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Forex1Percent Free Channel

New structure has formed here on NZDJPY now we have a head and shoulders that has formed, still have downside bias here, I was stopped out of original set up.

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Forex1Percent Free Channel

I got stopped out her for a loss of -1%

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Forex1Percent Free Channel

Thank you everyone for the support on Instagram and for 23k followers !

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Forex1Percent Free Channel

AUDNZD Daily/4h: On the daily we can see a clear head and shoulders as formed an the four hour time frame is showing a bearish corrected move here. I will wait for a one hour break of this corrected structure, if we do get a break stop loss would be above the previous lower high which If met would invalidate market structure. If we do not get a break below this level on the one hour and price breaks and close is above the previous lower high this set up will be invalid

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Forex1Percent Free Channel

NZDJPY Daily: still watching here as it’s a higher timeframe set up. Very clean ascending channel where we are forecasting a third touch to get in short positions here. Will need to wait for a one hour candlestick confirmation at this level before going short, I will update when we get closer.

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Forex1Percent Free Channel

If you haven’t, check out my new YouTube video on criteria for finding high probability set ups !

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Forex1Percent Free Channel

For those wondering why/how I didn’t take a loss here and only a Breakeven. Within our strategy we have found it best to move SL to BE when price moves 2% in profit. This helps to eliminate risk and let winners run.

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Forex1Percent Free Channel

After a Huge news candle I stopped at BE.

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Forex1Percent Free Channel

Running around 75+ pips from break of neckline as indicated

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Forex1Percent Free Channel

EURUSD Daily/4h: This pair moves opposite as DXY so we are seeing good confluence here with a daily head and shoulder. I will wait for a LTF bearish correction to form to look for short positions.

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Forex1Percent Free Channel

I’m holding a long position here

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Forex1Percent Free Channel

This set up is invalid for now, no confirmation here so no entry.

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Forex1Percent Free Channel

New YouTube video will be out before weeks end‼️

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Forex1Percent Free Channel

GBPCHF Daily/4h: Similar set up here as we have double top extended where price moved past the double top level correctively in the form of a rising wedge where I will look for a 1h reversal candle stick at indicated level. This could be a longer term trade but for short term my first target is our 90% level as indicated

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Forex1Percent Free Channel

USDJPY 4h: our forecast from last week is currently playing out from the third touch Of this bullish structure. As I mentioned last week I did not get an entry here so I will look to see if we can get a potential one hour double bottom within the bull flag to go long. If you took an entry here last week have stop loss at break even and watch for this potential entry as well as it’s very possible that we could simply impulse out and continue to move up before moving back down.

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Forex1Percent Free Channel

NZDJPY 4h: We have a nice double top extended here where price has completed the third touch of the ascending channel, we can now see a LTF correction forming at the base of the ascending channel as well. I will look for a 1h break below structure to go short

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Forex1Percent Free Channel

DXY failed to hold above the neckline and bow close below on the 4h. Not good for US dollar moving forward. Likely to see further downside for USD pairs!

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Forex1Percent Free Channel

NZDCHF Daily/4h: on the daily timeframe we have reached the outer structure and now have formed a head and shoulders reversal pattern. Because the neckline is unclear we will have to wait for the next corrected move to form on the lower time frame. This will likely mean that we see a smaller impulsive move first before seeing any sort of corrective move, will be patient and wait for a correction.

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Forex1Percent Free Channel

AUDCAD Weekly/4h: On the weekly time frame if we look left we can see we have broken out of a larger decending channel and have been an uptrend for quite some time. On the daily timeframe we can see we have reached the uptrend line Now have a clear important correction that is formed or we can look to take part in long positions on a 1h break and close above this correction.

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Forex1Percent Free Channel

GOLD Daily: clean structure here as we have previously seen an impulse and correct of move form and now we have broken out of that correction. As we are entering the next impulsive stage we can now look for a lower timeframe Bearish correction to take part in this short bias. We are forecasting a move down to the outer structure which would be the third touch. Understanding third touch principle of these patterns not only helps us with entries but helps us forecast potential moves and take profit levels as well. LTF correction needs more time to develop. I will update when we have something more clear.

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Forex1Percent Free Channel

https://youtu.be/g-3CEMQ_JLE

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Forex1Percent Free Channel

I’ll be done trading for the week as I’m not seeing anything clear and NFP is tommorow

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Forex1Percent Free Channel

EURGBP playing out as forecasted so far, watching for a break above descending structure for further upside👌🏼

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Forex1Percent Free Channel

NZDJPY Daily: Clean ascending channel formed here as price is approaching the outer structure for the third touch where we will look for short position with LTF candle confirmation.

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Forex1Percent Free Channel

DXY (USD) is continuing its bullish pressure and likely pushing for higher move mid term

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Forex1Percent Free Channel

Not much happening so far this week, slow start but keeping an eye out, don’t just jump into trades because you want to be in them! It’s easy to say “let the market come to you” but it’s another to have the patience to follow that rule.

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Forex1Percent Free Channel

USDCHF running as forecasted

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Forex1Percent Free Channel

Only have a few set ups I’m watching this week so far, I will update when we get more clarity for more pairs👌🏼

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Forex1Percent Free Channel

GBPNZD 4h/1h: Still holding short positions from last weeks trade. I’m looking for a potential scale in opportunity here as we have a clear example of an impulse and correction as we have broken out of the larger up trend. I will look for one hour rejection candle at the top of correct of this corrective structure. If we do not move up and we break below this level I will update to see if we can take short positions.

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Forex1Percent Free Channel

GBPAUD Daily: similar to the EURAUD Set up here as we are moving with the new downtrend and are approaching are descending trendline. We are approaching this Level correctively which gives me good Indication that we could reverse from this level. I will wait for one hour rejection at this level for sure positions. If we decide to break below this correct of structure before we get to the descending trendline I will update to see if we can take short positions on the breakout.

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