edoyuwon1909

edoyuwon1909

this is the scenario for short term bullish idea. hope you guys understand happy trading and goodluck

edoyuwon1909 Updated 

i am still on my bearish bias. so i just counting another ABC correction and wait for confirmation to go short

edoyuwon1909

what team are you? bearish or bullish? off course we wouldn't know for sure. i have some running profit position (as the signal i post yesterday). but as we see other probability, i decide to take some profit, and let some others to running. share your thought on this in the comment good luck

edoyuwon1909 Updated 

our last signal hit SL we change our prediction, looking for another scenario, wait for confirmation, take another short position, and good luck here is my new scenario. the price will go up reaching the trendline as seen on chart. then i'll wait for any bearish candlestick pattern on H1(it could be engulfing, shooting star, etc) before take any short pos.

edoyuwon1909

yes i am still on my short bias. haha i looked for any possible ABC correction, confirmation, and take position. i put the target at 50% of our daily impulse wave

edoyuwon1909 Updated 

Often HAPEN in Elliott Wave analysis, we may lose OUR count. If that happens, I'll focus on identifying correction patterns (abc or abcde) and start taking positions according to the trend after I believe the correction has ended. This chart is an example of how I "guess" the potential patterns that might occur. Here we also see how we distinguish wave B from...

edoyuwon1909

Our TP has been reached, I am taking a sell position again with a smaller lot size I do not have any intention to buy until the price touches the 50% correction at 1.04058 The correction pattern can be vary, but it won't end before reaching that point. On the chart, the blue scenario is for a simple zigzag (ABC) pattern where B is a completed zigzag (abc), and...

edoyuwon1909 Updated 

ishort position for today s chane of character in the short timeframe. it may inaccurate but the Risk reward ratio is good i'll close somebposition when the price close the gap. but my secondvtarget is the price to reach a lower low as i assume this 3 weeks is a zigzag correction goodluck.

edoyuwon1909 Updated 

it may not seems to be perfect, but qualifies as a leading diagonal. I take a sell position at each Fibonacci number falling within the supply area. The plan fails (SL) when the leading diagonal is breached upwards. always use SL, proper lot size, this plan is fully base on my bearish bias. we can find more long position plan, if we have bullish on our mind 😃 goodluck

edoyuwon1909

the chart above is my prediction of course i'll trade base on that plan. i believe that the price will form a zigzag and this is some clue of a zigzag correction - it will reach at least 50% correction (it can be 61.8% or 76.4%, or 85%) - it mostly form a channeling structure (we buy only after the channel (equidistant trendline) break) - As long as the price...

edoyuwon1909

this is exactly why we should not over-confident with our plan and scenario it's because no guarantee the price will follow your plan if we look at the chart, the orange plan is about a triangle correction, consist of 5 ABCs AND the blue plan is zigzag correction, consist of ABC (5-3-5) this two scenario is possible in our Elliot wave count strategy. of...

edoyuwon1909

not much to say. our last week plan went well... so i would continue my sell bias tell me you thought in the comment box goodluck

edoyuwon1909

This is one of the scenarios that may occur. Correction zigzags that will form a channel. but This is not a fix plan, Besides, this picture is for the long term. We still need to analyze the daily movements that occur. so I will continuously update base on the movements that occur daily. Follow me for more updates and posts. lets make friend :) share your...

edoyuwon1909 Updated 

yesterday, right after the fed announcement, the price went up to our selling area then today we see the price seems smoothly fall as we expected. for those who read my post yesterday will surely found a H1bearish engulfing and would be happy with the result but now, our concern goes to the pattern of the correction. it's for sure an ABC (3waves) but it's...

edoyuwon1909 Updated 

the price is moving toward our sell area, (my previous post) if we find any bearish clue in H1, we can take short position it can be bearish engulfing, shooting star pattern, choch, quasimodo, etc dont forget that our leading diagonal signal will be invalid, if the price break the last swing high(1.098) good luck

edoyuwon1909

this is an update from my last post. a leading diagonal (12345) is: - first wave (1) of a bigger 12345 wave - first wave (A) of motive wave ABC from that point of view, we expect at least the price will break today's swing low good luck 😉

edoyuwon1909

As I've been posting recently, I've been leaning towards a buying position. However, looking at the movement over the past two months, it seems like I'm changing my mind. The reasons are: - zigzag correction formed over the past two weeks (check my previous post) - the rapid upward impulse doesn't seem natural to me; I suspect it might be a trap for the last...

edoyuwon1909 Updated 

it's been a very corrective this whole 2 months but i still think it would go up. Good Luck!