aslamhammad

aslamhammad

I redraw the elliot waves.....To recheck.......Still Point E should be down :p....

aslamhammad

Setup A) Short @ 1.9659 Tp @ 1.9606 SL @ 1.9800 Setup B) Buy @ 1.9560 TP @ 1.9900 SL @ 1.9300

aslamhammad

Short @ 0.9512 TP 1 @ 0.9434 TP 2 @ 0.9370 SL @ 0.9612

aslamhammad

Short @ 0.9512 TP 1 @ 0.9435 TP 2 @ 0.9362 SL @ 0.9612

aslamhammad

Just checking with elliot waves to see complete structure formation with fib ratios :).... Found good support @ 23.6% 1.4424 (Point C) Second opportunity presents after False break indication (Point E) Inside bar candle @ E Third Opportunity presents again at Point X @ 38.2% 1.4495 (Rising Three Pattern)

aslamhammad

Well i tried drawing the elliot waves....and it seems it's a complex correction structure forming :).....Known as Inverted head & shoulder :). But We need a close above the inside bar candle that' currently not showing clearance to upside yet....So, I would wait for it to close above 1.2640 first. Than will try to buy it. Hint for USD/CAD==Crude Oil price...

aslamhammad

Short @ 1.2600 TP @ 1.2500 SL @ 1.2800

aslamhammad

Short @ 1.1081 (FIB Ratio 0.618 known as the Golden Ratio) :) TP @ 1.0850 SL @ 1.1300 Head & Shoulder type pattern :).... Main neckline around 1.0850 (0.382 Fib Ratio) so if that breaks, we will see EUR/USD further down to 0.236 Fib Ratio (1.0702$ for 1€)

aslamhammad

short @ 0.9592 TP @ 0.9440 SL @ 0.9800

aslamhammad

Well i tried drawing the elliot waves, and after drawing all waves, it looks like head & shoulder pattern. I think Price can fall again below the Golden Ratio 0.618 area.....As if we note the gap, it shows that price broke below this neckline earlier...but made a temporary swing from 38.2% area.....According to the daily time frame, it is still possible to see...

aslamhammad

Currently 2 setups.... Setup (a) Short @ 95.65 TP 93.05 SL 98 Setup (b) buy @ 92.06 TP 95.65 SL 88

aslamhammad

buy @ 123 SL @ 120 TP target 1 @ 123.50 TP Target 2 @ 123.90 TP Target 3 @ 125

aslamhammad

Buy x25 (500pip low leverage setup) Buy @ 1.2515 TP Target @ 1.3000 SL @ 1.2000

aslamhammad

Short @193.23 (Golden Ratio=61.8%) TP Target 1 @ 191.62 TP Target 2 @ 190.62 SL @ 194.50

aslamhammad

Short @ 1.5650 (Fib Golden Ratio 61.8%) TP @ 1.5250 SL @ 1.6150

aslamhammad

Short @ 2.0400 TP @ 2.0023 SL @ 2.1000

aslamhammad

Buy @ 0.9250 TP @ 0.9500 SL @ 0.9000

aslamhammad

Well currently the price has formed a double top, we also have a shooting star candle at point 3 around 62.48$. Currently 2 places to short: Short Entry 1: Short @ 0.764 Ratio==57.75$ Stop loss @ 63$ Take Profit @53$ Short Entry 2: Short @ 0.618Ratio==54.85 Stop loss @ 63$ Take Profit @ 50.16