my oil expectation will be first it has to hit 45.82 lows if wave E of the the triangle is the end of the wave four then from there fifth wave will be triggered in an impulsive manner and will hit at least 61.77 ,before or by October 2016 then from there i will be looking for Waves ABC correction ( current ABC correction targets are only prediction for the time being)
Fibonacci 618 im counting how many 618 level occurred , it started long time back in 2015 until today 5 times will we gona see 6th time coming few weeks ? !
looking to buy usdcad target is 1.3188 Target 2 is 1.3600
2 trades taken waiting for further consolidations to take further trades on the down trend , i will keep all open profitable trades as long as they are profitable until i see further developments in trend
looks like if broke the up sideways trend line would be great short setup to go back in the trend line Scenario 2 will be followed
shorting GBPAUD initial target 1.82 further targets 1.72 waiting for entry
i have posted this chart to my friend's Balazes idea ,, plan is going well exactly as planned i will post a link to initial idea below
this is another scenario for this pair , head and shoulder is reversal pattern , if this happens this might be the end of the down trend for this pair invalidation below 151.6
broke the up trend then forming correction wave , and break of correction to downside confirming down trend
on lower time frame we have break for lower border of the daily uptrend channel , this is just and out line very early to decide coming mid April oil discussions on cutting production ,,,, their results will effect market
lets see what will happen next open of market , last week GBP opened with gap , anyway im looking to short this pair no long trades unless daily channel broken up
entry and sl and tp are on chart
waiting a more confirmation on breaking the down trend , going long at 125.10 sl : 123.83 tp : 129.93
simple and obvious entry sl and tp is in chart :)
going short on GBPAUD based on Fibonacci extension entry 1.96139 SL : 1.97465 T1: 1.91068 T2 : 1.85620 note : this might turn into long term position toward weekly trend below 1.45000
once it breaks triangle shorting mid term position good to short below A short at 1.51511 sl : 152385 target 1.44540