We may be seeing the resume of a fifth wave of a fifth wave. The hint is the structure (blue arrow) serving as resistance. For those who are not familiarized with the wave theory: a big movement (up or down) consists in five waves. For each wave is expected some behaviour accordingly, giving us an edge and possibilty to forecast within realistic...
It seems a point of inflection. Happy trading! ________________________________ TRADE WITH INSIDEMARKET! Please, contact via PM, email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
We have 2 scenarios to join this pair. Scenario 1 - go with the break of the trend line Target 1: 0.7180 Target 2: 0.7230 Stop Loss: Exit if price closes below 0.7100 Scenario 2 - after the double wave duplication completes look to buy from the 0.7080-70 zone Target 1: 0.7140 Target 2: 0.7180 Stop Loss: Close below 0.7070
A reversal may occur around $124.000 Happy trading! ________________________________ TRADE WITH INSIDEMARKET! Please, contact via PM, email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
Pay attention to price-action for change of structures (breakouts) to validate your trade. Happy trading! ___________________________ DO YOU WANT TO trade accordingly to this analysis? Contact me via private message, email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
Aside the wave counting, the structures support the hypothesis of a trend continuation towards the decending weekly trendline. Happy trading! _________________________ Would you like to trade based on analysis like that? Contact me: insidemarketfx@gmail.com / Skype: @insidemarket168
AUDUSD is trading higher with a sharp impulsive manner that already took out 0.7280 swing high. It suggests that leg from 0.6936 is impulsive so we need five waves up. For now that's not the case yet so uptrend will continue after three wave set-back in blue wave (iv) that can find a support around 0.7240-0.7280 this week. www.ew-forecast.com
Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven. If target one is hit...
On the Daily chart of GBPCAD we see a nice five wave structure from the 1.8147 area. That means that now we expect price to make a three wave recovery into red waves (a), (b) and (c). Waves (a) and (b) seems to be completed and now wave c) is in the making. Waves (a) and (c) consists out of five sub waves, while wave (b) has only three waves. That said wave (c)...
Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven. If target one is hit...
Aussie bends pound below daily and hourly trend lines. The breakout of those trend lines coincide both at the same level. ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the...
Short at breakout. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven....
My attempt to trade the trend down. ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
I have been watching USDCHF since the last big impulse down, waiting for its consolidation to resume. The retracement became complex with 5 waves, so I am trading a possible ABC correction of the retracement. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest)....
I have identified this contracting triangle which gives a good opportunity to antecipate the next wave just before the consolidation ends. At 15 minutes timeframe the 'E' wave has it structure broken (the thin blue line). So I placed the orders at the break-point of the line. Happy trading!
Target one reached. For the target two the stoploss is at breakeven. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Market has gone 'to the wrong side' unfortunately. The process of trading was very cautious and even so the market has punished ruthless. Prices float in consolidation now, which I did not expect. I was supposed to do so! This adds to my experience. Loss of 195 pips. ___________________ Money management of my trades. There are two targets: the first one is at...
As you can see on the right chart, the trend in EUR/GBP is clearly up, and recently a"Triangle" pattern has been forming. Now it looks like the price is going to make a break-out. The target is above 0.7421 high. Possible event-risk is UK GDP release due in 30 minutes.