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NZDJPY - short at Daily (symmetry wave rule)Look left, finding a rule wave for Entry. There are 2 Zone for Sell: 1. The Group wave Weekly (I)(II)(III)... is at the 'Wave (III) to Wave (IV). 2. The Group wave Daily I, II, III.. is at the Wave V to VI. I want to sell in the zone of this group (price is from 75.537 to 76.362). When NZDJPY reached The zone for Sell and down (break trendline at the Smaller timeframe). Therefore, I predict he will drop again. * Entry 1: Sell now Target 1 is at 73.841. Target 2 is at 73.167. Stoploss is at above the Wave VI 20 bibs 76.363+.0.200 = 76.563 * Entry 2: Sell limited at 76.362 Stop loss is at 77.167 + 0.20 = 77.367 Target is the Same.
Short
by dinhchien
EURJPY - LongMonitor 1 Weekly (I), (II) (III): UP, Wave (II) to (III). Monitor 2 Daily I, II, III: Down, is The wave II. Monitor 3 H4 (1), (2), (3): Up, is the wave (2) to (3). Follow Monitor 1. Monitor 4 H1 1, 2, 3: Up, is the wave 4. Follow Monitor 1. * Therefore I predict EURJPY will go accord Monitor 1. Entry 1: Group wave H1 from 130.216 - 130.846 or out the Green Trendline for a buy. Stop loss: 128.320 (reversal for down to zone wave H4). Take profits: 133.993 (Butterfly). Entry 2: Group wave H4 from 127.349 - 125.979. Stop loss: 121.713 (Below Daily trend). Take profits: Move stop loss (Symmetry rule wave). Update later. Like, comment, follow me, thanks. The prediction is always 50/50
Long
by dinhchien
5
What Support Looks Like When It BreaksLooking at the m15 chart only can lead you to have the correct idea but in the wrong place. By looking at high time frame charts you get a better picture of when a trend is in place, when a trend is no longer working or when there is no trend and we're in a range. On the attached charts a daily time frame (top left) has a defined up trend and at 1.6700 the trend line and price meet for the 3rd time of Sept 27th. Here traders wanting to keep adding to long trade would initiate a long trade. However by the close of the daily candle that idea is no longer valid, as the trend line did not hold as support. Moving down through the smaller time frames we see that the days leading up to the 27th September have been consolidated into small daily moves. There is a clear line of support under these days that is clearly broken on the H1 chart etc. This equates to the time when the Daily candle approaches the rising trend line. What we see happen next is that the broken daily horizontal support is now acting as horizontal resistance and price is trapped between this new horizontal resistance and the rising daily up trend. When the horizontal resistance holds and the daily rising trend line are broke on the H1 candles traders waited for a quick retest and then went short. Accelerating the move.
Education
by OctaFX_Official
2
USDTRY - short at H1Look to the left. 16 Aug 2018: 5.67354 breaks the symmetrical wave rule (reversal pattern) for a long-term downtrend, counted as wave I. 30 Aug 2018: The market corrected for wave II Thus, I expect the market to drop from Wave II to Wave III. - Monitor 1: wave group on I, II, III ... (Down) - Monitor 2: H4 wave group (1) (2) (3) ... increase the tuning wave (3) and break the trend from the wave (4) - Monitor 3: Wave group H1 1, 2, 3 ... appeared the rule wave symmetry. * Sell limited: 6.38927 - 6.50385 * Stop loss: 6.86093 * TP1: 5.49678 - TP2: 5.18436 - TP3: 4.66535 Like, comment, follow for me. Good lucks.
Short
by dinhchien
2
AUDJPY - short at H4 (Symmetry Wave)Look left, We have two zones for a sell. 1. Group wave daily I, II, III... Now the AUDJPY is at the wave V go to wave VI. 2. Group wave H4 (1), (2), (3)... Now she is at the wave (3) to wave (4) and she reaches the Potential zone of group wave (80-100% the magnitude). Plan: Trade 1: wait for a signal at the smaller H1, 30 minutes ... * Invalid is at 120% Trade 2: When she reaches zone for a sell of group wave Daily, wait for a signal at the smaller H1, 30 minutes ... * Invalid is at 120% Target 1: is at 61.8 Fibonacci Target 2: is at 80 Fibonacci
Short
by dinhchien
2