Tradeplicity

Tradeplicity

We might get a short term correction down to the recent low before the thrust up or we could turn around here and head higher.

Tradeplicity

We are anticipating more weakness after consolidation. Price has also pulled back to the 61.8 Fibo level of the recent move. This is a 1-2-3-4-5 wave within a bigger Impulse move we are anticipating. Good Luck Comment Below

Tradeplicity

We have two scenarios building up here.....Our longer term view is higher but our short term bias could be more of a corrective before our big impulse move much higher. This might be a ABCDE corrective move before the long awaited impulse move higher. If we do not get to our E wave target and price breaks above the trend line, then we will wait for the...

Tradeplicity Updated 

Tweezer tops are rare and when they form it could be a very high probability trade. The higher the time frame the stronger it could be.

Tradeplicity

50% retracement of the last short term move, we have lowered our risk by entering on a pullback. Stop loss just above the recent high. Target could reach the recent low if momentum carries but like with every trade, we will manage as the trade proves itself. Good Luch -nvestUcapital

Tradeplicity

Bouncing off support/resistance area, trend line and 0.618 Fibo Line, we will take on those odds any day and with a 1:4 risk:reward, we are in, Are You? With the help of RBA we could get a nice move up. -nvestUcapital Weekly Trade Ideas

Tradeplicity

RBA announcement looming. If you do enter here, a stop above the recent high would be a good spot. Good Luck -nvestUcapital Follow us for weekly trade ideas

Tradeplicity

These levels can be very powerful and high probability. -nvestUcapital Don't fight the market, React to it.

Tradeplicity

BOJ announcement and USDJPY took off to retrace all the way back down in the next 30 minutes to touch former resistance now support line. Incredible how these levels work if you can spot them and wait for price to get to that level before pulling the trigger. One could go in with a great risk:reward when you can spot these levels. -nvestUcapital Patience is...

Tradeplicity

Lower time frame snap shot of our bigger picture of the GBPAUD wave 5 trade.

Tradeplicity

Kiwi put in a nice tail off the 21 ema on the Daily time frame. We will keep our stop loss above recent tail/highs and our 1 st target will be recent lows and our 2nd target is a weekly trend line dating back ways. 1st target could be hit this week but not so fast on the 2nd target.

Tradeplicity

This is a good area to start accumulating some position for a 5th wave move. We are entering at the bottom of the flat formation channel which also sits on some important fibo lines and the long term support line dating back to 2013 also is in the area. Many confluence of events. THIS IS NOT A DAY TRADE but a swing trade so we could have some volatility before...

Tradeplicity

consolidating for a while, fundamental news out of ECB or Europe could jump start an impulse move out of this consolidation area.

Tradeplicity

Many great traders have one thing in common. They know when they are wrong and the best ones out there not only know that they are wrong but reverse positions when they know they are wrong. To recognize when you are wrong not just in trading is one unique strength we like to practice and be better at. We had a short position from top of the channel but...

Tradeplicity

If oil prices rebound in the short term and post FOMC, we saw dollar weakness that could continue in the short term and USDCHF looks like a technical short here at least within in the channel. Once target one is reached we can reevaluate price action and news to see if we have momentum to reach our 1:6 risk/reward targets. -nvestUcapital

Tradeplicity

If you cannot trade the DXY, a very highly correlated pair is the USDCHF, we are bouncing off the top range of the channel which is about the 0.765 Fibo Level. Target 1 - bottom of the channel 1.004 area Target 2 - 0.98000 area Stop Loss - above recent high 1.017-1.018 area

Tradeplicity

Taking the odds on at the top of channel for possible weakness. Target is just below 127.00 but will let trade go if momentum is on our side. stop loss 128.600 (keeping it tight). -nvestUcapital

Tradeplicity

elliot wave can be spotted in all time frames withing the bigger picture. Just have to know where and when to identify them combined with some support and resistance zones. You can reduce your risk substantially when waiting for specific areas to come to you before you pull the trigger and in turn it will drastically increase your risk reward on each...