, what is required: ( price correctively form continuation pattern indicating down wards movement) 2. Bullish Trend, Notice the Inverted Head&Shoulder it has the possibility of pushing to the upside.
2 scenario here 1. If price forms corrective nature (ascending channel) will be looking for sell at the break or the pattern. 2. IF form Reversal Pattern, will avoid taking any trade with this pair as it might be very corrective to form deeper correction.