surfingman_86

surfingman_86 Updated 

LONG TRADE IDEA ON EUR/USD. THE PAIR IS OVERSOLD. THIS TRADE OFFERS A 5:1 R/R. PRICE ACTION BROKE BASE AND PRICE CLOSED ABOVE BASE THEN RETRACED AND PRICE BOUNCED OFF THE SUPPORT LINE.

surfingman_86 Updated 

EUR/GBP PRICE ACTION BROKE BASE UPWARDS. MACD AND RSI TURN BULLISH FROM BEARISH. THIS TRADE HAS A 3:1 R/R. 200 MA MIGHT PROVIDE SOME HEAVY RESISTANCE BUT IF PRICE ACTION BREAKS THROUGH IT, TP WILL BE ATTAINABLE. EXPECT TO HOLD THIS POSITION OPEN FOR A COUPLE OF WEEKS.

surfingman_86 Updated 

AUD/CAD HAD A LONG SWEPT AND JUST BROKE BASE. THIS IDEA BRINGS A 3.3:1 R/R. RSI JUST GOT OUT OF THE OVERSOLD AREA AND MACD TURN GREEN.

surfingman_86 Updated 

GBP/USD provides a great setup for a short position on the 4hr timeframe. Easy and not complicated. This trade is 2:1 r/r ratio.

surfingman_86

potential reversal on Ethereum

surfingman_86

It seems like we have just finished Wave 3 from the Elliot wave count. It looks like we started working on wave 4. best way to play it is to take a long position to $5700 price target which using the fibonacci retracement puts it at the .50 extension(very likely to hit it). Also is a strong resistance area. If BTC goes below $3100 it means that we are still...