you should have got in when I posted and have taken partial profit when it broke the high. I have been in this since last week and added to it. These are the types of trades that can just keep going as it has broken its consolidation pattern and everyone is afraid to enter. You can just take all of your pips whenever, otherwise those are my targets in order. That...
One thing to note is that the euro has been coming down but EA has been somewhat holding its position. at 50% retrace. a little room down to .618. Keep in mind this is not a good market this week. The entire thing sucks.
I am looking for a quick sell scalp on EG. Divergence broke the high. Could wind up more but, eh. I'm looking for some places to set some stop orders on USD pairs at the moment....
I don't really care a lot about harmonics to be honest with you, but Ecad is rejecting its pitchfork once again. I am in some euro buys, as euro seems to be sitting in the passenger seat right now which makes me think we may be getting some larger structure out of Eur/Usd. I am uploading a weekly outlook on you tube, it was kinda rushed but should be helpful....
Cadchf produced a bullish gartley on daily and also a classic bat on 4hr. As to whether this will wind up being a very big trade, I can't say as of now. Cadjpy broke low, but when I look at chfjpy (which I have previously pointed out the downside) my choice would be cadchf. I believe it will either form a corrective flat or triangle to go down more, but could...
EZ broke the low of this wave 4 flag and has produced some price action that makes it look like it may want to make one last high and complete a large running triangle before it goes down further. Like I said, high risk.... You can refer to my other mark up
The question is, is UMEX making a flat pattern to continue up? I would prefer to see it break the low, then actually pull up and make a flag (that orange line is the 618). I am only considering a possible buy at this point but sharing because the potential pips would be very nice, breaking the high, possibly more.
I could care less about trading beginning of week. Just want to point out Uchf looks corrective, I mentioned I took profit on buy last week. Looks to be making a flag that will probably extend up more , but I would expect further correction down if UCHF was to continue up more. Might get some structure extending down giving a sell scalp and a buy setup, maybe it...
Go head, work it girl!!!!!! I'm still holding my buy and I'm cool with whatever, but do you see how and why these patterns form?? And keep in mind that running triangle can become a bigger one with one more little move down to break trend line. But I bet there's a lot of sells with there stop above the high it made..........
Right now silver looks to be making a flag at the .618 fib after coming off the 1.618 extension. It looks like it will at least correct from this area, which you would look to scalp to the yellow 38% fib. The TDI has turned up on 4hr showing divergence. Not the best time within the sessions to look to trade, but it caught my eye. there is potential for it to go...
I have an alarm set at 15.143 and will be watching this. If E breaks trend line and confirms will be very nice sell. There was a perfect buy setup that I didn't take, can't remember why, but not the best entry point on the buy right this moment. The sell will be the real trade. The overall pattern in the bigger picture makes sense for a 5 wave.
I've always said that if GJ was a human being I would punch them repeatedly in the face. So here's the deal, these pound pairs looking downside. At this point, I'm stop in profit on Gchf and may get taken out. GJ retraced 50% of its first wave and did complete a correction. But it's hard for me to believe GJ could be this easy... Maybe it is. If it did a 1-2 wave...
I circled my entry. They wouldn't let me post last night, reached my max. Equal length would take this up to the supply zone which is what I would expect for a 3 wave, but we are in a correction from its move up. It could go up to high or around it and produce a big flat pattern. We may get a stunted leg here though if it were to do a zig zag, it did kinda do a 5...
AN came off the 200 on the daily, and .764 fib extension of its swing pattern. There is a setup for entry right now. If it goes it goes, if not fine. I ain't risking much. Looking to scalp it to about 108 level at that high and get to break even see where it takes me. If it pulls down to break low I'm out, looking to get back in. I think this will be longer term...
Ok.... If Gchf is making a running flat, it will not come up to hit the cypher pattern to double top, which I wouldn't expect wave wise. It is in a strong downtrend. It can come up more, not saying it can't, but it cleared out that news move real fast and looks to have made a flag... My point is, if it did do a running flat, I would expect the next wave to come...
EA produced a running triangle wave 4 retrace of 23% and has broken out of the pattern. Equal length to wave 1 would be that measurement. Suck it market makers.
I just entered, don't usually this time of the day but its got that look of reversal to retrace the 5 wave it did down, then double bottomed. Click the link for outlook.
Looking to at least retest that high, probably break it