wolfino

wolfino

We are at an historic low for this commodity, at such low prices 0 is your stop loss and with the winter coming the sky is your take profit. Just be patient. If it goes lower I'll be so happy to buy even more.

wolfino

Here's my count on DAX, we are in the c leg of wave 4 in a bigger cycle wave 5. Below 11740 points should begins the last impulse that if similar to big wave 1 started in 2003 will bring this index to 14500 points area. At that level we could have a big correction down to 8700 area at the end of big cycle wave 4.

wolfino

Looks like we have an Impulsive wave completion on h1 EURCAD, possible correction expected.

wolfino

Here's my view on EURUSD, on smaller timeframes we already have an impulsive wave formed. Great RR ratio.

wolfino

The pair is at a critical point: at this level we could have another impulse up targeting previous high, this will give us an extremely good RR ratio trade.

wolfino

The pair is at the lower borders of 2 important channels, the price action of last 3 weeks speaks for itself, first target RR 2,5 to 1.

wolfino

The pair is near the low border of a price channel started 2 years ago, in the circled area are going to intersect 3 dynamic supports of previous yearly channel plus 2 daily channels that I draw on the chart. With a Reward to Risk of 5 to 1 targeting previous high in this big correction I'm definetly keen to see price in that area with some bullish price action.

wolfino

In this pair we are at the bottom of a 5 year channel, weekly price action is definetly bullish, great RR. If you look for a more conservative entry wait for the break out of the descending short term channel.

wolfino

The pair is at the bottom of an ascending weekly channel, price action in the last 2 weeks shows some sign of bullish strenght, targeting previous high will give us a reward to risk of 6 to 1.

wolfino

The pair is at the bottom of an ascending channel, weekly pice action of last two weeks is definetly bullish, Risk to Reward bigger than 1 to 4.

wolfino

The pair is at lower border of an ascending channel, is it quite possible a third leg up in this long term correction phase, very good risk to reward ratio 1 to 3.

wolfino

RR of almost 2, I expect a little bounce up where to enter with another size with better risk reward ratio than now

wolfino

Wait in the next hour the right pattern to enter long, we are at the base of the dynamic support which is also the lower limit of the value area, take profit at the control price line which I draw in the middle of the channel. Excellent risk reward ratio here. Try to buy at 46.50, SL at 45.50, TP at 49.50

wolfino

It's a little bit too late on this but entering on a pullback in the 4h TF will give a RR ratio of about 1 SL: 1.4060 TP: 1.4650 Then in the upper half of the discending channel I'd try a good price action setup to go short

wolfino

SL: 18.35 TP1:19.30 TP2: 19.88