My first trade was initiated @80% pullback confluencing with the upper corrective channel boundary, still alive My assumption is that the pair should impulse down at least for 300 pips to complete a larger 3-wave correction an that's it. Because on a weekly t/f we have a huge COMPLETED FLAT, aiming to the long-lasting upside trend within a couple of months
Local structure differs slightly from what I have explained for the gbpaud cross essentially, the same - a huge combination is maturing. no matter which cross with the cable, I will scan for the most clear and evident setup to short gbp
lower t/f provides with a laser-cut entry opportunity to buy the pair and keep watching it move for a couple of months. I have already 2 entries and planning to build a pyramid as long as the pair moves in the anticipated direction
Another high-potential 1000+ pips trade is coming On a lower t/f we may have arrived at 1-2 1-2 structure implying the next wave will be a strong 3/3/3 part of the impulse unfolding.
Easy-peasy at least, at first sight) Longer-term usdchf is completing large diagonal (daily chart), locating potential longs this is a nice opportunity
I will look for a buy entry in another megatrade for the whole year. On a daily chart we may completed a huge wxy, the price as on a couple of instruments with GBP is contracting in an ending diagonal (on the right side). Potentially, we are very close to a reversal, and this will be my first trade of eurgbp this year. so far the R/R is astronomic at 35x if we are...
I see a clear pattern for the long trade early next week. Impulse - followed by a developing running flat correction
On a weekly chart the price made a new high against Oct 2018 I assume a large WXYXZ is maturing On the H4 chart you will see the perfect WXY that is going to complete itself with the termination of the local ending diagonal Overall, this is the end of the 2,5 year correction. Assuming the market is 30% in trending moves as opposed to 70% being in corrective mode,...
This is one of the Nasdaq stocks. A lot of people simply does not know this tool - LOG scale The chart shows a perfect channel for the waves 1-2-3-4 JUST COMPARE WAVE 4 ON A REGULAR CHART AND YOU WILL SEE WHERE SHOULD YOU START TRADING WAVE 5
Seems like Oil is ready to move in a wave C to complete a larger 3-wave correction Is it a reversal? will see
A corrective structure is unfolding with the upside to 60, before it drops weekly chart
long opportunity, at least to complete a larger 3-wave correction
Evth on the chart I am selling the wave C of the three-wave pullback to the prior impulse.
WXY, sold right now assuming next leg down to complete a nice three-way movement in wave Y Channel works so far in favor of the forecast
I assume such a running flat Waiting for the 5 waves-C to complete, and will sell-stop via end of w4 of C Best,wxyxxz
Evth is on the chart
Not a trading recommendation. this is the log scale. In my opinion, we are in the final wave 4 before the terminal movement to refresh the highs, and, the round number is 300. But, certainly, not this year )))