marto_el

marto_el Updated 

As price started to show weakness I think the bull momentum might be comming to an end. We have a MACD Divergence, AB=CD completion, 1.414 extention and an even number right at the 77 area. An agressive approach will be entry at 77 with a stop above the previous high. For the conservative onces, wait untill a break out of the yellow chanel.

marto_el Updated 

First of all I am not an Elliot wave guy, so maybe there is something wrong ?! The reason I don't count the wick on the second move is because It was news event driven, I was there and I saw what happend and I don't think there is something sugnificant there. If we push into the 1.1100 level and retrace to the 1.12's there will be a bearish head and shoulders...

marto_el Updated 

EURJPY has been bearish bearish bearish.. For the last few days we have been retrasing back to previous support at 127 forming a gartley pattern. the 128 is the next major resistance level. In the kill zone we have a 1.618 extention from AB, 50% retracement from the initial leg and bearish Gartley pattern. Because we have been in a really stron bearish move and we...

marto_el Updated 

On the smaller short we have a combination of previous structure 50% fib retracement from the previous swing and 1.27 extention. On the other hand a better opportunity will be if the price reaches the 167.250 level. The combination of 61.8% retracement , 1.618 extention previous structure back from 2014 and AB=CD pattern completion make this level sugnificant for...

marto_el Updated 

After The break out of the previous consolidation 0.69-0.74 we have formed a bullish trend forming a support at the 0.77 level and resistance at 0.79 level. If the 0.77500 level holds by market open there will be a good opportunity for a long position with risk below the 0.77 and tp1 at 0.79 giving a r/w of 1/2.5. Keeping in mind that historically most up swings...

marto_el Updated 

On the smaller time frames we have formed a nice triangle with a resistance at the 114.500 making the area good for shorting. sl needs to go arround the 11.700 and tp back in the triangle at the 113.000 level giving risk to reward of 1/2.5.