withoutmercy

withoutmercy

After the upward impulsive move, correction is now in place and I expect it to retrace 50% before looking for long trade. Maintaining long bias on this pair for now until market says otherwise

withoutmercy

This analysis is a reflection of last action projected into possible repeated action. The idea is to follow the trend. Even though retrace is expected , counter trending trade is not suggested, instead it is better to patiently waiting for correction complete then take the more rewarding long trade. Unless a strong impulse to downside is evident, we are in...

withoutmercy

It has been in strong downtrend and it seems that it begin correction. I assume the target zone for correction on the red marked area so from last price it is a 150 pips opportunity. This trade is not yet active, have to see how the market open tomorrow

withoutmercy

EMA trade after retracement

withoutmercy Updated 

I want them to retrace to previous resistant and look for next bull move from there

withoutmercy

obviously important zone because of the gap.The target is depends on your strategy. Trade with care

withoutmercy Updated 

There are some levels above and Fibo give me warning that this pair might not ready for short. Instead the EMA touch give us ideal entry for long toward next extension.

withoutmercy Updated 

Strong impulse toward downside shows that price has turn bearish, I am waiting for good pullback to follow this move

withoutmercy

This pair has been moving very nicely downside and I don't see the end yet, I can see the pattern on EMA 4 HR so I will just wait for pullback to EMA to evaluate if short opportunity would come again.

withoutmercy

Let see if this pair play my scenario, any retracement would be a good long but without retracement give us a higher risk , I don't expect change in direction unless I see strong impulse to downside

withoutmercy

I can see that price hanging on EMA on 1 HR chart The daily view assumption is for price to find previous resistant which later might turn to support, depends on how price open later today, should be ready for a short entry

withoutmercy Updated 

This set up was from previous post but still stuck because of deeper retracement, but finally price rejected after touch EMA on daily chart, the short should be smooth sailing now

withoutmercy Updated 

EMA trade

withoutmercy Updated 

Finally I got reaction around EMA to take one more set of bullish move

withoutmercy Updated 

As you can see that flag has been broken, Impulse move is clearly shown on the chart so we have to wait for some pullback testing the broken trendline or some kind of past resistant to take long trade, the key is waiting for the right moment to take advantage of this move. I will update once a trade set up appear

withoutmercy Updated 

The drop followed by rejection at EMA, I take this long

withoutmercy Updated 

Bias is bullish and price has been working in proper sequence where past resistant became support, expect to do it one more time toward retest the high.

withoutmercy Updated 

Price move from demand Fresh demand zone and show impulse move, get ready for hundreds of pips