Please take a look at the current juncture Green is the option 1: - new impulse is forming, the correction is quite shallow t H1, may be a flat with the wave c of it testing the prior low. Likely, it will pullback deeper before the main advance in wave 3. If not, then a good idea will be to buy-stop the peal of local wave 1 Blue is the option 2: - on the other...
I think that this pair will pullback, likely in a flat correction. Will wait unti it forms a wave C close to a reasonable fibo level, then will look for a small impulse to the upside to enter long Of course, will need to check - the correction has already completed - you never know. You need to be very cautious )) Especially if you monitor or trade usdjpy (btw,...
This chart is a supplement to the previous one I published (sorry, I don't know so far how to add a chart to a already published idea) This pair will be a rocket, to my mind )) Of course, there may be another leg of correction, in a form of a triple zigzag, but let's see. At this point I buy whether the uptrend or a XX wave
This may be a nice trade opportunity to buy this pair Will show then a daily chart. On this one - my logic is quite simple - the ABC correction has completed, I tried to trace it down to a minute chart Last Friday price started forming an impulse up, so far seems like this will be an expanding diagonal. Stop below the point Zero (start of an impulse). Risk to...
I will wait for the pullback 125,29 to complete in a clear 3-waves pattern (or so) - may touch the channel low border and 0.5 or 0,62 Fibo level. Afterall, this may be a good buy opportunity in a 3/3 to the upside Basic idea is on the chart. Key risk - the pullback may be much deeper - please take into consideration Fibo 62 of the whole big wave 1
Dear Colleagues, it seems to me that the next week will prove to be one of the most interesting trading periods for those who like this pair. At least, for myself. The long-lasting consolidation in a large triangle was broken to the downside. As it should be the 4th wave in the downtrend, I am wondering what is a kind of a diagonal that we observe to the price...
I will wait until wave (5) of C travels the same distance as wave A of this assumed correction. This price level +/- confluences with 0,618 Fibo extension applied to the distance covered by waves (1)-(3) Will watch for the price action hints for the potential reversal to the downside. That will be my trade) PS. I am not labelling internal waves of C - just in...
Pay attention to the smaller t/f signals for buy. On a larger (H4) t/f I see a distinctive 5 waves impulse up, followed by a 3-waves correction. Price may be well positioned to continue in a 3rd wave up (wave iii) Projected targets FE162 of the distance travelled by wave i (shown with subwaves (1) to (5))
This is the update of my first post on TW It seems to me, that the chart is quite clear. Current pullback is about 62% Fibo and straight into the upper border of the base channel.I labelled it as the second wave. Expecting further downside in the BIG Triangle on the daily chart. Be ready for a great move in a 3/3 wave, that should be strong and vertical. AO or...
After completion of a triangle on a higher t/f I am selling AUDUSD right from the top. First impulse wave down followed by an expanding flat (3-3-5) in the second wave as shown on the chart. Seems to me the history repeats itself - there is a highly likely impulse down in the wave 1 of a lower degree, followed by 3-waves A and 3-waves B - should complete wave C up...