Evaristos

Evaristos

In 1D TF, there's a downtrend channel that has just hit support which looks very strong and it has formed a "double bottom", that's a reversal structure. On the other hand, the right shoulder from a H4 TF, an impulse can be spotted and its taking water at W4 that tells me we're soon rocketing to W5, that also being a retest on the respective leg support TL. If...

Evaristos

A retest on a previous high, that broke a supportive Trend line and a respective retest upon ending last week. We are looking closely to go short and our SL should be very tight 10 to 20 pips(depending on your strategy) above the previous higher high.

Evaristos

We'll observe price action at the trendline resistance for an opportunity to go short

Evaristos

Break a low and a clear PA, we could have some few pips on the downside. Comment your insights guys and let's share

Evaristos

Breaking the TL Support adds more confluence to our trade.

Evaristos

Looks like we have a complete Impulse and a Potential clear bearish Bat pattern. We wait for a reversal confirmation and we join the move.

Evaristos Updated 

Upon price action confirmation we can try grab em few pips.

Evaristos

Price looks to have tested the golden ratio, and broken the blue daily trend line and came back to retest the golden ratio. The down momentum looks like a bit powerful and i think we're heading down. We should wait and see how the developing daily candle closes before we make a decision.

Evaristos

A clear impulsive wave with an extended W3, which suggests that, W5 potentially equals W1. Therefore, we'll be looking to go short after that height and a sign of a bearish reversal. Food for next week. Let's share guys.What do you guys think of this.

Evaristos

We have 5 moves with an extended W3 which suggests that W5 equals W1 in terms of price distance. Therefore, we'll be looking to short at the top. Lucky be upon Us. Let's share guys.

Evaristos

We have had a potential AB=CD pattern failed and our PRZ invalidated, but then, a failed ABCD/Gartely pattern could potentially result into a Crab pattern, So eyes open around the new potential PRZ. You don't place your position until you see a sign of trend reversing. Lucky be upon us.

Evaristos

If we're lucky then we have some pips up the hill. We should wait for the H4 candle to close and see if the PRZ still strong to hold.