Is this a corrective structure on AUDUSD ? Maybe it is time to catch some pips. Targets are based on the Trend-Based Fibonacci Extension. Stop loss under III count wave.
Trade is active. Back to the 61.80% Fibonacci retracement and continued growth.
GER30 reached 61.80% Fibonacci retracement. The graph pointed out two potential targets. At the moment, the more tempted to return to the objective of 38% Fibonacci retracement. Time will tell which direction the market will follow.
Update: Trade is active. Update 2 For the purpose of missing 10 points. I decided to close out positions.119 points taken. Short on GER30 based on Pivots point and Schiff Pitchfork.Stop above EMA 200.
Update Trade without entry.Trade deleted. Long on EURGBP. Target on 161.80% Fibonacci retracement .Stop below 61.80%. That's all.
Time for a correction? Is this the first signal to change direction and start the correction? Time will tell.
Update:Trade is active. Stop loss closed position. Potential peak and level of opening short position is calculated from the bottom of 07-08-2014 to the top of 19-09-2014 and the bottom of 15-10-2014 which gives 161.80% Fibonacci retracement. Time to reach the target level was determined on the basis of previous periods and should not be considered as meeting the...
The potential resistance zone and an opportunity to open short positions. Start 9738 SL 9765 TP1 - 9675 TP2 - 9637
The second position was closed. Important update! Due to the fact that it is a DT second position will be closed today! Update: first target hit, moved stop loss to breakeven. Potential place to halt the decline and rebound. Entry 16940 SL 16915 TP1 16985 TP2 17015
Is there an opportunity to open a short position? According to me there is a possibility, if the market will want to close the gap and finish an increase of 100% trend-based fib extension (projection on the second picture). We'll see. Next picture I'm sorry, but it did not work out to save the split screen ... I'm still learning:-).
Opportunity to open the short position. Entry 1998 SL 2002 TP1-1991,50 TP2-1988 Update: Mission accomplished.
2 Long position from 16980 TP1 - 17030 TP2 - 17060 SL 16960 Update: The transaction was canceled. Price has not reached the point of entry into the position and also at the end of the trading session in the United States both targets have been achieved. Updated 2 Definitely no Comment :-)
Pull back and fall simple that. We will see. 70 points to open position.
Update 1 I move stops to 9546 Update 2 In the absence of a strong downward movement decided to close one position. One position closed at 9530 Update 3 I decide to close the second position. Position closed at 9536. Since the market only settled on 9527 first goal was not achieved. Both positions have been closed. Profit 16 +10 = 26 pips. Entry 9546 TP1 at...
Day trading positions Entry 9643 Stop loss 9667 TP1 - 9580 TP2 - 9520 Update SL closed positions 2x24=-48 pips loss