RalphStPierre

RalphStPierre Updated 

Fill the gap trade in progress. Looking for a pullback into the wave or slightly lower. A failed snap back on the bungee. then a close above the wave to follow price to the Wave 4 reversal area.

RalphStPierre

On the watch list. More chart time is needed before any topping patterns can be clearly defined but like the clean price action of this pair.

RalphStPierre

This is an example of a Wave Tunnel Fill the Gap trade almost completed.

RalphStPierre Updated 

Candle close below the wave or trendline triigers short trade. Target is 112.200 area or previous low. SL previous high. Early exit candle close above the 13 EMA

RalphStPierre

The retrace should be over. A trendline break or a 123 Trade opportunity may arise. Wave 4 was Technically confirmed when the Awesome Oscillator crossed the zero line. But the norm is price retraces back to the Tunnel and a little beyond before proceeding with Wave 5. But doesnt mean it will. If it does then a Break Out 4 trade may present itself. Which will be a...

RalphStPierre Updated 

TP 1 Hit + 20 pips

RalphStPierre

Building an case for a Long Swing Trade Price @ Multiple Support Zone and 1.618 Fib Extension A Bungee Pinch Wave 4 retrace to the .618 A candle stick Reversal Pattern and a close above the green 13 EMA Triggers a Long Trade SL below previous Low TP 1.07155 Resistance, Tunnel and .618 confluence area

RalphStPierre

Close below the wave confirmed the end of wave A And Triggered a short FG (Fill The Gap) trade Target is the Tunnel Close below the Tunnel Triggers a short trade to the .618 retracement level.

RalphStPierre

Enter 2 positions short @ a close below 113.6 SL Previous high TP @ 112.6 or reversal signal

RalphStPierre

Price broke the trend line. And a short entry here could be considered. A close below the wave would confirm the end of the cycle. A higher probability trade would be to wait for the close below the wave then a retrace and a short entry off the 123 pattern

RalphStPierre

123 trade TP hit +36 pips A reversal in this area is possible. A candle close below the wave will trigger a short to the previous low @ 112.50

RalphStPierre

The recent lower close of 112.450 invalidated THE ABC count. Count adjust with the new low to validate the adjusted ABC count. Do your research and trade accordingly.

RalphStPierre

Possible FG trade forming. Wait for candle close above the wave and 123 pattern and traget tunnel for Target

RalphStPierre Updated 

ENTER AT BREAK OF 2 @ 112.78 TP @ TOP OF WAVE@ 113.150 or fib 2.618 SL BELOW POINT 1 IF PRICE BREACHES POINT 1 BEFORE POINT 2 TRADE IS INVALID

RalphStPierre Updated 

PW ( Price to Wave Trade ). AO showing divergence, Long 1 position @ 113.20 TP 113.4 SL 112.940 Follow with FG (fill the gap trade )

RalphStPierre Updated 

Update

RalphStPierre Updated 

Fill the Gap short term trade idea.

RalphStPierre

Still looking for the end of wave C and validation. A lower low with AO divergence and then a close above the 114 area on the 1HR would be the best scenario for a run to the 118-120 level