Higher timeframe indicates we are in a bearish run in which I will be looking for the structural continuation to take short for a RE after the H1 rejection candle.
Will be keeping this on close watch along with NZD/CAD as they both look very promising !
We are positioned well for the short and now just need to wait for the continuation preferably on the H1 timeframe in which I will then filter on the M15 timeframe
Lovely play to the downside as price broke back below the hook point and gave a H1 continuation. I took this on the break of the continuation in which this hit my TP for +12%.
Price has broken above the higher timeframe highs and now we can look for shorts. I will be waiting for the 15m flag continuation to take for a reduced risk entry
Higher timeframe suggests bearish momentum as price has broken above the high(s), pushed to the downside and is currently in the larger continuation phase. We've broken above the hook point to the left and are trading below. I then took this two touch continuation as a risk entry after the pin-bar rejection candle on the 15m timeframe and held up till swaps.
We have a bullish continuation and a small hook point sitting below. I will be waiting for the retest of that and first tight continuation on the 15m / 5m to take long.
We can see price action is moving smoothly to the downside. I will be waiting for the 1H rejection / insurance entry (15m flag continuation) to take this to the downside.
