Stalking AUDJPY for a SELL
HTFs - originally was looking at an HTF bullish reversal but price is very corrective and looks to be forming a clear ascending channel signalling a downside move |
LTFs - clear ascending wedge approaching 3 touch pattern completion. Nice middle section, price now forming an ascending channel within an ascending channel that has correctively broken the high catching traders on the wrong side |
ENTRY - one of my favourite pairs that I haven't traded for a while. If there is clear ascending nature at the top of outer structure I'll be looking for a risk entry. Otherwise will wait for the market to signal a reversal and wait for the flag. Possibly 2 entries. If none of these scenarios set up, no trade.
LTFs - clear ascending wedge approaching 3 touch pattern completion. Nice middle section, price now forming an ascending channel within an ascending channel that has correctively broken the high catching traders on the wrong side |
ENTRY - one of my favourite pairs that I haven't traded for a while. If there is clear ascending nature at the top of outer structure I'll be looking for a risk entry. Otherwise will wait for the market to signal a reversal and wait for the flag. Possibly 2 entries. If none of these scenarios set up, no trade.
Not
Seeing a tight ascending channel on the 1H squeezing price above the high indicating that price may not reach out structure and could drop early. Looking out for a flag to enter to the downside
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.