Maple Sirup vs Shushi
Updated
This pair right here does exactly what I want it to do. So far.
Let's see if it continues in doing so.
According to the plan, this pair should soon start to raise.
The price is in a valid area, to gain now. We need a weak Jen and/or a strong Cad. Until now, there is still room for this pair to drop a little, but all in all, it should be climbing.
As this area is really big, we need to work with a smart Money Management and should not belive it takes only one single entry, to hit the breakout trade. It might happen, that we get stopped out. As long as we get the good long, it doesn't matter. Me personally, I want to see the price fall into the area where the blue target area meets the green turning area (the pinky area). For me, that has the best chances to turn the price around.
Have a look, on how nicely everything interacts:
The big green long Sequence needed to retrace into its correction level.
The price formed a smaller sequence (red) which led to a bigger sequence (blue), which has its target area right where we want to buy it. Coincidence?
Let's see what happens here.
Also, check out the other JPY pairs, as lots of them are looking bullish to me, right now.
Let's see if it continues in doing so.
According to the plan, this pair should soon start to raise.
The price is in a valid area, to gain now. We need a weak Jen and/or a strong Cad. Until now, there is still room for this pair to drop a little, but all in all, it should be climbing.
As this area is really big, we need to work with a smart Money Management and should not belive it takes only one single entry, to hit the breakout trade. It might happen, that we get stopped out. As long as we get the good long, it doesn't matter. Me personally, I want to see the price fall into the area where the blue target area meets the green turning area (the pinky area). For me, that has the best chances to turn the price around.
Have a look, on how nicely everything interacts:
The big green long Sequence needed to retrace into its correction level.
The price formed a smaller sequence (red) which led to a bigger sequence (blue), which has its target area right where we want to buy it. Coincidence?
Let's see what happens here.
Also, check out the other JPY pairs, as lots of them are looking bullish to me, right now.
Note
Not sure what to say... Just worked like it should.Note
Like a Rocket... Cant stop this!Lets see if we hit the Target, all the way at 85.58
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