This is how i see EJ playing ot over the next 18 moths to 24 .Enjoy
looking to possibly break top , long term trade so wait for pullback to buy into .
trade taken at 10 am friday 7th sept , expecting a decent move down now to 9.20
This has been consolidating for a week now as is ready to make the next move to 195 area . If it goes add on pullbacks
Ok so commodities have be smashed across the board as the dollar powers on . But change has to come , and i believe that will be September onwards . Silver is a buy imo and we could see the dollar begin to decline, even if this make a correction just for a few months its great R to R .
This pair has been smashed , now i believe we are getting to the end of the current cycle , so a bigger correction is due and with current drop in oil , this could rally 300 pips , wait for the impulse and buy the pullback .
I think this is a good opportunity to go long GBP. great Rto R , im in already but put a buy stop above the close today and watch it fly ... 1st pt 1.85
about to break hourly , let it make a flag and sell it to retest bottom.
5th wave completion and ABC correction in progress , short this on trendline break or wait for flag , down to 0.80
let the flag complete and sell this pt 1.35
Just throwing this out there , but to complete a 5 wave down on the MONTHLY TIMEFRAME , we are looking at 819 before a solid abc correction. It will be interesting to see what happens at 1100 and below .... wont be going long just yet !!!
hi guys , long corrective downward structure is getting more shallow giving us a rounded bottom. Its like an ending diagonal. I think around 1.45 would give us a nice place to go long this market to begin a long term wave 3. Not yet but a heads up for the future. I dont think it will retest the low below 1.40 , but well see. trade safe .
This pair has made a double top and is approaching the neckline, this will be a nice trade to the downside , hence my earlier post on a smaller timeframe . happy trading
part of a corrective structure , sell with profit target at 9300, stop above 94728. Decent R2R. break above the pink trend line would negate for now but this market is gong down. the daily trendline has be broken so let it make a flag and sell.
After a quick retracemant to fib level , this is ready for getting short again. Im in the trade and will take some profit at the fib trendline cross and move my stop to break even , letting the remainder ride . See chart markings . If this continues to the downside over the next 2 days i will look for a retracement to add to my postion. trade safe
This has broken the neckline on smaller timeframe and could give us a nice buy , i think i will wait until the neckline is retested before buying. These patterns can and do fail so trade with care . the trendline above price is the daily so a retest of that would be very nice.
So Here we have a nice Head and Shoulders on the daily timeframe. Price has tried to pierce the neckline but has been beaten back . So we have 2 possible outcomes . 1 To hold above the neckline and make a strong impulse to the upside , or to fall below the first daily trendline and sell off to 2nd trendline. One way or the other it will blow , our job as traders...