WaveExpert
Short

Are you familiar with the Pattern?

FX:EURUSD   Euro Fx/U.S. Dollar
1790 45 41
4 months ago
Just Watch!

Its not a Trade Call.
Thanks
4 months ago
Comment: Pattern broken in opposite side! But it was not against the expectation! Now pay attention what I wanted to teach you guys from this idea. May be many of you don't know about this thing! Why it broke upside? let me tell you just look at the picture
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4 months ago
Comment: This is what I wanted to teach you guys! Read it carefully! It doesn't matter if it come back to structure or not, but the purpose of this post was to teach you guys about this pattern! Hope it will help you guys who were not aware!
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Teach Forex Trading. PM me if you want to learn trading or want to join learning & training course!
Iforextrader
4 months ago
right! i was thinking the same
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WaveExpert PRO Iforextrader
4 months ago
That's good!!
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Timothy1776
4 months ago
Thank you for sharing
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WaveExpert PRO Timothy1776
4 months ago
Welcome :)
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dannyvermeylen
4 months ago
i like your idea, but i do not agree with it.
i think that if you look at the bigger picture, this should be the end of the corrective wave (ending diagonal).
an new impuls wave up with target 1,169 should begin.
maybe i'm wrong, anyway thanks for sharing !
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WaveExpert PRO dannyvermeylen
4 months ago
Its your right to agree or disagree with me & I respect your views! I am happy you shared your idea!
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sonu81
4 months ago
which pattern is this plz
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WaveExpert PRO sonu81
4 months ago
Just wait for few moment!
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DanishC
4 months ago
thanks for sharing.. Learnt something new :)
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WaveExpert PRO DanishC
4 months ago
Glad to know that! :)
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TraderChris01 WaveExpert
4 months ago
Thanks for the chart re the 4 support points really interesting! Now that price has closed out side the top trendline would you wait or a PB to the trendline and just go long or would you look for a candle signal at the top trendline before entering?
greatful for any advice you may have! :)
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WaveExpert PRO TraderChris01
4 months ago
No we don't look to go long on this pair, Its just retracing upside! If this pattern was formed on daily then we would definitely had a long setup!
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TraderChris01 WaveExpert
4 months ago
Oh ok many thanks! Is that because its against the daily trend?
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janne0536
4 months ago
hi thanks :) more strenght up eh :))
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WaveExpert PRO janne0536
4 months ago
Glad to hear that! :)
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Viking83 PRO
4 months ago
I think this is the reason why it broke to the upside:
USD

:)
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WaveExpert PRO Viking83
4 months ago
Yes you're right, my position is still open! its just for retracement! I was just explaining the Pattern to those who were aware of this thing so it may help them in future. Glad you participated with your idea. Thank you
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davidabbassi
4 months ago
Great Info... Thanks so much for all your Posts.
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WaveExpert PRO davidabbassi
4 months ago
welcome! :)
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Guerrera
4 months ago
haha)) it's very funny to read your excuses. Especially about: "It got more support levels 4 than 3" loooool) it's logical if it broken up)) You are very funny teacher!
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WaveExpert PRO Guerrera
4 months ago
Dude! its not a excuse and just look at the description which I posted with the chart "it was mention its not a trade call just watch"! BTW if I had not posted these updates you didn't get the notification and won't had a chance to visit this idea! But I posted so I can teach for what I posted! So don't be a hypocrite, I am not here to argue with you! if you think its a excuse then think!!
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WaveExpert PRO WaveExpert
4 months ago
Go and ask a good trader! he/she'll explain to you the same thing! and if he's good in wave then he'll explain you with wave count too!
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Alexander_Nikitin TOP WaveExpert
4 months ago
I also think this idea to be complete bulshit))
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WaveExpert PRO Alexander_Nikitin
4 months ago
thanks for your concerns!
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WaveExpert PRO Alexander_Nikitin
4 months ago
Mr is it the same kind of bullshit? Do the wave count? if you can't do that let me help you in doing that! And please Watch your mouth next time if you don't know! I respect you!
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ianpatton Alexander_Nikitin
4 months ago
Hey Mr Nikitin can you please keep it civil. We should be able to freely express and share ideas without abuse thanks.
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WaveExpert PRO Guerrera
4 months ago
Dear its for you too!
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TimStuyts
4 months ago
Hello WaveTrader, first of all thanks for sharing, every share is appreciated.Let me show you why we should have been looking for a buy. First of all in a descending channel you can't have more resistance than support because it needs to bounce up (support) before it can give resistance, if it is the other way around it is not a channel and therefore not treated as such. Nevertheless that's not the point. If you focus on major structure which is leading for the EURUSD, we have to focus on the daily time frame. You will see that price reached the base line of the triangle on the daily time frame. Add to this the weekly range and market dynamic this pair is showing at the moment and the extension lower and divergence, this all combined would indicate that we should be looking for a buy (correction). Keep in mind that price is contracting around this base line for a reason so breaking below is possible but will be followed by a retest and most likely not a continuation. I bought it based on 5 min 1-2-3 reversal pattern out of this confluence zone, closed 1st position for R/R 3/1 but expect more to come. Hope this context helps you understand where we are in the structure. Once this wave 4 is complete we can sell once again. It is good to spot patterns but I don't know based on this post what else you look at because in general a pattern is not enough, you need to build a case to trade with at least 85% success ratio. I agree with a comment posted here as well that we should consider this an ending diagonal.
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WaveExpert PRO TimStuyts
4 months ago
Thank you Tim for sharing your views! You have the right to agree or disagree with me! and I really appreciate that you've shared your views positively!!
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TimStuyts WaveExpert
4 months ago
We are all traders and sharing is learning! I won't say I disagree with you because I don't. I just rationalized my view based on your post, to me there is no right or wrong because it is a probability game. Thanks for the effort and I will definitely check out your work more often! Safe trades!
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sketchmaster PRO TimStuyts
4 months ago
TimStuyts - That´s a solid wave count, and a nice attitude. Thank you for both.
(but mostly for the wave-count) :)
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saleri
4 months ago
Thank you for comments
+1 Reply
BlackZeroDarko
4 months ago
you think on this
EURUSD HARDCORE BUY AFTER BREAKOUT
:D
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WaveExpert PRO BlackZeroDarko
4 months ago
Its very right! right near to retracement level!
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MindTrader
4 months ago
EURUSD
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WaveExpert PRO MindTrader
4 months ago
Thanks for sharing! :)
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MindTrader WaveExpert
4 months ago
Thanks Brother , I am just learning from you.
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Fxtoronto PRO
4 months ago
Hi WaveExpert, i am just a student of the wave theory so not an expert. I do agree with your idea but with a different reason that i would like to share
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I hope my post couldve added more positive content on your idea, seen a lot of negativity on here from mature traders lol
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nahidik PRO
4 months ago
OK I have an opinion and you are welcome to it! There are so many ways to trade if anyone believes their way is the true path they should really get over themselves. What I do believe in is results, plain and simple. If WaveExpert wants to count support and resistance levels a particular way and it works then she is correct. If that does not sit well with the purists so be it. I gave up counting the minutia to make sure my wave count met all the criteria. I simply use the AO indicator, every time it crosses the center line it is the end and start of a wave. I add a dash of RSI, a tablespoon of support and resistance, an generous portion of Fibonacci, a pinch of trend line and a good helping of the secret ingredient, Common Sense.
Figure out what works for you and use it, not much point in putting down others ideas because you don't agree with it.
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DAVID_GIRALDO
4 months ago
thank you!! i like the note you made. i would only view the pattern as a descending channel. like the fact you added about the descending flag cause its new for me and i have seen it happen but just viewed it as a failed channel. now i know its also a descending flag.
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FX_Twist
4 months ago
Bear breakout of bear channel? 25% chance that will fail within 5 bars.
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Janemartin
4 months ago
good
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WaveExpert PRO Janemartin
4 months ago
thanks
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TweetFx
4 months ago
perfect
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WaveExpert PRO TweetFx
4 months ago
thanksss
+1 Reply
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