OceanicFX

OceanicFX

Back test 3.

OceanicFX

Back test 2.

OceanicFX

Back test 1.

OceanicFX

Thoughts on this...

OceanicFX Updated 

On the completion of wave 4 (expected: 30% - 50% fib retracement of wave 3) we look to buy wave 5. As wave 3 wasn't extended I am expecting wave 5 to extend and spill over to at least 61.8% length of wave 0 to wave 3, at 1.04500. Was formation is created, I will be looking to enter on a moving average cross (10,20) and when the Elliott Wave Oscillator is showing a...

OceanicFX Updated 

Wave 5 is about to commence. As wave 3 completed within 161.8% fib level, we should expect wave 5 to be extended. Therefore look to bank profit at 61.8% fib level and above. Entry signal = price closing above Alligator, >2 consecutive bullish Ashi candles, CCI(14) in > 0 and EWO commenced wave 5.

OceanicFX

Wave 5 about to commence. As wave 3 was over extending we will be expecting wave 5 to retrace at a double top, this level also marks weekly resistance level 1. All technicals looking great for this trade, the trend is up short and long term, above weekly pivot (up trend), CCI(14) above zero, price moving above Alligator, price pressure is positive. Entry look to...