i have been perfecting my entries, so I have few pips stop loss and less risk on my account.
the BTCUSD is near a strong resistance/support zone, there is 2 very strong zones, if both are broken, then i think we will see it testing the 5.800 level. i think there is another minimun yet to come. let's keep an eye on it (obviously half the world is watching)
In this case, according to my analisis, the EURGBP has retraced 50% from the last bullish swing, tested twice that level, has divergence against the RSI. I am going long up to the next support level, 100 pips. i use basic elliot wave analisis, but mainly fib retracement/extension, support and resistance levels, divergence and japanese candles formation. let's...
trading the main trend inside the channel. the target is calculated using the trend based fibo extension.
if the next candle confirms a bullish sentiment, I would go for +150 pips. let's see
Watch the magic, watch how amazing Fibonacci sequence is, and just by knowing a couple of japanese candle patterns you could have found an entry to go for +450 pips. it is not a secret, but you have to know how to use it. enjoy. Instagram : @luisgonzalo
if the next 4H Candle closes bullish, it is time to buy, TP +140 pips, risk is 35 pips.
possibly butterfly pattern forming. bullish again very soon. let's see. @luisgonzalo
see how the bitcoin respects very well the fib levels.
here is mi past forecast about the BTCUSD, just to show how it follows the Fib levels... I really like this pair.
… and this is what I think about the next moves for BITCOIN. after completing it's first 5 wave cycle, it should correct (3 or 5 movements, who knows) to continue with the ongoing 3rd wave. is still bullish and will remain bullish unless goes all the way down to ZERO. why? ask me why I think that. let's wait and see. good pips for everyone!!! LuisGonzalo
As i see it, it’s the beggining of the 3rd elliot wave for the EURJPY, looking for the 126.000 zone. This is a swing trade with a 190 pips SL.
Using trend based fibonacci extension, i expect the price to go at least to the 100% area. I’m going short, with 2 buy covers at 1.90800.
From the last impulse, i can clearly see how the price migth bounce back to 61.8 and then continue going down.