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Alexander_Nikitin
Apr 10, 2016 9:19 AM

Trend Identification Technique + video Long

Euro Fx/British PoundFXCM

Description

Hello, gang. Welcome beck to another edition of the forex weekly forecast. Here is the link to my YouTube video youtu.be/2pgOyWJ0rKM

Trade active

the order got filled

Trade closed: stop reached

If you entered this idea it turned into a loser. So huury up to get out of it. The setup is no longer valid))
Comments
ard3413
hello Nikitin, i think any buy setup is dangerous at this point because price bounced at daily up trend line and its near the weekly down trend and there is divergence on MACD on both hourly timframe and daily timeframe. and there is one more reason, this structure is a corrective structure at Elliottt wave perspective and its about to end. I'm waiting for a sell setup.
Alexander_Nikitin
I don't use trendlines or Ewaves counts in my analysis. My analysis is sufficient and no confiramtions are needed. The setup is a high probability setup if it is taken the way I described in the video. Is he is modified somhow, then the probability becomes unknown. Cheers)0
GoodLuckbabe
both patterns are same becarefull brother as we know we are aproaching on very nice bearish trend and we may see price action or may be reversal of bulish trend good luck
Alexander_Nikitin
Like I said in the video, not every setup is a winner. There's absolutely no garantee that this time the setup wins. But if you follow it consistently long enough over time you generate money.
waterman
A very clever finding of pattern. !
Alexander_Nikitin
Thank you))
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