Momentum to upside and mean reversion on weekly. 1R profit target.
This trade resulted in a BE
Long on EURUSD.
Few pairs on watch, all need a bit of development
If we get the move up to make a clear second bottom on this flag, and then a clean 1h retrace candle at the high, I will be entering short on this pair looking to play the daily expanding pattern to the lows
AUDUSD, NZDJPY, GBPCHF, GOLD shorts all in the radar for the next couple of days
AUDUSD looking at a move to the upside possible for next week
GBPCHF now at structural lows with the long term ascending trendline and we have created a descending channel with a double bottom. This has probability to come up at least to complete the bear flag type pattern on the daily where we may once again drop, or coudl break out and keep going up to the highs which would be a longer term hold perhaps a couple of weeks...
Patterns signal a probable move up from here and the LTF broke the low and retraced. Can come down again so will set to BE if we reach edge of structure. If we come down then the long will be from the bottom next week.
AUDJPY full breakdown and Long possibility for next week
EURAUD short entry via continuation pattern. Let me know what you think. Remember, no trade is guaranteed to play out, a strategy is based on probability! You have to take every occurrence of your edge and accept the outcome.
Still holding this one short and update on my thought processes as the structure develops. Key thing for new traders is understanding you don't need to spend much time on the charts. Use alerts wisely and just let it do its thing. When you have your strategy on lock you let the strategy do the work. I make these videos for my own development and I hope this is...
Explanation of the entry on a short trade from last Friday on EURAUD
We are at structural lows and could be starting a move to the upside, however we still have downside momentum and need to let the market convince us the trade is over. Lower time frame patterns will help us with timing to ensure we understand if this is probable to come down to fill the wick on the dailiy, or if we are going to the upside now. Both are possible! I...
Looking for possible continuation short for late next week Falcon strategy
Looking likely to complete a structure with a move to the downside - Falcon I am making these videos for my own development and have a personal goal of uploading on average one per week.
EURAUD looking likely for a short next week based on market structure using the Falcon style methodology.
Possible sell setup but needs significant development.Overall bias long term is SELL