who can help what is going on in w4? :) thanks a lot
daily bar closed finally above 3x3 target at 50fib
AUDUSD, NZDUSD & USDCAD watch for B&B pattern now should occur pullback from 38fib and 50fib trust down/up (for CAD) first target is 61fib retracement from 38 and 50 fib
example of B&B pattern from Joe DiNapoli.
another DiNapoli DRPO possibilty to enter long when next (or within 2-3 days) candle close above 3x3. stop on close (not penetration) below 117.21. if closes below 117.21 enter short (in many case when DRPO fails it fails miserably. it means there is a chance for nice move down)
broken daily resistance. next around .759 what is also ABCD ascending broadening wedge + rsi divergence some pullback should occur to .7500. maybe also to .74?
Buy on first retracement if 4H closes above 3x3 (or buy directly after close). immediate target 382fib @72528, then 0.72778 if some of next 4H candles close below 0.71961 then go short (DiNapoli DRPO)
another DiNapoli B&B pattern on weekly chart + possible H&S pattern on H1 B&B pattern: at least 8 (and more) candles above SMA 3 (offset is 3). then first retracement (38.2, sometimes 50%) hit within 3 candles 1st target is oposite retracement to 61.8
buy half at 38.2, half at 50 fib retracement. first target is 68.2 retracement