edoyuwon1909

edoyuwon1909

This is one of the scenarios that may occur. Correction zigzags that will form a channel. but This is not a fix plan, Besides, this picture is for the long term. We still need to analyze the daily movements that occur. so I will continuously update base on the movements that occur daily. Follow me for more updates and posts. lets make friend :) share your...

edoyuwon1909 Updated 

yesterday, right after the fed announcement, the price went up to our selling area then today we see the price seems smoothly fall as we expected. for those who read my post yesterday will surely found a H1bearish engulfing and would be happy with the result but now, our concern goes to the pattern of the correction. it's for sure an ABC (3waves) but it's...

edoyuwon1909 Updated 

the price is moving toward our sell area, (my previous post) if we find any bearish clue in H1, we can take short position it can be bearish engulfing, shooting star pattern, choch, quasimodo, etc dont forget that our leading diagonal signal will be invalid, if the price break the last swing high(1.098) good luck

edoyuwon1909

this is an update from my last post. a leading diagonal (12345) is: - first wave (1) of a bigger 12345 wave - first wave (A) of motive wave ABC from that point of view, we expect at least the price will break today's swing low good luck 😉

edoyuwon1909

As I've been posting recently, I've been leaning towards a buying position. However, looking at the movement over the past two months, it seems like I'm changing my mind. The reasons are: - zigzag correction formed over the past two weeks (check my previous post) - the rapid upward impulse doesn't seem natural to me; I suspect it might be a trap for the last...

edoyuwon1909 Updated 

it's been a very corrective this whole 2 months but i still think it would go up. Good Luck!

edoyuwon1909

though our uptrend bias is correct, but not as we expected, the price not retrace to1.08 i personally dont have enough buy position this week, lol as we can see on the chart above, the chart form a channel and reach its resistant the channels can indicates this is an ABC correction, if theis scenario happen, it means the price will soon continue the old...

edoyuwon1909

For those following my idea post, you probably know that my bias is to buy on EUR/USD. The basis for this idea is the already formed leading diagonal. However, we are currently caught in this long tiring corrective pattern. And today's price movement may confirm that the corrective pattern is neither a zigzag nor a descending triangle. So far today, I predict...

edoyuwon1909

as seen on the chart, The price has touched the trendline (resistance), and we are unsure whether the price will break upwards or make a rejection downwards. In the previous analysis, I predicted that the price would continue the trend. However, upon reviewing the recent movements, where there was a price gap below, and the price rose in a 3-3-3 pattern, we...

edoyuwon1909

as we predict yesterday, the price goes up to continue the previous trend after a long ABCDE correction. as wee see the price gap ar the bottom of the ABCDE triangle, if you got a long position, it's good and wise to take some profit at this point. tell me your thought about EURUSD in the comment box, and good luck!

edoyuwon1909

it has been a long and tiring whole week of ABCDE correction the 3-3-3-3-3 combination is perfect and we look forward to the price to continue to go up if you have anothee opinion, please share your thought with me good luck

edoyuwon1909

2023 is a long and tiring wave 4 and 5 of this impulse. January-September is wave 4 that form as flat correction it may trap some of us with fake breakout on the up-side and down-side but the Monthly TF told us that, those are fakey and only a flat correction now the price is rallying for wave 5, remember to stop buying if at the end of this wave we'll wait for...

edoyuwon1909

the price seem to face a hard resistant at 1.10100 (fibonacci ex 361) i expect the price will fall at least to the 323 fibonacci level at 1.086 so i'll hold my short position and set the TP at 1.08750 NB: it's too risky to make a buy limit at 1.086 lets wait for the price action at that level

edoyuwon1909

in my previous post, we know that EURUSD will make a downward movement. short will be a good choice until year end

edoyuwon1909

Its a perfect 1-2-3-4-5 impulse wave with Fibonacci match its swing high at 423% we believe there will be at least a corrective wave to 50% of the impulse the most high probability of this corrective wave is a zig-zag (A-B-C) and if we look a little bit closer we will find some imbalance area at fibonacci 23-38% so i expect the price to fill the imbalance before...

edoyuwon1909

Its a sell signal.... we would like to see a dowward movement until we found any another chane of character hope your trading day will always make money

edoyuwon1909

Sideways will always be the hardest part of traders who trade ith trending strategy here's my prediction in the upcoming weeks NB: in my opinion, this sideways movement is a correction wave of the previous bullish impulse share me what your thought in the comment box below

edoyuwon1909

1:4 RISK REWARD RATIO e can set the target at the last swing low or even further to 1.055 hope you ave a nice day and a good trade