Wave 5 have hit a %161,80 on fibonacci level. set up from, wave 1 to 3. a correction may have started. we will see. People have gone crazy over bitcoin and it can drive the price higher to aprox 8000$ before we will see a correction of A,B,C. The C wave will be a bit higher, i will try to update a new chart if this happens. Scroll around on the Chart, and...
So this is my second wave chart... if you can see some mistakes, be welcome to give some constructive criticism in the comment section :) The chart starts from 2017-03-02. Zoom in to see more details on the chart . I started with a daily, but i am posting a 4 hours, so you can have a chance to see some of the details. I have been going into smaller time...
So after keeping my eyes on the chat and on the chart BTCUSD, I noticed a lot of people expect a dump. BTC has been roughly following the same trend for a while now (red lines) and people are expecting it to bounce of the top limit, resulting in a dump back downwards. But, taking the news into account, is there any reason to believe in a dump if there's no bad...
please leave me some feed back on what i can work on or anything i'm doing wrong. thank you
please leave some feedback on what i could work on. Thank you
how i should of traded with a sell limit at the 61.8 mark. please leave some feed back. thank you @frankforex
So I've been quite dovish about publishing ideas as I am new/green to publishing and still growing in the trading arena. I've been watching FOREXCOM:AUDCHF since June and thanks to the education I have been receiving lately, my analysis of this pair has been quite spot on, so I'm so happy I have found such good teachers and I am seeing signs of grasping the...
We saw a break through the channel formed on the daily chart previously over the past trading week. UJ rallied all the way up to the 112,800 region but faced strong rejection of the weekly resistance zone which stayed firm. I am still very bearish on this pair however with the recovery DXY is making we could see this pair rally all the way up to the monthly trend...
My 3rd ever analysis, so please feel free to correct me ad suggest me other tools which i'm discovering. Looks like it price can hit early May near 0.02 or slightly above Buy near present levels at 0.015-0.016
On my previous post I stated that there could be a downside movement for this pair. However, there was a large amount of upside movement which looked like it was due to noise or news which has been released. As seen yesterday there was some news released for AUD which may have sparked the current increase in buyers. I feel that the noise period is over and a...
Hi all I'm just looking for some feedback. I picked up a ascending triangle pattern on closer inspection of what looked like a bear trap. My idea is to enter the trade at the retest of the S/R breakout, however I also feel that a trap is in play and may lead to a bearish reversion. Am I correct for having a bullish bias with this trade?
Retracement occurred in the middle of prices 61.8 and 78.6 There is structure to the Left Cross over on moving averages Candle stick reversal patterns: 15min - inverted hammer and spinning tops 30 min - morning star pattern Original TP is near 1.34326 price/ 100 % level Due to my personal Risk to Reward Ratio: Stop Loss is set at price 1.33721, 50% of my first...
Break and restest of the 50 EMA Bounce off the pivot point Bullish Engulfing Upcoming news in NZ of consumer confidence could be a good boost or if negative could move the trade against us. risk/ reward 1:2 Stop below 50EMA and Pivot point. TP just before R1 but will need to trade through some previous resistance level at .70800 risk .5% Let me know your...
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
If you check my post from 12 days ago of the AUDUSD you can see it hit where I predicted. I'm looking for it to retrace most probably or perhaps break the light blue box. Keep up and have faith and patience; look back on my previous AUDUSD it will help you to understand thanks leave feedback.