ANOTHER YEN PAIR WITH HIGH SALE PROBABILITIES STRUCTURE ON HIGHER TIMEFRAME HIGHLY SPECULATES THE BEARS TAKING OVER THE MARKET A DROP IN PRICE FROM CURRENT LEVEL CAN BE EXPECTED AND YOU CAN CAPITALIZE ACCORDING TO YOUR STRATEGY AND TRADING PLAN...BUT THERE IS STILL POTENTIAL FOR AN BREAK TO THE UPSIDE WITH A BUY TO COMPLETE THE OUTER STRUCURE WHICH IS THE...
NICE PRICE ACTION PATTERNS CATAPULTING GREAT BEARISH MOMENTUM PRICE APPROACHED THE RECENT HIGH ON THE HIGHER TIMEFRAME IN A STRUCTURAL THREE TOUCH REVERSAL PATTERN.....PATTERN SEPERATION ON THE LOWER TIMEFRAMES SHOWS A SIMILAR PATTERN TO THAT OF THE HIGHER TIMEFRAME SO PRICE MIGHT JUST COMPLETE THAT PATTERN AND DROP TO THE DOWNSIDE ON THE THIRD TOUCH OF STRUCTURE...
CLEAN PRICE STRUCTURES ON THIS PAIR AND SHAPING UP FOR A LONG TERM BUY HOWEVER WITH THE LOWER TIMEFRAME STRUCTURE IT MIGHT RETEST THE LOW BEFORE MOVING TO THE UPSIDE OR IT CAN COMPLETELY BREAK OUT OF STRUCTURE WITHOUT THE RETEST FORM CONTINUATION PATTERNS AND IT CAN BE TAKEN LONG...ITS ALWAYS IMPORTANT TO TAKE A MESSAGE FROM THE MARKET AND REMOVE FOMO.....
THIS SWISS PAIR IS SHOWING MORE DOWNWARD MOMENTUM AS SUGGESTED BY THE HIGHER TIME FRAME STRUCTURE WHICH IS AN ASCENDING CHANNEL AS IT APPROACHES AN AREA OF HIGH VALUE WHICH IS THE MOST RECENT HIGHER ON TIMEFRAME....IT IS HOWEVER POSSIBLE FOR A BULLISH BREAKOUT OF PREVAILING LOWER TIMEFRAME PRICE ACTION STRUCURES TO RETEST THE HIGHS AGAIN BEFORE GOING BACK DOWN...
ON THE HIGHER TIMEFRAME STRUCTURE OF CHFJPY A COMPLETED REVERSAL PRICE ACTION PATTERN IS VISIBLE WITH THREE TOUCHES TO THE STRUCTURE SO HEAVY BEARISH MOMENTUM IS EXPECTED ON THIS PARTICULAR CURRENCY PAIR. LOWER TIME FRAME STRUCTURES ARE SHAPING UP WELL AND ARE CONGRUENT WITH THE HIGHER TIME FRAME MOMENTUM .
