Nanguei

Nanguei Updated 

read the retracements and expansion levels and you'll start noticing the pattern..1.272 forming a new leg.. back the the previous leg's 0.786.. expansion to 1.272 and so on

Nanguei Updated 

1. Market found Major Structure Support 2. Fib confluence 3. higher high 4. high possibility of triangle formation due to structure setup 5. good Risk to reward ratio

Nanguei Updated 

I feel it is very important for the market to do something i like before i enter the trade (create a case for entry) that's why i want tit to first test the previous high for support before continuing with the trend . We also have some pretty sweet fib confluence that the market is likely to recognize

Nanguei Updated 

So basically, i woke up this morning did my own analysis before i started viewing anyone else's and i noticed a great deal of people are expecting to go short this week. I agree to a certain extend. But i feel it will only be a short retracement for a bit of relief before proceeding with the overall trend (bull). cant wait to see what see what happens

Nanguei Updated 

market bounced off a major support level and broke into a higher high. expecting a short retracement before continuing the new trend. what do you guys think ?

Nanguei Updated 

It's pretty clear now that we have a bullish trend here, all i am hoping for is a bit of relief into that support level before we see it rise into that major resistance level (red). the minor trend channel provides a pretty tight area for that market to move, so I wont really be concerned out the market breaks out of it, I just need the market to hold that support line.

Nanguei Updated 

last one for today. I'd just like to get a bit of feedback on what you guys think about this shorting opportunity. Again, just a basic analysis based on simple reads on S&R as well as fibs.

Nanguei Updated 

based on structure as well as that little pattern over there, (not completely sure if its properly done anyway).