I started shorting into the wolf wave pattern and it was confirmed today with massive supports breaks along with a double top neckline break on a smaller time frame.
I usually don't trade euro outside of London hours but this is too tempting.
As tension builds up with China trade war, I expect some form a retracement from the current price to sucker in some longs and then another down wave to squeeze them out although I am already short from the London session as I don't see why people would buy this piece of junk but I don't exclude an upmove from short covering and speculators. I am still waiting for...
This might be an epic opportunity to pyramid into a large position for several months. I shorted a little bit already last week but will add on the confirmation break.
Went long last week and will keep adding as we break resistances to the upside. Another of my long term holds if it plays out.
One of my favorite set-ups is occuring on nzdcad.
A proper Wyckoff pattern with a test of the inner sideways trend line. Going in short.
Been shorting since last week and it is giving confirmations after confirmations so I thought I would share. This is another of my long term pyramids.
Just thought I would make a chart for those that are into Wickoff theory to point out one possible outcome of this phase of the market.
As we enter capitulation phase, I expect prices to be able to reach as low as the last launch platform formed before december. My 2 buy points are if we cross the upper trend line or if we reach the next important support.
Might be a bit early but this looks like a classic accumulation phase so I am starting a little pyramid.
Keeping a tight stop but we are into resistance and I expect a little bounce off of it.
Kicking off the week with my favorite short of the last few weeks. We broke a daily trend line, tested it as a resistance and got rejected. Going for the jugular.
Slightly early but scaling up into this accumulation phase at various points.
It's possible that we will see a little retracement to test the resistance but this looks like a classic exhaustion pattern. Sold now and will sell more if we test successfully the resistance.
We have an ab=cd pattern mixed with a previous important resistance. I am expecting a bounce here and will enter with shorter time frame confirmations.
Price just got rejected from a trendline connecting previous points and I want to ride this for a while so I entered again.