iSummer

iSummer Updated 

Possible ABCD pattern with a good entry right now given the converging supports at two fibonacci levels and a trend line. Entry now at 1.07285 Long to 1.09633 Short at 1.0933 Take profit around 1.07285

iSummer Updated 

After that gorgeous 5 wave structure down, I think uj is about to enter a corrective structure. Short now at 111.259 Take profit at 110.80

iSummer

I'd like to wait for the setup to be completed and a break to be clear to short EURUSD. tp1 1.06664 tp2 1.06296

iSummer

Last week I had suggested that what now is my wave 1 of III was my whole wave III. What if its only the start of wave III and we are up for a huge bull run? Very cautious on this until further confirmation, entry now at 1204.62 Tp 1 116.671 could def go beyond that tp, I've price action shows that we just initiated wave 3 of III I will probably be adding more...

iSummer

Since the wave II was a simple correction and we have already completed an abc correction in gold making a IV wave, we could be looking either at a wave V or a more complex wave IV correction. Either wave a short seems to be valid. entry now at 1204.60 tp 1184.60

iSummer Updated 

maybe waiting for data to confirm break out either way? staying out for now. I'm biased to the down side and will most likely trade a break on the way down.. wouldn't trust so much a break up unless some really bad data comes our USD way. Trade safe.

iSummer Updated 

not sure about the take profit.. still think it's an uptrend but a little scalp doesn't hurt anybody. proposed take profits 114.608, 114.334. Trade safe.

iSummer Updated 

I'd like to buy small lots on corrections close to 114.101, even if it falls to 113.588 which are first wave Fibonacci retracements. If my count is right and we finished the corrective wave II and we just saw the the wave 1 of III then we should be gearing up for a nice bullrun on a wave 3 of III. I'm entering small long positions and plan to take profit around...

iSummer

expecto some support at 0.236 (1.05264) but ride it all the way down till 1.049 good idea to take profits at that 0.236 Fibonacci

iSummer Updated 

just trying this out as I'm getting into Elliott Wave. I'm already short EURUSD following this idea :https://www.tradingview.com/chart/EURUSD/TLXBIYUI-EURUSD-Short-at-the-fibs/

iSummer Updated 

This a first try and it meets all the Elliott Wave rules: 1. Wave 2 cannot go to a new price low. 2. Wave 3 can never be the shortest wave amongst wave 1, wave 3 and wave 5. 3. Wave 4 never ends in price territory of wave 1.

iSummer Updated 

gearing up to continue that down trend?

iSummer Updated 

I'd be careful on this, would look for a confirmation of a break but the double top is looking good. Entry around 1.05963 close to the break if it happens or earlier u feel like taking more risk. crossing 1.05850 would confirm it enough for me. TP1 1.05619 TP2 1.05436 Good luck.

iSummer Updated 

Pattern complete, looks like a classical ABCD given the CD leg. Short now at 1.01833 Tp1 1.01561 Tp2 1.01462

iSummer Updated 

My favorite kind of pattern, a smaller pattern within a bigger pattern of the same type. Linked is a bigger ABCD pattern on an 60min timeframe (link below). Pretty simple: Entry at D at 111.564, Take Profit 1 at 111.757, Take Profit 2 at 111.909. I like this while waiting for GDP and Trump's speech, seems less risky than the longer time frame trade because of...

iSummer

We did storable a bit to continue to D but with the recent rallies we are well in track of the time it should take to complete CD for AB and CD to be symmetrical. Since we have crossed B, I'm assuming we are going to get to D and for it to extend little beyond D since it has struggled a bit on the way up. I like the fact that there's a Fibonacci retracement...

iSummer Updated 

So we finally broke or indecision triangle and seem to have something more of a trend downwards on usdjpy. For next week he have big two big events for the USD: GDP number and Trump's speech. In my opinion, depending on those two numbers we might get a bounce up sooner or just accelerate towards D. I see some strong support before getting to D because it would...

iSummer Updated 

Another indecision picture like the one on GBPUSD (link to that idea below) which, to be honest, surprises me a lot since fundamentals for the US seem to be so good relative to other developed peers and a rate hike is on the horizon, as shown by the implied probabilities in Fed Futures Rates. According to that, I'm long on fundamentals in the medium term and I...