technicals are everything no time pivot available only price and pattern
Time Cycles are a really sore subject for most traders. and most traders do not know how to apply them correctly to a chart. My time cycles, in conjunction with fib, I am able to predict the exact time and price on when a market will turn in advance. Before you ever come together with a strategy, just ask yourself. What are the basic components that make up a...
Elliot and Leonardo confirm and say short
I would like to get above white zone to see 130s again. possible bat/crab pattern in the making
lets take a look at the weekly chart. We see that we have held this demand zone between 1.19538- 1.21211. With that over extended move starting from december 2016, we were able to get back into this zone that has proven itself from 2004 to present. with the 1.618 ext holding levels, we can see a possible 600-700 pip decline to complete the what seems to be the...
trendline fib and previous demand levels in play hold short
If you didn't go short last week you can short now
should look for higher prices with a decent risk to reward 300+ pips literally inverted to my eurusd setup
If the current 4hr candle violates zone look for 300+ pips?
1000+ pip hold remembr we are still in a downtrend
seems like the previous post's high has been broken so looking back at the weekly chart we are still in a downtrend and this is still a 3 wave pullback. Looking for a turn to the downside shortly
If there was anywhere the market would go it would be here. this fib level has been repeating for every pullback thats only if this high holds. this is a specil way of drawing fibs. If fib level breaks the trend has changed in my opinion
look for bullish setup anywhere from 1.27213 to 1.24721. Additional fibs were drawn to show confluence (yellow box). targets are anywhere between 300-550 pips once reversed
Decent trade setup should give you any where from 100-250 pips use 1hr price action for a nice entry!
Take a look at this. In elliott wave terms, in a symmetrical triangle scenario, this means trend continuation. but one of the key rules is that the previous wave (.72193) cannot be broken within the triangle so still be bullish. But it did. time to short stops at .725 tp at .382 measuring from may lows to highs after
Au currently in a indecision zone anywhere in between 75830 and 76105 while at the same time hitting the -.618 fib level possible reaction back south toward green demand level after 1 hr break (which it did) stops at or above .76250 (psych level) USE PRICE ACTION in conjunction with this analysis!
It is possible for eu to drop within the next 2 days for a move of more than 200 pips