Now that the E is completed, i feel free to open even more shorts for the GU pair. Just wait for a flag to confirm the downside. Might go for a higher high in the short term, but overall I am looking for the downside.
That's my view on silver. The TP level is 18 considering we might be near the end of a daily correction. Overall a pretty good trade with good risk/reward ratio.
I expect a C wave to complete the 3 wave pattern to buy, but the short here seems a good idea since the P/L is good enough.
I think the chart speaks for itself. There is a flag in the 15m and 1h charts which confirms 1 more drop before the move up.
I have been trying wave analysis for the last 2-3 months. This is my view on the EU. I don't know if it will stop at the bottom but it's still a nice trade.
I expect a big move up. Wait for breakout to the upside and correction on smaller TF. Break to the downside will negate the trade.
Looks like a flag, but when/if it forms new low we might see divergence on the RSI and Momentum which could lead to a bigger correction. I will just watch it for now
Flag breakout, i am entering with a small lot. Long term, it may go back to 100.XXX level where i will be looking to buy.
In my opinion a drop is to be expected. Head and shoulders pattern + bear flag
Possible short entry based on trend lines and momentum
200 EMA is hit as a resistance as well as the trend line.