ZeonFx

ZeonFx

The price tends to complete wave 4 and wave 5. There are two entries where Fib Extension overlapped with 38.2% and 50% of Fib Retracement. Both points are comply with support and resistance. Entry with your own style of price action when price hits those zones. TP1: 14340.48 TP2: 18194.45

ZeonFx Updated 

It will rebound from the point where Fib Extension overlapped with 50% Fib Retracement which comply with SBR zone. Cut loss if the candlestick closes below 42.76 TP1: 43.84 TP2: 44.73

ZeonFx

I will wait for it to touch the area where Fibonacci Extension overlapped with Fibonacci Retracement that comply with support before and the trendline. Cut loss when the candlestick close below 0.12333 TP1: 0.14352 TP2: 0.16338

ZeonFx

It will rebound at 0.95560 as it is the point of 100% Fibonacci Extension + fresh resistance. The price might hit TP1 and immediately goes up or hit TP2 depends on the news and sentiment. Close position if it hits TP1 or close half of the entries and breakeven the rest. Cut loss if the candlestick close above 0.95616

ZeonFx

We'll just wait. Follow the analysis. You can enter short now with the following SL or wait for the price to break the Trendline

ZeonFx

You can enter long now with small lot, if the price keeps going down, enter long again with the bigger lots.

ZeonFx

The chart is still in corrective flat according to Elliott Wave observation. Two possibilities for it to happen: 1. The price goes down to the ENTRY point (0.90386) and continues to go up 2. It goes down further breaking the support at 0.90186. Careful with corrective wave.

ZeonFx

The price rebounded perfectly from 100% of the Fibonacci Extension and continued to go higher. Once the market opens it is not too late to enter long. I am aiming the price to hit TP4 because the momentum in higher TF is still rising

ZeonFx

Prepare for the moment when the market opens.

ZeonFx

I'm going to wait until the price hits 'LOW RISK ENTRY' (1.69792) and get into long position at that point. You can enter long with a small lot at the point 'HIGH RISK ENTRY' (1.71604), and if the price continues to go down, increase the lot size. Everything depends on your risk tolerance

ZeonFx Updated 

CAN INSTANT NOW

ZeonFx

TP AND SL AS IN THE CHART