Hello ladies and lads,
there is a good opportunity in EURUSD. I have described the situation briefly in the following lines:
1- Pattern:
5 wave pattern (motive) of C of Bigger ABC.
2- Fib zone:
1st wave projection from end point of 4th: 3.00
3rd wave projection from end point of 4th: 0.382
4th wave extension: 1.272
3- Indicators:
MACD : showing a Divergence that occurs mostly at the end of a motive wave.
DT Oscillator:
I have used 8.5.3.3. as the configuration for DT in EURUSD's chart.
both Daily and Weekly charts are in oversold position and their signal line has been crossed upward.
4- Trade Trigger:
2-5 pips above 1.18842
5- Invalidation and stop loss:
2-5 pips lower than 1.18060
6- Take Profit:
First tp can be 1.19753, but the potential is much more if conditions are met.
I will update this part later.
This is it. I would be glad if I could hear your thoughts on this.
You can ask me any question you have!
Thanks for your time,
hasta la vista!
there is a good opportunity in EURUSD. I have described the situation briefly in the following lines:
1- Pattern:
5 wave pattern (motive) of C of Bigger ABC.
2- Fib zone:
1st wave projection from end point of 4th: 3.00
3rd wave projection from end point of 4th: 0.382
4th wave extension: 1.272
3- Indicators:
MACD : showing a Divergence that occurs mostly at the end of a motive wave.
DT Oscillator:
I have used 8.5.3.3. as the configuration for DT in EURUSD's chart.
both Daily and Weekly charts are in oversold position and their signal line has been crossed upward.
4- Trade Trigger:
2-5 pips above 1.18842
5- Invalidation and stop loss:
2-5 pips lower than 1.18060
6- Take Profit:
First tp can be 1.19753, but the potential is much more if conditions are met.
I will update this part later.
This is it. I would be glad if I could hear your thoughts on this.
You can ask me any question you have!
Thanks for your time,
hasta la vista!
Trade closed: stop reached:
stop has reached. the good thing is that the stop loss was small. lets get ready for the next possibilities
best,
best,