Corrective price, ascending channel, at the top of the descending channel. Looking to get in with a 35 pip stop. Target 10%+.
Price is corrective towards the top of an descending channel and is forming an expanding triangle. Waiting for corrective price action before taking a short position on a third touch. First target is 3% followed by a target of 9% to the lower outer structure.
Looking for a short risk entry at at the top of the bear flag to the downside. We can see heavy impulsive movement to the downside that is then followed by corrective price action forming a bear flag continuation. 30-45 pip stop with about 10 to 12% reward if it meets the profit target at the beginning of the channel.
Third touch of ascending channel followed by a corrective double top. Position taken on the break of the structure (I did get to it a little late so I have an additional 5 pip on my stop). Profit target +6% to the bottom of the channel. Second profit target +19% to the beginning of the channel (ray line)
Price has broken a third touch of a daily ascending channel with very corrective price action. The hourly ascending channel third touch (pattern within a pattern) also aligns with the daily third touch. I am seeing if the market gives us an entry such as a double top or a hover (bear flag) along the bottom of a channel. Ideal entry will be 20-25 pips.
Corrective price at the top of the channel. Looking for a clean smaller double top with very corrective candles or a bear flag to take short. Keeping open to scale ins.
Price has just extended an expanding triangle and approaching a double bottom. Keeping an eye on the nature of the candles to see if it forms a reversal descending channel. Looking for an entry on the double bottom value area. Lots of room to the upside.
Price has hovered along the ascending channel creating a bear flag with a clear bottom and two tops. Price moved up correctively and a position has been entered on the break in the same direction as the higher time frame (short, 15 pip stop). First target to the bottom of the bear flag pattern for break even. Second target to beginning of the ascending channel for +8%.
A couple of huge positions on the cards. Keep neutral and look for clean price action.
EURUSD Long USDCAD Short NZDUSD Short AUDUSD Short GBPUSD Long EURGBP Short
Looking for further downside momentum, entries: - Price action could repeat and reach the double top. - A developed bear flag formation and a break with a clear bottom.