Hungrypippo

Hungrypippo Updated 

Impulse intra-wave 3 (should be fast and furious??) Prepare for the 3rd intra-wave down (of the bigger TF's 5th wave). As expected, market has retraced (upwards) to our earlier analysis to Fib50 levels and missed FIB61.8 by some (for now). Price gapped up and rose past FIB50 and has not exactly tested FIB61.8 yet. Let's monitor through the Euro and US sessions...

Hungrypippo

Impulse intra-wave 3 (should be fast and furious??) Prepare for the 3rd intra-wave down (of the bigger TF's 5th wave). As expected, market has retraced (upwards) to our earlier analysis to Fib50 levels and missed FIB61.8 by some (for now). Price gapped up in the opening of the Asian session and rose past FIB50 and has not exactly tested FIB61.8 yet. Let's...

Hungrypippo

(A Long then Short plan if you dare) otherwise wait it out and follow the trend. Seems like the 1st intra-wave of the bigger 5th wave down has rejected the previously drawn Support on our charts (temporarily). *Link to previous chart is attached. Could it be the start of a retrace (ie wave 2)? If it is, a good entry for a further short at 23,580 level area (in...

Hungrypippo Updated 

Elliot corrective wave 4 seems to look like a bearish pennant in the making. Price move for wave 5 could be in confluence with Fib50 /Fib 61.8 retracement and some major resistance. Big move downwards should nearing. TP1 can be placed at previous lows (at (3))

Hungrypippo Updated 

Areas of Entry, TP and SLs are for reference in conjunction with various confluence in support and resistances. Use your own entry method within the high and low of the ellipse drawn. (*It could happen after or before the ellipse itself, the position of it is not because we know the 'time' it would happen --> Answer to a common question) May the wave be on our side!

Hungrypippo Updated 

Looking for a retrace to a support in confluence with Fibs and support zone (ellipse) for a good impulse to TPZ1 (near previous highs) TPZ2 (confluence of resistance area and Fib ext). A very good R:R awaits if the pullback succeeds.

Hungrypippo Updated 

Looking to add to Longs at 140.67 levels. TPZones remain the same. Please see previous analysis on this pair in link below.

Hungrypippo Updated 

Price has broken above wedge trendline, tested the red horizontal resistance and is currently retesting upper wedge trendline. If price can close above red horizontal resistance zone we could see price moving higher to Black dotted line b4 making a retracement to retest red horizontal resistance (turned support) to head to our TPZ1 n TPZ2. Alot if 'IFs' here,...

Hungrypippo Updated 

Would like to see price break above current resistance and form a Higher-high at a confluence of resistance and Fibonacci. Thereafter retrace to resistance turned support where we will monitor PA for a Long entry. towards TP1 and TP2 zones. *Will stay on the bullish side in line with the analysis (linked below) of a impulse to the upside coming on the monthly TF.

Hungrypippo Updated 

Looking for market to retrace to a confluence level of Fib50 and resistance before going short. Take Profit Zones (TPZ) are based on the confluence of Fib and support areas.

Hungrypippo Updated 

Price is currently at a small support zone. Structure is still Bullish for now. We are expecting price to retest the purple trend line. It would be best if it is at the circled zone for confluence with other support factors. Monitor PA for an entry. Trade invalidates when daily price closes below trend line (for now) R:R is 1:2 for TPZ 1 (previous highs)...

Hungrypippo Updated 

MTF breakdown to look at the price pair through a bullish or bearish lens for direction. Monthly Bullish since Aug 2012 -> could be turning Bearish. It is only confirmed bearish if Jan '17 lows are taken out (thereafter retested and rejected) However, price broke rising trendline. If trendline is retested and rejected, there is a good chance of more downward...

Hungrypippo Updated 

We would like to see the market take the prices down to the green line (zone) marked out with an oval, before taking a Long position with a PA. Prices have to close above TPZ1 (Stronger resistance) for continuation to TPZ 2. May the wave be on our side.

Hungrypippo Updated 

Price has finally made a break to the downside of the consolidation. It would be best if the bar can close below the resistance area and we hope to see a retrace to retest the support turned resistance and the trend line creating a PA with momentum for a valid trade. One for the road!

Hungrypippo Updated 

Big move upwards is near.ing Trading plan: Watch out for POI1 and POI2 for the end of current retrace and an impulse to the upside. We hope market can bring us to POI2 on current momentum for better confluence. Monitor PA for entry. 2nd confirmation comes after breaking yellow trendline. Else, if market turns around at current support ie POI1, Monitor PA and...

Hungrypippo Updated 

If price can retrace to the 131.5 to 131.9 region, Depending on how it moves up, we'll take an aggressive Sell Limit at green /orange boxed zone. Safer entry is to wait for another PA Sell signal to show up. In the monthly TF we are expecting bullishness to show up in the near term. In the weekly TF a bullish momentum followed by a retrace to the downside seen...

Hungrypippo Updated 

A Daily significant level that was chosen had a price action that was deemed bullish. Expecting the price to retrace to a Fibonacci 61.8 level (which is in the same area as another chosen monthly significant level for TP. SL is set slightly below the wicks of previous daily bars. R:R is 1:3 for this.

Hungrypippo Updated 

GBP is relatively strong with lots of support zones below current level. If GBP is able to retrace to the green fib zone (or towards a harder support below that, will be ready to go Long to where the arrow points. The TP is at the zone of a few technical conf