Wave-5
GBPJPY - Looking to go long again With what could be wave 3 in place GBPJPY is now retracing. Price should hold circa red 4 of less one degree.
Any significant move below red 4 would cause concern and the alternative count to be considered in that the movement is A B C corrective.
The base channel was breached quite easily and I suspect that we traded a third wave thus offering a pending opportunity to long the pair if this count is valid.
Elliott Wave Video:Be Aware Of More Upside On Gold. Watch 1481! Gold came lower recently, but it found interesting support so far at 1440/1450 area from where we may see more gains, especially if we also consider what USDCNH is doing. However, I think 1481 is very important level that has to be broken before bulls may come in play.
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Grega
Step In To My Office... Part of what I'm thinking it could be right now... the correction began in 3 waves up in 4th wave, which we can conclude we are heading for a flat correction (3,3,5), it is also very common in 4th wave... an extended flat of regular flat occurring most of the time in 4th wave... also triangles.
In this video, I let you go inside my head... the way I'm thinking and why I'm thinking that way... have fun ;) This is the most important for me
GOLD clear risk/reward setting up LONGHi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical analysis.
I would love to hear your perspective in the comments below relating to Gold, please do your own research this is an asset we have spent a lot of time following and analyzing and we understand our risk to reward parameters for the trade.
Have a great weekend everyone!
BTC - Defend yourself from emotionI wanted to broadcast a quick video showing how you can use indicators, long term trends, and just plain DRAWING! to stimulate trading ideas, and to give yourself some emotional clarification on what is happening in front of you. I do this dozens of times before I feel like i have ONE idea.
I think you should too.
I hope you gain from this experience.