ishort position for today s chane of character in the short timeframe. it may inaccurate but the Risk reward ratio is good i'll close somebposition when the price close the gap. but my secondvtarget is the price to reach a lower low as i assume this 3 weeks is a zigzag correction goodluck.
it may not seems to be perfect, but qualifies as a leading diagonal. I take a sell position at each Fibonacci number falling within the supply area. The plan fails (SL) when the leading diagonal is breached upwards. always use SL, proper lot size, this plan is fully base on my bearish bias. we can find more long position plan, if we have bullish on our mind 😃 goodluck
the chart above is my prediction of course i'll trade base on that plan. i believe that the price will form a zigzag and this is some clue of a zigzag correction - it will reach at least 50% correction (it can be 61.8% or 76.4%, or 85%) - it mostly form a channeling structure (we buy only after the channel (equidistant trendline) break) - As long as the price...
this is exactly why we should not over-confident with our plan and scenario it's because no guarantee the price will follow your plan if we look at the chart, the orange plan is about a triangle correction, consist of 5 ABCs AND the blue plan is zigzag correction, consist of ABC (5-3-5) this two scenario is possible in our Elliot wave count strategy. of...
not much to say. our last week plan went well... so i would continue my sell bias tell me you thought in the comment box goodluck
This is one of the scenarios that may occur. Correction zigzags that will form a channel. but This is not a fix plan, Besides, this picture is for the long term. We still need to analyze the daily movements that occur. so I will continuously update base on the movements that occur daily. Follow me for more updates and posts. lets make friend :) share your...
yesterday, right after the fed announcement, the price went up to our selling area then today we see the price seems smoothly fall as we expected. for those who read my post yesterday will surely found a H1bearish engulfing and would be happy with the result but now, our concern goes to the pattern of the correction. it's for sure an ABC (3waves) but it's...
the price is moving toward our sell area, (my previous post) if we find any bearish clue in H1, we can take short position it can be bearish engulfing, shooting star pattern, choch, quasimodo, etc dont forget that our leading diagonal signal will be invalid, if the price break the last swing high(1.098) good luck
this is an update from my last post. a leading diagonal (12345) is: - first wave (1) of a bigger 12345 wave - first wave (A) of motive wave ABC from that point of view, we expect at least the price will break today's swing low good luck 😉
As I've been posting recently, I've been leaning towards a buying position. However, looking at the movement over the past two months, it seems like I'm changing my mind. The reasons are: - zigzag correction formed over the past two weeks (check my previous post) - the rapid upward impulse doesn't seem natural to me; I suspect it might be a trap for the last...
it's been a very corrective this whole 2 months but i still think it would go up. Good Luck!
though our uptrend bias is correct, but not as we expected, the price not retrace to1.08 i personally dont have enough buy position this week, lol as we can see on the chart above, the chart form a channel and reach its resistant the channels can indicates this is an ABC correction, if theis scenario happen, it means the price will soon continue the old...
For those following my idea post, you probably know that my bias is to buy on EUR/USD. The basis for this idea is the already formed leading diagonal. However, we are currently caught in this long tiring corrective pattern. And today's price movement may confirm that the corrective pattern is neither a zigzag nor a descending triangle. So far today, I predict...
as seen on the chart, The price has touched the trendline (resistance), and we are unsure whether the price will break upwards or make a rejection downwards. In the previous analysis, I predicted that the price would continue the trend. However, upon reviewing the recent movements, where there was a price gap below, and the price rose in a 3-3-3 pattern, we...
as we predict yesterday, the price goes up to continue the previous trend after a long ABCDE correction. as wee see the price gap ar the bottom of the ABCDE triangle, if you got a long position, it's good and wise to take some profit at this point. tell me your thought about EURUSD in the comment box, and good luck!
it has been a long and tiring whole week of ABCDE correction the 3-3-3-3-3 combination is perfect and we look forward to the price to continue to go up if you have anothee opinion, please share your thought with me good luck
2023 is a long and tiring wave 4 and 5 of this impulse. January-September is wave 4 that form as flat correction it may trap some of us with fake breakout on the up-side and down-side but the Monthly TF told us that, those are fakey and only a flat correction now the price is rallying for wave 5, remember to stop buying if at the end of this wave we'll wait for...
the price seem to face a hard resistant at 1.10100 (fibonacci ex 361) i expect the price will fall at least to the 323 fibonacci level at 1.086 so i'll hold my short position and set the TP at 1.08750 NB: it's too risky to make a buy limit at 1.086 lets wait for the price action at that level