FLAG pattern, pulled back to 50% of the pole, wait for a breakout from the flat, pullback and hold, with the second pullback, then it should rocket away with strength to the full length of the flag pole, and up to recent highs.
Flags are continuation pattern, we are in an uptrend, flags can still fail, wait for the breakout and confirmation before entering the trade.
Flags are continuation pattern, we are in an uptrend, flags can still fail, wait for the breakout and confirmation before entering the trade.
코멘트:
The trade is breaking out to the upside of the pattern, patience, wait for a two legged pullback to confirm the bulls have it.
코멘트:
First pull back held, wait for the second
코멘트:
This is why we wait for confirmation, the second pull back failed, the bears shot straight through structure.
uk.tradingview.com/chart/H9VZvvEZ/
uk.tradingview.com/chart/H9VZvvEZ/
코멘트:
There is potential now to take the downside trade, wait for a pull back to structure and if it confirms to the downside, a rejection of the highs, sell.
코멘트:
Lots of weakness in both pairs, but NZD is holding strong after positive news yesterday evening.
코멘트:
We have a pullback, who will take control, be prepared for both opportunities
코멘트:
The bears are in control, we've broken through the moving average, wait for the second push down and pull back to hold and we're then a bear. Patience.
코멘트:
Plenty of rejection of the highs, we need a push down to confirm the bears have it with strength before risking our hard earned cash
uk.tradingview.com/chart/H9VZvvEZ/
uk.tradingview.com/chart/H9VZvvEZ/
코멘트:
Bulls had a real push at the highs and get rejected by the bears. Exciting stuff
코멘트:
We're now squashed into the upper corner of the flag, we're going to break the trend line to the downside, as soon as we pass the moving average, SELL, target at 1.7 to the bottom of the flag pole, but be aware you may only get to the bottom of the flag itself.
액티브 트레이드:
SELL TRADE ACTIVE, Broken the trend line, jumped the gun a little, should of waited for a break below the moving average
코멘트:
And that's why I need more patience... and a solid confirmation
코멘트:
Now the third tough of the flag pattern upper structure, if we move any further down the fib levels, after 50% it's invalidated.
코멘트:
Third rejection of the edge of our now descending channel. I was still too early on the entry, waiting for the bears to push the trade to the downside and break through previous support at 1.71. US market open will let us know what's going to happen.
NZD is giving the Swiss Frank some hard work as well, showing it has some strength, which is beneficial for this now SHORT TRADE, it's poked it's nose through 1.71
NZD is giving the Swiss Frank some hard work as well, showing it has some strength, which is beneficial for this now SHORT TRADE, it's poked it's nose through 1.71
거래청산: 스탑 닿음:
Short trade stopped out.
액티브 트레이드:
Original plan worked, entered a trade at 1.7105. Target at 1.72
코멘트:
Another flag has formed on the 1H timeframe, confirming a potential continuation, watch for a signal to enter the pullback if you missed it.
코멘트:
This is turning into a beautiful trade, rocketing up towards the target.
거래청산: 타겟 닿음:
Left 5% to run free, superb trade.
