Great continuation of the bearish moment with a break and retest of the structure.
With prices reaching the value area , the three touch structure and ascending channel shows a potential reversal from the bears.
H1 timeframe shows significant market structure with prices reaching value area
With prices breaking above the value area and returning below to confirm a potential bearish reversal to the downside, market structure signifies he bears could rally prices to the downside.
Ascending channel inside an ascending channel shows clear market structure where prices have completed the three touches. Bears could be potentially moving in to strengthen prices to the downside.
Clear market strcuture on the pound aussie shows a temporary bulls run to the 1.96983 level. To complete the three touches and potentially setting the bears to push prices to the downside.
With prices reaching a valuable area to complete the third touch of the ascending channel, we will be looking for bearish momentum(entries on lower timeframes) with a confirmation of a high test candlestick closing on the daily.
AS prices broke above a value area, we look to capitalize on the current bearish momentum to the down side. A close of the bearish candle confirms a evening star candlestick pattern, with a complete three touch pattern strengthens the bears momentum .
Pattern inside a pattern(descending channel inside a descending channel) shows a potential bullish reversal.
A clear break of an ascending channel strengths a short trade bias on the pound cad.
Strong confirmation of a short on the pound dollar. With valid structure and obvious test of value areas, strength's a bears run to the downside.
With prices breaking the previous high, a close of a bearish engulfing candlestick on a higher timeframe and market structure, looks to confirm a inflow of bearish momentum to the downside.
A potential bullish rally to complete the third touch of the ascending channel and take out the high of the structure.
With price strengthening to the downside, bears look to push prices lower with the break of structure.
As prices reach the 1.73543 level, potential short opportunity with confirmation of bearish reversal and continuation patterns will further strengthen the bears momentum.
Long term short on the dollar Swiss after a break of the ascending channel.
The Euro pound shows potential temporary bullish run to the upside to significant levels before continuing the bearish trend to the downside.
A potential short to the 0,55715 level before we see price rally to the upside. (Check out DXY idea, opposite correlation)