Most traders short eurusd, that's the main scenario. Anyway, we have to be pragmatic and consider nearest alternative scenarios.
Quite a simple structure. Similar to gbpusd/ gbpjpy earlier this year
Sell stop, stop-loss above the local high
Selling from current levels with a stop loss above the local hight provides Risk to Return of around 11x, as shown on the chart
Hi traders, this is the update of the current move's wave structure and of the last post. Current wave (4) unfolds, likely, as a flat correction. still enough space to the upside - two fifth waves of the different degree expected Good luck!
Hi traders, I assume a leading diagonal and a three wave setback (wave C is an ending diagonal). Smaller flat indicates price is likely start pushing down, I wish - in an impulsive way :) Good luck!
Looks like we got a flat correction, supporting the idea to short this pair for the next move on H1
We can say we have flat pattern of abc wave We have 2 abc in AB Correction wave and we expect that C wave that can have 5 wave But dont forget stop loss guys
looks to me like ada is close to completing a Flat correction. if we assume that its completed 5 waves up on the higher degree, then we have a conservative count that at least would give us an ABC for the X before the next leg down. the bullish outlook would have the flat complete the 4th and begin a new impulse for the 5th, but i'm not betting on that count...
Hi everyone, Ignore the main chart - look at the updates for what I'm proposing... Just another BTC idea I had - BTC as a running flat correction on the larger scale. Ghost bar patterns came from: The more detailed yellow ghost bars: -Wave-C in Larger Wave-A, inverted to give the right price direction -Small Wave-C in Wave-B is A+B time -A and B in Larger...
As we can see, btc are in strong resistance, couse we go to flat. Let's see on story. We are located in July 18 (today Jan 20): Go to 2018 and copy that bull wave with High: And paste it today in prportion 1:1:
Hi traders, I see that there is a running flat in the making. But it is not confirmed yet. So what we should do? We have to wait for a lower time frame confirmation. Confirmation needs to be at least 5min or 15min correction.
Flat till the end of this week. Don't want to give back the early week's profit to the market unless we see a breakout above 8900
Very nice play coming here, will either be taking the entry as shown or will wait for the brake of the flag. Using a smaller entry will be looking to add in depending on how we play out in the Asian session. Will be updating as we go along
Flatting around 7300 pivot - the sign of the mass shifting up. No more 6500 anymore, ever. Maybe just a small dump to 6800-6900, then rocket up without any hesitation. Epic bull run is in hours...
Probably will bounce around 7200 till 12:00-13:00 UTC. Bullish all the way.
I think what the low TF subdivisions tell us is that EUR is likely to draw a flat correction. This is compatible with my view of SPX500 near term.
The dollar finished Monday on flat trading after the lack of any important updates regarding the US-China trade talks. The US dollar index traded 98.180. A report said, citing sources, a phase two trade deal was less likely now. The sources claimed that the US and China are struggling to reach the preliminary phase one. Previously, another report said that...