Hello Traders, Sorry I haven't posted in awhile. Here we have another nice short opportunity with price pushing into the OTE of last move, we also have nice bear divergence built up on the h4. Price could push into the 1900 area, however I would add to my position in this case.Fundamentally, nothing has been released significant enough to bring strength to the...
Same Trade we have been in since 210, same ew count. This should be wave 5 and ending around 194-196, which is where i will be scaling out of my position. I have taken a heavier position, as i think this is a very probable trade within the current trend we have been trading.
I want to start by giving thanks to the fellow member, Jangoshee, for pointing this little gem out. We have price breaking down into a clear five a structure and now making a wave 2 correction to the upside. I plan to sell in the .618-.764 fib area, and then more on a clear breakdown. I have added two ris's with different settings, as i find both settings help me...
Looking for a push into the .618 as we have seem to have finished wave 1 of wave 5 (Larger Degree). I look to sell @ 205 for a nice push down into 196-194. Good Trading
very nice trade setup here,imo. We seem to have a nice ew count with price moving into resistance and being rejected. Good Trading
Longterm retracement has ended and pair is now following the footstep of the euro it seems, at the very least we have a very similar corrective structure. I will be taking profit at the levels noted on the chart and selling more on a break of the blue bull trendline. Good Trading
Shorting the pair into the confluence of fibs, also MACD bearish divergence. Good Trading
I have taken a small long position @Friday's close, hedging 50% until further bounce confirmation is determined. I would not be surprised to see price go a bit further down, but as long as the bear momentum is slowing I will add moderately to my position. Technical Notes on chart. Also Important to note that we are building bull divergence on the lower...
Looking for the Spy to take a nice dive here. We are up against the level of the initial breakdown and currently facing a lot if resistance. I have placed a few scenarios on the chart and will close my position based on structure and momentum. This is a very big trade, as I have a lot of my account equity into this one and am very excited to see the results.
Hello all, this is my first harmonic post, so be easy; although, all corrective criticism is appreciated. I'm taking this trade for a few different reasons. 1. Reversion to the mean. We have just broke down through a wedge, and now will more than likely bounce and test broken bull trendline. 2. SCMR- My killer software is signaling a potential reversal on several...
Greetings, we have a great short opportunity with a couple of targets in mind, one short term and one long term. Reasons for taking this trade is the big bear divergence along with the rising wedge. Good Trading
Key reversal and start of new bullish cycle
Taking a long on the last leg up of this correction. Good Trading
Couple of reasons to take this short. Price is currently at resistance, and forming a double top at the local highs. We also have some bearish divergence building up as well. As for targets, we have some confluence of fib ratios, as well as a symmetrical abc move into support. I'm usually trading in and out of most of my trades, but this one I will let play out....