Please see photo. 2 Safer Take Profit Zones. Price may pierce through the 4hr Head & Shoulders neckline with an extended wave. Higher probability of price bouncing up and rejecting off the Neck & Shoulders neckline, but you never know :) Option 1: Take Profit 1. Option 2: Take Profit 2. Option 3: HOLD. Please see links below for full analysis:
Two Things i see happening here: 1. Price is still correcting in wave 4 via a triangle. OR 2. Price will break right through here and continue down as the Wave 2-3 didn't reach it's intended Fibonacci Projection. Please see Full Analysis here:
Will we see price drop from here? If so, will it pierce the Head & Shoulder's Neckline? **Drum Roll** Continuation of Wave 3. Please follow me if you like :) Check Analysis here:
We are 300 pips in profit. Take your profits now or at 1285 or HOLD on tight to the handrails while we navigate through this sea storm! I believe we are in the midst of WAVE 3 right now. Please follow/subscribe so i can share more analysis with you on the go. <3 REMEMBER: Strict RISK MANAGEMENT (1-2% max per trade). Set your stop loss to stop PROFIT - Risk...
Short still active. I have moved my stop losses into stop profits and have scaled into my position. Remember to keep to strict risk management. (1-2% risk per trade) 1. Price is piercing through the dotted trend line. - Holding my position. 2. Am looking for price to break down and eventually attempt breaking below the Head & Shoulders neckline for a further...
1. Waiting for Price to break through the neckline of this Head & Shoulders pattern for a continuation of the short and lower lows. 2. Estimated minimum target length (Red line) if neckline broken. 3. I have also stated in my analysis from yesterday (see link here ) that i believe that we are in Wave 2-3 now. Hence i have also drew up a Fibonacci for price...
Triangle took more time to play out, hence a larger triangle. New ABCDE points made. Drop at Point E. Waiting for price to break under the channels/trendlines underneath and for the creation of a new Lower Low and hence establishing a downtrend. Click through to this link for full analysis earlier from today.
Refer to today's analysis: Please place tight stop loss and strict risk management. Happy Trading! :D
Possible Short Setup: 1) 4 hour and Daily showing a shift in momentum with momentum moves to the downside and a possible initiation for a shift in trend (Creation of Wave 0-1 and 1-2) With wave 2 rejecting so far off the 61.8% Fibonacci, being a common spot for wave 2 to end. 2) I have a possible wedge pattern drawn, being a triangle like pattern with price...