Trade Idea 1/28/19 Confirmations written down Risking 30 Pips for 100 Pips two TPS
CONFIRMATIONS WRITTEN DOWN ENTRY OFF OF 4HR CLOSE
Confirmations written down. Risking 25 pips for potential gain of 85 pips.
- BEARISH EVERY TIME FRAME - WEEKLY TREND CHANNEL + 4HR & 1HR TRENDLINES RESPECTING - PULLBACK TO PSYCH LEVEL/ MAJOR S/R - NO ELLIOT WAVE+ MM - CANDLESTICK FORMATIONS WEEKLY ENGULFING + DAILY ENGULFING+ 2HR ENGULFING - PULLBACK TO FIB LEVEL 2HR + ENGULFING - RISKING 20 PIPS FOR GAIN OF 50 PIPS
- WEEKLY TREND CHANNEL (creating LL's & LH's) PULLED BACK TO THE 78.6 ON WEEKLY - DAILY BROKE OUT OF CONSOLIDATION RANGE AND RETEST KEY LEVELS - 4HR CREATING LL's LH's & PULLED BACK TO THE 61.8 LOOKING FOR EXTENSION TO THE 41.4 - 2HR WE GAPPED & THEN DOUBLE TOP/ M + ENGULFING OFF OF KEY LEVEL - LOWER TF EMAS CROSSING OVER (NOT RELYING ON ON EMAS AS MUCH BUT...
Should have posted earlier but excuted after news today. Pulled back to 88.6 which is a confirmation for harmonic. Rejected 114 extremely hard. Daily Elliot wave complete. Daily doji. looking to risk 30 pips for 140 pips.
Daily Elliot wave completed. Micro wave completed (4hr) Inverse head and shoulders daily. Many more confirmations.
Elliot wave complted. Pullback to the 78.6 with all tfs up to 4hr emas crossing to downside. 4hr engulfing. Weekly doji. Risking 45 pips for first tp 100 pips and second tp 200 pips.
Entry: 112.890 Sl: 113.200 TP 1: 112.000 TP 2: 111.500
Daily Time frame we have completed Elliot wave. Looking for abc to be completed as well. We also had a micro Elliott wave(4HR) inside of this macro Elliot wave which gives me more of confirmations. Also to add we had a weekly bullish engulfing right off a major level 1.13000. Risking 35 pips for first tp 110 pips second tp 200 pips.
Completed Elliot wave looking for abc pattern to be completed as well. This goes for the 4hr and the daily timeframe. Have break of structure on the one hour time frame with a pullback and engulfing. Also have 1 & 2 hour emas crossings and 4hr about to cross bearish. Two take profits one at 113.0 and 112.5 risking 30 pips.
Trading against the trend here FYI. Putting this markup out before the trade is taken. But have some great confirmations if it gives us candle stick patterns and ema crossings. Looking for abc pattern to be completed because we have just completed Elliot wave. This would also be our pullback for the extension to the downside once again. The dxy also has great...
After Elliot wave we had our abc pattern be completed to the T on 1.15000 we have lower time frame emas crossings and the dxy looks to have some bullish potential. Risking 30 pips for 110 pips
Trading against the trend here. but looking to buy the pullback which would also be the abc correctional wave pattern to the elliot wave that was completed. Targets are 38.2 and 61.8 final tp is at psych level 1220. Risking 30 pips have lower time frame emas crossing with candle stick patterns forming on higher tfs.
Alot of exhaustion on the Daily time frame around the 1237.5 level. We also have a M created on the Daily as well with emas coming closer and looking to turn over. We also had a break of 1225 a quatrely level and the 1-4hr emas have crossed to the downside. Also M on the 2 hour looking for 1220 for the first target and 1212.5 the second target. Risking 30 pips
Gold was down trending for several months before falling into consolation on a daily time frame and that lasted several weeks as well. We finally had our impulse out of it and never returned to retest that consolidation zone. On the 4hr time frame we have been consolidating as well and now have fallen just shy of 1125 which is a quarterly level. If this breaks I...