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USD/MXN - 4HR - Going Long after end of triangleUSDMXN - The pair is forming a triangle to complete purple wave 4. The triangle pattern is also forming another triangle as its green wave (e). The Wave Principle allows a triangle inside a triangle only in wave e. HOW TO TRADE THIS SETUP - Wait for price to break out of the green wave (e) triangle and look for buy setups to complete purple wave 5. The confirmation level is at high of blue wave (d). The whole triangle setup is invalidated when price retraces to 23.16708 where green wave (e) retraces below green wave (c).
Long
by peterpel
GOLD XAU/USD UPDATE, LONG/SHORT IDEASReview from last post Gold last week break ABCDE triangle to upside. This break is very good signal for more upside from GOLD in coming weeks. Gold closed on Friday with price 1742$. Upper resistance is at 1748$. 1 Option First possibility for Gold is Truncation of wave 5 which means Wave 5 coudnt break top of wave 3. I think this scenario wont play out. I will not look for sell positions on Gold. 2 Option Confirmation for buy position for me will be break of 1748 level, possible retest of the 1748 level, which brings us to very nice buy opportunity. So wave 5 could finish in 1850 area. Proper Risk managment is very important because market is very volatile. In times of crisis just like now in global economy price of Gold always rises. Time will tell us will history repeat itself.
OANDA:XAUUSDLong
by NecP
EURUSD: some infosHi Guys, the increase in volatility triggered by the pandemic event this year occurs when US Presidential election are 6 months away. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
by cozzamara
1
DXY: some infosHi Guys, the increase in volatility triggered by the pandemic event this year occurs when US Presidential election are 6 months away. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:DXY
by cozzamara
DXY weak taps 99.60 or below 5.7.20DXY finished the daily trend moving further upward with a nice big green body candle. Minor wicks. on the Daily/ 4Hr/ 1HR timeframes DXy is floating in no mans land above r4 on my Camrilla pivot points. Dxy looks as if it wanted to try to test April's 2nd high @ 100.88. It got to 100.20 and could not push further. My 9EMA is over the 21EMA on all time frames potentially wanting to signal buy. As we are heading into the end of the week with big US data news on Friday, the NFP. For Thursday May 7, 2020 I anticipate DXY to make a move south to test 99.60 region. if this prediction is wrong we will test march 25,2020 region of 101. by Friday's market close DXY should be @ 2020 HIGHs 103 if NFP/unemployment rate is good (which I doubt with COVID-19) by Friday's market close DXY should be @ or around 99.84 if NFP/unemployment rate is BAD (which I EXPECT with COVID-19) TVC:DXY **DXY to collapse under $94 by June 1**
TVC:DXYShort
by chestephens1