Triangle formation getting printed at the top of USDMXN, been following action price in this one. Daily candles had been respecting the triangle trendiness pretty good. Until a couple of day a daily candle broke outside the trend line and come back quickly inside the consolidation area. If you see at lower timeframes you would be able to find several patterns...
Prices too close to our monthly resistance. Good price level ahead to enter the sells
Price is has been printing the swing changes right at the fibo levels
We can see at the top of Resistence a very nice Cypher completation price has already rejected te 0.786 and 0.618. we have a bigger picture to this pair to continue to print new leg to the downside to the develop new LL of the bigger trend
Structure just printed price action for new LH, new leg to the downside to retest old supports probably new LL
We can see great trending market to the downside in audjpy. Weekly pin bar printed give in us a good entry oportunity
Median bigger pitchfork broken, great fibo ratio level to continue to new highs
Fixed Pitchfork in the GBPJPY has been respecting median and fibonels lines
Follow the wicks and get your eyes on the next S/R as targets, expect new highs to be print
They say the trend is your friend, until it betrays you
Best area to enter with less risk, after prices retest last broken strcuture
If new structure high is not printed, follow the trend
Using fixed pitchfork tool to look at the structure at this pair, looking that shorts may just become possible for the GBPJPY Right now price is at the top of the channel line leaving rejection candles, retouch of this line could happen before going doing. This exact same area is the 0.618 fibs retracement from the last big move down. Looking to exit shorts at...
looking gold to go higher places after triangle confirmation pattern
Looking to follow price action strategy, waiting for rupture of head and shoulders would give you different entry points, respecting S/R on bigger timeframes. Look at the updates of this trading idea for bigger picture setup