ElConquistadore

ElConquistadore Updated 

I think USDJPY is preparing for a new up wave Technically we have this bullish pattern and fundamentally there is a high demand for dollar in south america because of the devaluation of their local currencies we can long from here aiming for the last high , then price will surely pullback and that will be our second long entry targeting the point D of the...

ElConquistadore Updated 

we can use abcd strategy to find the target I think dollar gonna rise in value because of extreme demand in south america ( they all buy dollars and gold, but most of them buy dollars because of the devaluation of their national currency). Argentina have 50% devaluation of its money per year, uruguay got 50% devaluation within the last 3 years and same for...

ElConquistadore Updated 

pattern the tiny bearish gartley or bearish bat will make the trend change(because it formed the top of a bigger harmonic) so price will form unto the target which is the pink rectangle in order to form a big bullish bat

ElConquistadore Updated 

short term gbpusd formed a bearish gartley the bearish channel at the end of the trend confirmate the possibility for price to fall price already pullbacked to it and the channel resisted well forming a bearish pinbar and then engulfing it (two last 4h candles) respect your money management

ElConquistadore Updated 

Convergence of resistance: -trendline of the bearish channel -point b may be reached -emas 10 and 20 form a strong R and are crossing -structure will wait for a confirmation before entering

ElConquistadore Updated 

should aim for point C as minimum target or maybe rectangle