I am still confident that there's some unfinished business with the upside. I'm looking for it to complete and then fall down. if it doesn't go its full extent, then we should be prepared for a downside
Trend analysis, If market breaks previous low and transitions, then we can look for a low. However market looks like it's completing a zigzag pattern of 5 waves up
I'm leaning more towards the short side, Market has not given enough confirmation in my analysis to make a confident Long trade. I see more short opportunities that i do long. What are some of your thoughts? I believe market can break my support and head lower
Short once market has broken the trend line, look for confirmation
As you can see, my analysis has come to pass, for those who entered this trade you would have been making profit. May we continue to grow in our trading knowledge, and begin to take control of our finances. Follow me on my journey.
Upon analyzing, this is an idea i came to.
Upon analysing the chart. I believe that this pair has potential to hit a lower area, to around the 1818 price. Looking at the bigger time frame and seeing it's direction, it gives us a better analysis in the lower time frames to predict what will happen next.
Planning to buy if market breaks previous high. using the Elliot wave strategy, with market structure, fib, support & resistance, moving average, trendiness, top down analysis to confirm my trade, so quite confident
Using the Elliot wave strategy, top down analysis, market structure, support and resistance and a few indicators, I can see that market is heading in a downward position for the coming week. Now we do not know what will happen over the weekend that could effect the markets direction. but for a framework and idea, we should look for a short in this time Frame.
if price breaks markets recent high, I am going to continue following the trend of the market, going long
Using Elliot wave, looking at the patterns the chart is forming, and the direction of the trend, I can see it's a bullish trend. However, It's at a zone of retesting, so I wanted to see based on my top down analysis, whether I could Catch a few pips in the 15min time frame, possibly in the 1hr time frame also. But I am aware the main direction is bullish. I am...
Upon analysing every degree, something was common. And it was that the next wave is upwards. The fashion or the type of wave it is going to create is not that important to me just yet, as I am aware that it is forming an impulse wave overall in the 1 Hr time frame. I believe in the 1 hr, it is completing its second wave and entering into a strong third wave, and...