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LINA (HOLD IT, YOU WILL MAKE IT)Dear Traders, LINA is growing slowly but steady. You can decide to choose one of these advices: 1- 75% of orders Close at 0.203 and Buy 75% again at rate 0.1879 (Or Close all at 0.203 and buy at 0.1879) and hold it until 0.2274 then Close and wait for Wave 4 which I will update the Rates in the future signal. 2- Hold all of your positions until 0.2274. 3- Close 75% at rate 0.2274 and wait for the next update for the end of wave 4 and enter for wave 5. 4- Hold all of your positions until the Grand wave 5 which it will be informed after 0.2274 in my account. Best wishes.
Long
by FireXForex
10
USOIL Will drop to 41.15 then Will move to 46.92Dear Traders As I mentioned before about the analysis of Oil. In this moment we are in Wave 5 of total movement. Wave 5 includes 5 waves which are 1,2,3,4, and 5. Wave 1 in wave 5 started on July 30th 2020 15:00 GMT and this wave finished on August 5th 2020 16 GMT. After that wave 2 started which is a regular flat wave. The wave C of the second wave will finish at rate: 41.15. Because of spread I will take the range between 41.25 and because of shadow to 41.05. The low and high frequencies of market still need time to get together in one point so probably today or tomorrow market will reach to our point and from tomorrow up trend will start. Summary: The range of buy limit: 41.25 ~ 41.05 I will set 3 buy limits with the volume of 0.02 for each with $1000 equity. Take Profit 1: 46.92 but because wave 3 also includes 5 waves we can have our first TP at rate: 43.36 then market will back to 42.00 then you can have new position at this rate and TP2: 45.56. After that you need to wait for 44.71 and take the other position and set the TP3 At rate: 46.92. After TP3 wait until wave 4 finished which is at rate 45.60. I will update you in future for the structure of waves.
TVC:USOILLong
by FireXForex
2
EURUSD Sell Position OrderDear Traders, There are several reasons, indicating that EURUSD is going to have a downtrend to 1.1513. The first reason: The U.S. dollar index is in wave B and it will move to 95.22 and in completely match with trendline. The second reason: The frequencies in EURUSD and Dollar index are showing trend change. The third reason: Divergence in H4 for dollar index and EURUSD. The fourth reason: Based on Elliott wave theory EURUSD and dollar index are completed their waves. The fifth reason: Order flow already for downtrend on sell position orders and indicating a trend change. I will take a sell position at rate: 1.1828 and hold it until 1.1513. Good luck and have a nice day FireXForex team
Short
by FireXForex
2