It seems that we have a Buy opportunity to trade a wave 3 on the Minute period ? It seems price action is at the bottom of the channel and a possible structure break where the trade could be activated with a Buy Stop, after confirmation. RSI also suggests an up move as well as MACD on the 1H...
It seems we have a continuation of bullish price action for another impulse upwards. Wave counts for 3 different time periods all suggest bullish trend, together with Stochastic and RSI showing similar moves. Structure also suggests one more up move before a 'possible' reversal. Looking at RSI in particular, seems to suggest a small move down (on my count seems...
It seems we may have a SELL opportunity on the breakout of structure, based on the wave count of Wave 3 Minute period of Wave C Intermediate period, in a bearish trend. Stochastic and RSI seem to indicate a down trend also. MACD has not yet confirmed a Wave 3 on the Minute...
It seems that a wave 3 minute period of wave 3 Intermediate period has commenced ? Wave count shows wave 2 Intermediate time period count has completed and wave 3 has already initiated of a large short (bearish) trade. RSI and Stochastic shows a slight up move then a significant down move preparing. Structure also indicates a down move after a slight up...
It seems wave C minute is about to start for a short retracement of 0.382 ~ 0.50 before starting the next Impulse on the minute time period ? Stochastic and RSI both show oversold status with a short opportunity. Although SMA shows uptrend on the 1H timeframe, however on the 30Minute timeframe the close has already crossed the SMA high in downwards direction,...
Sell Breakout of structure possibility
It seems that there is a great SELL (SHORT) opportunity to trade this pair. My Wave count suggests a wave 3 is well in progress and structure suggests a short opportunity also. As a small corrective structure is forming on the 1H, a sell opportunity is possible on the breakout of this...
Continuation of price action through channel, bullish on the 1H ? There is a possibility for a LONG trade at the breakout of structure. Pattern structure suggests upward move, together with RSI suggesting upward then downwards move. Stochastic RSI suggests upward move. Once price action hits the upper trendline, a Sell opportunity exists to trade the...
It seems we have 2x Possibilities for this chart? Possibility #1 seems to suggest a breakout of Major channel in Bullish move up to continue wave C on Intermediate Period Possibility #2 seems to suggest a breakout of Minor Triangle in Bearish move down to either a) Fibonacci and then continue up bullish to break the Major channel to continue wave C on...
Awaiting a possible Short entry confirmation after breakout of structure.
A breakout of structure Buy opportunity seems to be available to trade the rest of wave Y to the trendline.
There seems to be a good Sell opportunity here to trade Wave C of the Minor Period, after breakout of structure confirmation.
Here it seems wave A is just about to complete and start wave B. Once the Wave B retracement is confirmed, a Sell of the breakout of structure may be a good idea.
Continuing the hard drop as forecast, beware of huge fibonacci retracements whilst going down. There is another possibility to enter this trade on a SELL, after a confirmation of break of structure, however the SL will have to be around the 105.300 area.
It seems the market has reached the end of Wave Y and is now starting Wave 1 Minute of Wave 3 Intermediate ? RSI and Stochastic also show likely move downwards, all analysis pertinent to 4Hourly Chart...
It seems we have an opportunity to trade the breakout of a channel in the 1H chart, within a correction (Weekly chart). I've set up a Sell Stop to trade the breakout. NB: The trade is already active, now looking to hit the first 2 targets. Trade #3 will only become active IF the lower channel line is broken. Note: All Entries, SL and TP are exactly as listed...
It seems we are mid-way through wave C on the Minor Period? I've set up 1 position to trade on the breakout of structure. Wave count seems to be confirmed on MACD together with trend continuation confirmation via SMA, Stochastic and RSI. My SL will be moved to BE once the 0.50 fibo has been...
It seems an opportunity for a SHORT trade for a wave 5 on the minute period, before an Impulse on a higher Period? Currently it seems price action is within a corrective channel (on higher period) and now seems to be completing. MACD confirms the last 2x Impulse waves 3 & 5 within this channel in the minute period within the higher period channel, complete with...