4 Reasons to long at 45.25 (point C on butterfly)....take profit 58-59
Note
We have a bullish butterfly pattern forming..will extend to either 46.06 (1.272%) or 45.90 (1.618%) and should forrm a head....go .Long at one of these points.....may not go as far as 45.25 as trendline and this pattern will push price up....I will try and work out which price butterfly will go to....
Note
Butterfly invalid....bottom is probably between 46.00 and 46.20.....I think price will test this zone before going up....Trade active
bought at 46.25.....SL 45.80.....TP 58-59Trade closed: stop reached
Rookie error.. 45.80 is strong support....so at the best place to by....unlikely to go below this and lucky if it retests it...im convinced we are at bottom of wave 4...market might wait for NFP data which will likely boost price, this is what chart saysNote
opened another long position at 46.23.....right shoulder...trendline tested...support tested...Trade active
45.25!......another .long position opened....Note
Price will reverse at one of these levels..
Trade active
another long entry at 44.90...TP 58-59its oversold..4hr RSI is just 20........
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Don't be surprised if we finish day @ 45.80......then we have a lovely daily reversal candle....!!!!Note
You may think this is wishful thinking...but I've seen it many times...
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This is a 3 wave impulse move down.....im calling the bottom at 43.50...the blue line.....if it gets this far!!! I will buy here...and close the long at 46.50...see point C, this is potential Gartley pattern, strong resistance level and downtrend line....
Trade active
entered a long at 43.56.....its due a big bounce up now...SL...43.20...TP 46.80 area .see structure support to the leftNote
Price will probably form a long bottom now until tomorrows (Non Farm Payroll data release 1.30 pm GMT.).....same for GOLD.....best to look at currencies that don't involve the dollar for any opportuniities between now and then
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.