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.
ملاحظة
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
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.