We are now after completed cycle 1-2-3-4-5 Corretion expected to reach 161 fibo.
IN over all situation we are headed north, we can see it by clearly completed cycle 1-2-3-4-5 *where all fibo parameters are met like in book* Now we are in correction stage, i expect price to touch down trend line once again, which leads us to fibo target 161.8 Concervative entry should be after breakout minimum of wave 1 Aggressive Where i meantioned on the...
So here we have chart on H1, If we look at H4 we can cleary see, that there is bullish momentum, currently forming wave 3. Entry on cofirmation aka breakout maximum of wave 1. But we can take a bit more rsiky trades as well on H1. First one when wave 2(3) will break through wave 1(1) Another Risky trade we will try to catch wave 2(3) at the end of it. So here we...
Idea based on PA 1) Formation of W 2) RSI shows a long setup With this market nowadays, im gonna adjust trades based on situation SL 110.550 TP1 112.500 TP2 114.750
price in accumulation phase, breakout fibo 618, confirms our LONG idea/ Price movement expected to slow down near SWING zones.
Just wait a bit more for PA, expecting down-trend till D, before market reverse.
U can see the 3 stages, where price been moving for the last days. As well as Triangle that expected to be broken, before the bull take control. Very Risky Situation, but considering the correlation with another pairs. Expected that price go up. 1) RSI is near oversold area. 2) Price Entered the Stage 2, and expected to be there for a while, before move to the 3rd...
We can see the 4 section where price moved for the past days. By considering the POWER of the each stage, we can say that price felt down to the point of the next stage. And power of bears are gone for a while, BULLS TIME. Why long? heh 1) Range of the stage are completed ( Volume reached it's pick) 2) Supported by EMA 3) Rsi in oversold stage. Expecting Price...
XAUUSD In long term is up trending. The target to reach is previous highs at 1375.00. Before that moves in a bullish channel , where price is locked at the moment, expected to touch the "gold" tend line at least twice. Good LONG trades are at FIBO 0.382 and 0.5
EURGBP at the moment in corrective mood, i would prefer to wait until good impulse from bearish or bullish side. In my opinion before the impulse, we gonna see a PULLBACK, that means: 1) Bearish Pullback>Bullish Impulse. 2) Bullish Pullback>Bearish Impulse. Let's see how the market will act on new trading week =)
USDJPY Swing Zones, expected levels where we can find "perfect" PA setups. Price Expected to reach level 103.500, then it will tell us direction.