I Combine Elliot Wave (to determine the possible next movement of this pair) and combine this with price action (to determine the top and bottom) + indicator Ichimoku kinkyo ho ( to determine the strenght of this pair) Result Elliot Wave is showing its the end of wave, wave 5, so the wave is almost over, or it is already over. still a question ???? Price...
I use price action only for determining the next movement. we can draw easily rising wedge in this pair in weekly chart. any open position should be opened on the lower time frame or based on daily candle. DONT FOLLOW MY TRADE IDEAS Since I'm new here, and still 1 Month using trading view, I just share what my ideas is and making my trade plan activity. THANK YOU.
Summary. 1. Resistance is still hold strong, 2 years old of trendline. If you check in 4 hour chart you will notice BEARISH ENGULFING CANDLE when it touch resistance. 2. Since monthly candle is the king..then my summary is uptrend for euro currecy is WEAK. my reason is based on ICHIMOKU STUDY MONTHLY CHART. Its just a view of trade by using monthly chart. Any...
I use analysis not based on price action ONLY like before, but I will combine it with ichimoku cloud here to identify STRENGHT of the price and DIRECTION. 1. This pair will make a CONSOLIDATION first and it will tested trendline or Kumo. 2. any SELL position can be open when KUMO OR TRENDLINE is tested. tested here means there are CATALYST like BEARISH...
I use a study of ichimkoku kinkyo ho to describe a probabylity of next movement. Of course there are just Up and down...but Ichimoku kinkyo ho able to show that bearish is more reliable than bullish. my analysis just showing the power of uptrend is WEAK. Reason: Timeframe H4 1. Candle still inside KUMO which means consolidation 2. Resistance from senkou span B...
When many pairs hard to explain and predict the next movement like GBPUSD or EURUSD, We still have GBPJPY.
PRICE ACTION 1. UPTRENDING 2. IDEAL BULLISH ENGULFING, longer than 5 previous candle 3. RSI MADE TRIPLE BOUNCE SEP 2017 CONCLUSION, IT IS GOOD TO BUY POUNDSTERLING BUT IN LOWER TIME FRAME TO LOWER THE RISK. "TRADE ONLY WHEN YOUR STRATEGY MATCH IDEALLY WITH YOUR MENTAL STRENGHT"
We see an CONSOLIDATION AREA in weekly chart. IF we SEE the same candle "GRAVESTONE DOJI" is formed this week. there will be A PROBABYLITY next week will be Sell. THANKYOU.
When Other's make an analysis of next week prediction movement. I make an analysis why we should NOT TRADE. Its Still Uptrending in DAILY CHART...and you wont fight those DAILY TREND by selling AUD. WEEKLY CHART already make an Bullish Engulfing and there are opportunity those major trendline is BREAK. RSI Shows OverBought ... But NOT WISE moment to sell. And...
1. It shows that from June 2015 there are UNBREAKABLE TRENDLINE which this line descending year to year. this trendline makes a wedge formation. and force EurUsd to make a little downside. 2. EurUsd Traded in 38.2 - 0 fib since June 2015 till june 2016 , and TRADED LOWER in 23.6 fib Since june 2016 - till now. 3. Fibo 23.6 Already hold tight and resist many...
I use many trendline in this chart so we will know if our trade in the right track or not. we can sell this pair below trendline which when breakout confirmed or we can buy this pair till major resistance 1.3000 belongs. dont follow me..just try to learn here.