The trend may reverse at this level due to :- 1- Completion of two ABCD pattern. 2-1.414 Fibs extension for AE Leg 3- 1.27 Fibs extension for FG Leg 4-1.27 Fibs extension for LG Leg. 5- 0.618 Fibs retracement for BA Leg. 6- 0.500 Fibs retracement for DA Leg. 7-4- Valid previous structure level.
expecting some buying pressure at 122.00 psychophysical level. break retest continuation patten/Resistance became support. Also in confluence with he 0.382 fib level. Long term target still the same at 130.000
Yesterday morning I posted an idea concerning the bullish shark pattern and there was few errors on the pattern. I didn't thoroughly calculated the parameters which are really important for the accuracy of the pattern. Normally a shark pattern has to comply certain measurements for it to be valid. These parameters are 113,161.8, 88.6, and 224% respectively. The...
Bullish black swan and bullish shark are converging, likelihood of 5-0 pattern to form later on today right before the USD news events. Normally after bullish shark pattern forms there's a possibility that the 5-0 pattern will come afterwards. The odds for upcoming 5-0 pattern are complimented by the fact that this week the US dollar has been weak against every...
We are long on a short term for a re-test of 119.95. (Today/tomorrow) if the price manage to take out the high 120.47 then short is not an option. After this we will sell the pair and we expect the price to decline again and give us a nice break of the 118.30. structure(sell-point) a break below this point, we will bring our stop firmly on the 118.20. After this...
-THIS PAIR IS IN A SMOOTH UPTREND AS THE ARROW SUGGEST. -AFTER LONG CONSOLIDATION DOLLAR YEN FINALLY UNLEASHED ITS BIG GREEN CANDLE ON FRIDAY. -MOST IMPORTANTLY, A CLOSE ABOVE 118.85 WHICH IS A STRUCTURAL LONG POINT. -IN THE COMING WEEK WE WANT TO BUY EVERY INTRADAY DIP AS LONG AS PRICE REMAIN ABOVE THE STRUCTURE 118.85. -BUY ABOVE 118.85 -OUR FIRST TARGET IS...
It is my frist time at a USD/JPY pair hope i get some $ :) At begining of February it looks like we got breakout but it is return to the mean. 1. Buy some pieces of position. 2. Set 2 or 3 stages of TP. 3. Set one stage of SL. 4. As u wish put some BuyLimit or BuyStop positions. 5. After Reach first stage TP close first piece of position, and change SL. I...
As Market likes to trick people and after the break of 117.25-117.40 the only logical direction would be down, there might be the last trick to get the final weak shorts out before the final down move in the second half of the weak Similar to my EURJPY idea, I try a false breakout trade _______________________________ I did place a a limit buy order at 117.05,...
THIS IS A FOLLOW UP ON MY PREVIOUS POST. THIS IS MY PROJECTION FOR THIS PAIR FOR THE REST OF THE WEEK. IN MY FIRST POST I FAILED TO MENTION THE STRONG SUPPORT THAT EXIST AT 108.64 WHICH CAN CAUSE A SHORT REVERSAL BACK UP TO OPENING PRICE. KNOWING THIS CAN BE BENEFICIAL IN MANY WAYS. 1. IF YOU ARE ALREADY IN AN OPEN POSITION AND FEAR YOUR PROJECTION OF PRICE WAS...
THIS PAIR IS SHOWING STRONG DIVERGENCE BUT I'M CHOOSING TO IGNORE IT FOR NOW AND FOCUS ON THE STRUCTURE. ELLIOTT WAVE ANALYSIS PUT ME IN EXPECTATION OF ANOTHER MOVE UPWARD. MY PRIMARY FOCUS IS THE BROWN CHANNEL OF WHICH I'M AWAITING A CONFIRMATION OF A MOVE TO TOUCH MY LOWER CHANNEL AND POSSIBLE A CANDLE THAT WICK CLIMAX AT MY LOWER BROWN CHANNEL AND CLOSE ABOVE...