EURGBP INTRADAY SCALPING ENTRY, NOT A GOOD R/R BUT CAN BE USEDthere is a bullish 4h setup, entry at price: 0,78894 take profit: 0,78963 Stop Loss: 0,78682
A Time management and Money management must be applied to the signals.
Always have time stops in mind.
This signals are part of my trading system that I have created for my students,
it’s easy to use and is with a straight rules. so 100% clear.
The market knowledge gives a bonus and a room for improvement , so market education is advisable,
The system is given as a part of educational process.
Limit orders are not shown here, but the system is giving them.
Any questions can be asked using email, website or Skype.
I really hope that even this signals will help you to keep your account growing.
Sincerely
Arturs J.
Marenno
www.marenno.com
skype: marenno.business
arthur@marenno.com
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
NOT
ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - wave V targetHere we are at the beginning of the wave V, although I was not correct about wave b of IV beeing irregular, wave c of IV played out as expected. Now we are able to draw wave V price target zone. Based on a Fibonacci 1.618 extension we can conclude that wave V will end between 0.037 and 0.05 BTC per Ether. Wave V will have 5 waves like wave III. Watch them carefully and let the market tell us where it ends.
ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - irregular wave BLooks like we're stuck in wave B of correction (of wave 4). This is an irregular (triangle) wave B - there are 5 waves in it (a-b-c-d-e). I've added two arrows to point out how such a wave B looks like, because it's rather rare. The end of wave 4 seems nowhere near, it can take whole April until it finishes.
ETH/ BTC - The BIG picture of current uptrendHere we have it: a perfect Elliott Wave in all it's glory. This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price.
We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.
Crude monthly going back to 1990- No bottom "yet"Support is actually around 37.88 not 39.60
How do we know that's the support? well-going back to 1990 until now it has acted as support and resistance line.
Also known as axis line has to be tested.
Wait to go long- if planning for short have a good SL around 43
For longs- if cannot wait to go long at least have enough funds to go via multiple entries instead of one big entry.
Not broken YET!Despite what many think, long term support and resistance trend lines have been perfectly symmetric and not broken. So, there is no reason to panic.
The trend lines showed are cloned. They have the same angle and the price has respected the trend without any false alarms.
However, for investing, I don't think it's an appropriate moment to trade, as it might can make a retracement, or continue the rally as for the moment. Better watch when it's near the trend lines.
Even though it hasn't broken yet, I also consider the idea that it might crash at any moment in the near future. Time will tell, but better confirm it securely with the trend.