wmasehlele

wmasehlele

The potential triangle I anticipated in the previous week seem to have been invalidated, which is why it is important for projection to be confirmed by the market before we jump on with our money. Elliott Wave approach provides a very well defined entries into trades based on the confirmed levels and patterns by the market. So, how do I proceed from the...

wmasehlele

When I see such behaviors unfold at completion of level 5, I regard the set-up as more probable. Price divergence at completion of wave 5 may be eminent to trend reversal, coupled with wave 5 projections based on the Elliott Waves guidelines together with fib projections present a probable trade with a good risk reward ratio.

wmasehlele

A potential triangle to complete a higher degree wave two before we go bullish.

wmasehlele

A promising bullish bias from the fourth wave correction.

wmasehlele

Lets unpack the pair that was a bit difficult to trade in the previous week and turned out to be a rewarding trade. I attempted to go short two times on this pair even though I acknowledged the possibility of a long move. Following your trading plan rules will not give you all the lucrative trades in the market. When the rules are not met at a satisfactory...

wmasehlele

The long entry order has been triggered and stop order is in place. I have projected a retracement as wave 2 which should not go beyond the start of wave 1. Going beyond the start of wave 1 will invalidate the projection and the position must be closed.

wmasehlele

A correction that is nearly completed wave C. Expecting a move to the upside. A potential for long after a move beyond the long confirmation level.

wmasehlele

What I've been waiting for seem to be unfolding very well.

wmasehlele

Educational - long term UJ perspective. Decrypting the long complex correction with Elliott Waves.

wmasehlele

Wave five is not guaranteed to reached our projected level. Protecting as much profit as possible.

wmasehlele

Up to this point I have not traded this pair. A missed trade is better than a lost trade. Until the patterns are clear I will not trade. So far AUDUSD has been our cash cow.

wmasehlele

No entry confirmed. The zig-zag correction could be complete. 50% retracement for wave two does not present us with a confident wave 3 trade entry.

wmasehlele

No entry confirmed for this scenario. Wave B is shaping up into a triangle. Bias is still short for the short term.

wmasehlele

Temporary short to complete the ABC zig-zag correction from wave 1. The bias is long in the long term.

wmasehlele

A break out from the channel followed by the channel retest is excepted entry signal. On the aggressive side, a retest of the 38.2 fib might present opportunity to go long.

wmasehlele

A move beyond the confirmation level will signal a short strength. A move beyond the previous wave C will required a re-evaluation of the projected pattern. It could be turning into an irregular flat plus irregular flat instead of irregular flat plus triangle.

wmasehlele

Paid nicely.

wmasehlele

All you need is one high probability trade per week.