fxprecisiontrading

fxprecisiontrading Updated  Apr 14

Selling plan: targeting the previous breakout area. Reason for the trade — breakout, retest, and continuation setup.

fxprecisiontrading Updated  Apr 10

We've been tracking this setup for the past few weeks. The market has formed an Elliott Wave structure, and it looks like Wave 4 is now complete. We're likely entering Wave 5 to the downside. Stop-loss is placed above the wick, with a minimum target at last week's low. Game of probability lets see how it goes...

fxprecisiontrading Updated  Jul 17, 2024

According to previous analysis, the daily level respected & smaller timeframes it bounced almost perfectly we should be heading back up based on past analysis and reasoning. Should it continue to go down have SL below daily wick Good luck

fxprecisiontrading Updated  Jul 11, 2024

Since the double top around 160ish, which hit target perfectly, I initially anticipated the market to respect that area. However, the market decided on a monthly breakout and formed a HH at the end of June, effectively changing my bias to expect an overall continuation of bullish momentum for the foreseeable. Before this can happen, our next move should be a...

fxprecisiontrading Updated  Jun 21, 2024

When you zoom out on the USD/JPY chart, the noise diminishes, revealing clearer trends. While there are always opportunities for scalping, the overall trend is bullish. Currently, the pair is in the 5th wave, suggesting a minimum target of breaking above the 3rd wave's peak. I'm looking for potential sell patterns, such as a double top. Trade safe.

fxprecisiontrading Updated  Jun 20, 2024

We are currently in the 5th wave down on XAUUSD. According to Elliott Wave Theory, the minimum extension for wave 5 is expected to be at least equal to the length of wave 3.

fxprecisiontrading Updated  Apr 4, 2024

I'm observing a promising ascending triangle pattern for the foreseeable future. As evident, it has encountered resistance on three occasions, indicating a potential breakout. However, before the breakout occurs, a correction is anticipated. The pattern provides insights into our projected targets.