sbaharis

sbaharis

on D1, we've found Elliot Triangle pattern. ABCDE. price bounced on trendline and hit our pending sell at the golden area of fib 61.8% and targetting 1.618% as TP.

sbaharis

Nothing new from my previous sell idea. opened position at 1764 after identifying ABCDE pattern and opened manually at point E. just added a new sellstop at 1755 based on triangle breakout on H1. Publishing this just for the sake of recording my trade for future reference and with luck, satisfaction.

sbaharis

being an Elliot Wave trader, i trade whenever the conditions of a pattern emerge. here we see a ABCDE triangle play. i closed my buy from 1750 at 1766 when i saw the triangle. only managed to enter at 1764 (shorting). SL is just above the high and TP at 1.618 extended fib, 1740.

sbaharis Updated 

Currently on buy bias based on Elliot wave trend and targeting D1 TF Golden Area (fib 50%-60%), I plan to look for shorting opportunity for a swing low from D1 GA to reach MN low of 1700-1680, where I'll enter a long term entry for bull.

sbaharis

On D1, we see price is moving in an expanding pattern, following the ABCDE pattern. on H4 the rising wedge broke, following the same ABCDE pattern. Placing a short with TP at 1.618 extended fib but slightly higher, targeting round number of 1.330

sbaharis Updated 

trendline plus demand zone analysis. expecting the price to fall.

sbaharis

based current biased of price reaching MN low of 1700-1680, found a sell setup based on fib and EW.

sbaharis

on the monthly chart we're seeing a massive cup and handle formation. i'm hoping to see the handle complete at the yearly low of 1700-1680 to form a double bottom and start the bull trend right after.

sbaharis

The pattern so far is going for the 5th leg on the Elliot Wave theory. on the 4th leg, we anticipated either a ABC correction or ABCDE, both being a retracement triangle up before the 5th leg down. so far, looking good. I'm looking to buy at the All Time Low, 1680- 1700.

sbaharis

price broke the triangle and are bearish. however, we are nearing monthly low, it would not be wise to open new sell positions.

sbaharis Updated 

since my bias is long and a breakout to the upside is expected, I place a small margin long position with tight SL, pre breakout. I'll wait for a breakout and retest to enter a medium-risk margin.

sbaharis

too lazy to type out stuff here. but you get the jist. Just want to convert my fiat to crypto. Bull-biased on DXY.

sbaharis

currently short term bear-bias with EU. will look for a small long entry at the support level and PO for short just below in case it acts as the neckline for the head and shoulders.

sbaharis

Price broke below W1 up channel (bearish) but has formed double bottom on D1 (bullish). this could either be a retracement or the beginning of a longterm downtrend. We'll see how this plays out. With the current climate in the UK on the rising cases of infection and deaths due covid, we may see another lockdown in the near future, bringing the sterling back...

sbaharis

Big news with gold as the US has decided not to vest gold. on TA, we're now on the W1 trendline, triangled by D1 downtrend. Main trend is up, so I'm bullish. No specific setup. looking for a long-term entry. On W1, from the bottom for the chart, we could count 5 waves UP and ABC correction which brought us where we are now. with the current narrative, gold could...

sbaharis

I've been eyeing the break of the level (as per drawn). my trade is simple. Break and retest. retesting the level, currently. will enter more at the break of the new high.

sbaharis

Break and retest of D1 resistance, to find higher support base

sbaharis

expecting to break all time high and find higher support base