Looks like the price is not going to break the top in this wave, and this pattern looks like a big complex correction pattern and it is breaking down. if we get a downtrend impulse this time, i think that prices will break 0.03 level to go lower. Buy again at 0.02-0.01, if there i will see a new accumulation pattern Always trade with care and have fun!...
the prices are compressing after that big impulsive candle , stop sell order below the last low with SL above that flat pattern if the trade moves on that direction , move your SL to break even , because i dont belive that this will be a trend reversal point Always trade with care and have fun! risk only 1% of your capital money managment will save your...
Hi Traders , this is my long term analysis on USDJPY chart, it is just my view of the patterns that these waves could form and remember that "The Markets surprise, always" Right now there is an high probability that the USDJPY chart could create a similar structure like EURJPY chart if we start from the impulse of Novembrer 2016, we can assume that the chart is...
there is the chance to short OIL for a short term trade if it doesn't keep the 54-55$ level i'm expectin a pullback to the lower part of the trendline . let's see if this market will create a good pattern to short. i will long oil only if it will reach the base of the trendline after if i see an impulse starting from there . wait for daily closure. trade with care.
PATTERN A the prices could consolidate an go up to 121.500 if the prices create a bear flag, we will look for a short to 118 PATTERN B the prices could stay for some days in Area 2 (like Area 1) , we could see some spikes to downside. if another upside impulse with a correction to zone B will start , we will look to enter long to 124 risk only 1% of your...
it looks like an easy pattern to trade but wait for confirmation do not enter now. the trend could consolidate before go up again or follow a classic elliot waves pattern right now i'm neutral , this could be a nice short term trade. risk only 1% of your capital money managment will save your life. Happy trading.
ENTRY 17.200 STOP LOSS 17.350 TP 16.700 area , look for R/R 1:2 - 1:3 risk only 1% of your capital money managment will save your life. Happy Trading
wait for the confirmation of the uptrend , we need a daily green candle close stronger above the prices . otherwise a double top will form and i will Short below the support line or try a short near the resistance with a tight Stop loss. risk only 1% of your capital money managment will save your life. happy trading.
this is still a downtrend , but there is a big compression of volatility wait always for a confirmation pattern risk only 1% of your capital money managment will save your life. happy trading.
0.70 it is a good range to look for a short let see how prices will react at these levels wait always for a confirmation pattern risk only 1% of your capital money managment will save your life. happy trading.
5.70% retracement without a strong pullback, the prices touched the 200 MA split your position into 0.25% 0.35% 0.40% , there is an high risk that prices could go under 200 MA before bounce up again wait for daily breakout and a green strong candle as buy signal stop below 9.45 risk only 1% of your capital, money managment will save your life. happy trading.
STOP LOSS 118.200 stop loss near the last high . STOP ENTRY 117.490 wait for the daily candle close under the last open TP1 116.5 TP2 115.5 risk only 1% of your capital, money managment will save your life.