jannatul96

jannatul96

...

jannatul96

Reasons for Long - Major Support, Bounce expected - RSI divergence on 1H and lower Targets TP1 - Between 0.5 - 0.618 Fib and minor Resistance TP2 - Below Minor Resistance TP3 - Below Major Resistance

jannatul96

Pullback/Retest then continuation of downtrend Reasons for Pullback - Bull RSI Divergence can be see on the 1H and lower - RSI has hit 30 on 1D - Oversold Reasons for Continuation: - Breakout from pennant - Target for pennant has not been reached, more to go - Major Resistance as been broken Reason for 0.236 Fib - Strong bearish wave, don't expect a deep...

jannatul96

My Long position had been invalidated. Reasons to Enter Short: - Ascending Channel Broken. - RSI support broken - Wave 1 Support has broken (Previous EW count invalidated) Reasons not to enter Short: - Next Major Resistance (BLUE) is too far, making the R:R bad, Entering on Retest if resistance.

jannatul96

Break Out and Retest done SL at previous High Target: Next Major Support

jannatul96

Reason to go Long: - Inverse Head & Shoulders pattern - Rejection at Support on 1D Reasons not to go Long: - The neckline touch between left Shoulder and the head is just a long wick and can only be seen on the 15M Targets: TP1 - Just Below 0.618 Fib of previous Swing low TP2 - Inverse H&S target Risk: 33 Pips

jannatul96

Reasons to Enter short Price has broken out of the Pennant and is retesting. RSI resistance is holding at 55 I am placing a small order Retest at between the 0.382 and 0.5 Fib Target is the vertical distance of the pennant

jannatul96

Reasons to Enter Long: - Elliot Wave count says ABC Correction could possibly be finished and wave 5 is about to start - Doji Candlestick at 0.618 Fib - Rejection at Wave 1 Support. - RSI Support is Holding at 40 (Brown's RSI Rule says uptrend is still valid) Reasons Not to enter Long: - Major Support is broken and may be retesting - Up trending Channel...

jannatul96

Weekly: Appears to have broken out from Symmetrical Triangle and Retest is completing/completed Daily & 4H: Rejection At Trendline Support - 3 confirmed Touches(Two black line) Rejected of 0.618 Fib Approaching RSI support at 45 EW count not clear May enter small position now. May place pending entry at 0.786 Level right above Wave 1 support Will enter fully...

jannatul96

- EW says ABC is complete, At Wave 1 Support. Wave 4 can't go lower than Wave 1 High, So large wave 5 should start now - Fibonacci Extension is at 1:1 for ABC - Bullish RSI divergence on 4H - At Trend line RSI Support on Daily - At Channel Support Even though USDCAD just broke through a major Trendline on the daily, I still believe There is a intraday bullish...

jannatul96

Daily: - Doji at wave 1 Resistance & Channel Resistance 4H - Bullish RSI Divergence on 4H Waiting until Daily close

jannatul96

Wave 1 cannot retrace further than Wave 1

jannatul96

Waiting until break of RSI support and Trend line Support

jannatul96

RSI - See Blue line on RSI and on the Main Window, Price forms Lower Highs, RSI forms Higher Lows. This can bee seen on 1H and less Elloit Wave - Just like Euro Yen, a 5th wave is left I've Closed my longs for now, will look to enter a small amount again around 0.618 Fib on 1D chart as it shouldn't go below wave 1 support (assuming my count is correct)....

jannatul96

RSI Tells us two things - Cannot seem to break resistance at 50 - Hidden Bearish divergence (Price Makes Lower High's, but RSI does not make lower highs, look at coloured arrows) Both tell us further downside is to come Elliot Wave - According to my count, Wave 3 finished off with a nice 100% extension. - Wave just completed a nice 0.382 - 0.5 retracement -...

jannatul96

Just in-case it does breaks down...

jannatul96

I don't believe price is going to break down just yet. EW count key: Purple with (circled numbers) - 1st degree wave Green - 2nd Degree wave Black - 3rd Degree wave Blue - 4th Degree Wave Red - 5th Degree My Elliot Wave count says a small 5th wave in the Red 5th degree remaining, however I am not convinced. It appears to be forming a truncated 5th wave but...

jannatul96

Previous set-up hit SL below the 0.382 Setting some pending orders at 0.5 and 0.618 Fib. Will add to position if a reversal is clear