1W = Wave 4 completed ABCDE (3,3,3,3,3) triangle 1H= 5 wave down Complete for i , then ABC (3,3,5) to 79% retracement 1H= AO divergence on wave 3 and 5 of C leg of ABC retracement Good entry would be Break of i on 60 min or Break of D on W1 This is assuming that the ABCDE E leg is finished. This is my first idea post so I hope the presentation is ok....
This is a really good setup in which I'll be anticipating in. We're looking to buy the breakout and if/when it reaches 1.0380 area I'll put it in breakeven because im targeting the bigger breakout which would lead to 1.0560.Trade your plan
USD/CAD is moving within a symetrical Triangleand broke a descending Trendline to the upside. I'll enter my long position after a breakout on a lower Timeframe Trade safe, Daniel Likes and comments are appreciated and would keep me motivated
If I see a bearish candle without chasing the price i go short after the consolidation. Price is near the trendline, but actually it doesn't makes much sense to me, because there were a bullish impulse on 1st of September. GBP can break the trendline and go a little bit higher, but I don't think if it happens will be strong.
USDCHF structure shows possibility for both sides.For now its upside so look to get in buys on lower timeframes until 0.9940 area. From that area it'll decide to either break for more upside or it'll be a 5 wave structure and have another move down before breaking to upside.Upside targets would be potentially 1.0100, 1.0250 and finally 1.0400. Trade your plan
We see perfect Elliot Pattern we wait for correction and we can buy from 61.8
GBPAUD is currently in a 5 wave corrective pattern. Wave C has just been completed, so I am expecting an impulse wave to the downside to form its D wave... setting up a short sell setup.
I am expecting a retest of the lower line of the corrective wave pattern after breakout, and then a continuation of the bearish trend after the retest. Place sell after confirmation of retest is completed. Use your own proven strategies and place stops above corrective wave pattern. Trade carefully.
This corrective structure until now looks like it is an expanding triangle, in case it is, it will have 5 waves within it so im expecting downside then another move up then after that 5 waves are finished and we'll be looking downside.
The MOB at 625 got hit, which forces us into entering long, But still if we stays under 10690 a new Low under 400 is inevitable
A good place to go short would be on breakout of this structure, it may still have more upside thats why you need to wait to get a clear breakout and then sell targetting 1.2870