My previous analyze ( you can see on published idea on my account ), that I prediction price still have space to continue down , even it is small space. But today June 3, price chose went up and yeah do not buy. However trend is bearish and better calm , and SELL from wave 4
Wave 3 almost finished ( price 51 ) , so I will take profit on it . Perhaps price will correction UP going to wave 4 ( price 57 ) . However trend is BEARISH, so don't take risk to buying . Better to selling from wave 4 ,and target until wave 5 *** NOTE : For beginner trader ,this movement of USDWTI ( crude oil ) is very important for you, if you wanna trading...
After price get up and make perfect trendline as you see on 4h timeframe, sooner or later price will dropping so big
when I see inside bar bullish rejection, chart absolutely telling us that price was not strong enough for pullback to re-test supply area D1. And yeah, maybe price do little move up before continue drop
on 4h timerame, my eyes focus on gap . Sometimes , if suddenly there is gap bullish , it will balancing with slowly dropping.
After got pulled up last week ( I believe because BIG FISH ), EURUSD have shooting star formation and it was confirmed on 4h timeframe. 100% price willing drop
in my opinion , Bitcoin perhaps keep moving up to looking supply zone ( grey area ) .
My advice for new trader , start your analyze from Monthly Weekly to find supply demand spot. Then now , this oil after drop, will take time to going up in order to re-test supply zone weekly on 61-62
USDJPY still have space to continue down. BUT consider, if price already moved a lot as impulse ( in this case , USDJPY move impulse is down ) , sometime price will get push UP as a correction movement. I recommend to not trading this pair for a while
It is important to you practice see the chart, analyze it without one single indicator and for me personal, IT REALLY IMPORTANT to read candlestick and find supply demand spot. GBPUSD , as you can see , there is bullish engulfing as second confirmation that buyers is in charge. And will be good, if we buy stop on top of diagonal trend line ( of course after...
I don't want to buy XAUUSD. I prefer to see the movement of price , and let up until 1291 to selling from there ideally.
EURUSD get pullback over my previous prediction . But as you can see price overall still bearish trend . consider Price after touch FR 61.8 % then drop. So sell stop around 1.11700. My target personal 1.08600
on 4h timeframe, you can see that price rise and touch trendline as resistance. It may reversal to going down again!
Before, I prediction price will get up to correction and it happening!!! You can see my previous prediction about XU. And now, be ready to selling XU
I see level 1268-1269 is area demand sensitive on daily timeframe, and that is why, perhaps the price gonna re-test level 1282-1286
Price chose to re-test new resistance. So logic , to take long position before price continue drop
Now , price consolidation below FR 61.8 % , which mean, usually there will pullback . Estimation up until FR 38.2 %