details on the chart, however here's some explanation: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the move towards the presumed main trend...
As you can see in the chart for $ARQL i yet again used channels and volume indicators to help good entry points for both long and short positions, when looking at the RSI you can see that this company was very oversold, im waiting for a parallel channel break and increase in volume to make another entry. wallsthooligans.com
As shown in the chart
An ABCD corrective move could end up at a significant daily resistance. Bullish Gartley potentially retesting the upper band of an already broken descending channel could be use as buy entry level to ride the BC leg of the entire "big" correction.
We will wait for a little pullback to the 1.40 level and buy from there. This pair is ALL BULLS.
I recently posted the completion of the bat pattern on GBPUSD. My condition for entry on this pair will be for price to break out of the descending triangle and descending channel it is currently in, I will wait for a close above on the 4h time frame.
Following my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be...
Eur-Pln Short Setup Resistance Area Rejected With Grave Stone Doji Also Rejected Trend line After Retrenchment Fibbo Also Confluence
On a 1H chart we have a bullish pattern Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to 1D Chart However I Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for a...
BUY: new high, break of 248 TP: along the targets up to 281 SELL: break of black trend line & failure to break 248 TP: around 232.5 - 235 / Build a new long position from there. HOLD: if you are long, the break of the C&H neckline indicated that price will try to reach the C&H target 256-258 A break of 248 would indicate that...
Here is my attempt on the dollar correction. First I figured out a leading diagonal withing a leading diagonal. I used MACD to identify which were likely to be the 3th Elliott wave. Than a correction may be in play: an ABC pattern The strategy is to buy at 62% retracement of the 'A' leg. Happy trading! ___________________ *For now on I'll reveal the money...
Update: the market responded late to this trade. The gap somehow invalid the forecast ____________________________________ The last bullish momentum was just a gap-closing action. Demand seems too weak to expect another bull impulse. All clues leads to a short position.
Long Entry setup (My opinion, not a suggestion, nor recommendation) Details on chart
Here we have a very solid Gartley pattern form,ed and completed in both the negative deviation of the last 100 and 200 moves. Like with all harmonic patterns i have placed my entry and stops as follows : Limit: 1.618 extension of BC , which meets at where both the 200 move regression and the 100 move positive deviation cross Entry at point B Stop at point...
The pair fell to 1.46569 Level. Some participants missed the move and would like to have a peace of a pie. Basically one of the entries can be the breakout of the current local low, but, there is possibility that the upcoming US news will define a current low as a low for today. I suggest to wait till the pair will move towards 50% - 61.8% Area to sell. but...
Put the fib at the real breakout level (cause that's where the rally started then) and you get an OTE at 252. that makes good sense in combination with the price action we are seing now ... long wicks down to the ote (typical ote buying) !