It seems that a wave Y is nearing completion? I have set up one Position to be active on Market Open to trade LONG until the end of wave Y. My SL is slightly larger than usual due to the fact I have missed out on the breakout, however I'm expecting another fibonacci to appear before the push upwards to TP#1. This is a high risk trade so Money Management is...
It seems wave 3 is in progress on the minor period? I have set up a Short Stop breakout trade. The trade will be active on breakout of structure to trade the remainder of what seems to be a wave 3 and wave 5. Most likely I shall add another position if a wave 4 structure appears, to trade a second position on wave 5. Note: MACD has NOT confirmed a wave 3 and 5,...
It seems we are setting up to complete a Wave 2 on an Intermediate Period and Wave C on Minor Period? I have set up 2x positions for this trade. First SHORT and then LONG, once wave 2 has completed. 1) On market open, Position#1 will be activated SHORT to trade the remainder of wave C on Minor period which completes wave 2 of Intermediate period. 2) Once wave...
This pair seems to be in a correction and seems to be completing a Wave W-X-Y (Not yet confirmed) on the Intermediate period, currently going Short on the 4H and Daily. It seems we are past the mid-way mark of a Wave Y (Just missed out on a good Short Entry so I will wait for another structure trigger for entry). If I'm unable to get a good entry, I'll wait...
Currently there seems to be an opportunity to trade the last portion of a Wave A from breakout. I've currently set up 2x positions. 1) Position 1 will trade the breakout of structure with TP at end of wave A. 2) Position 2 will trade the breakout (once it is confirmed/formed - of wave B) of Wave C TP. Risk to Reward is high risk for Position #1 and for Position...