Hallo traders,
This is my first published idea and I am learning now how to publish here. I will update frequently it with additional info.
Technicals:
According to my EW count we are at the end of the Expanding flat (example on the chart) correction started 9 months ago. This could lead to powerfull bull run with targets 1425-1430 and 15010-1515 which should represent wave 3 in our bull trend.
The first buy window is 1140-1160 $ with targets 1.236 FIB on BC which is 1428 and 1.618 FIB on BC - 1514. This window is supported by multi year trend line.
The second buy window is 1095-1085 $ with targets 1.236 FIB on BC which is 1444 and 1.618 FIB on BC - 1550.
The second window also completes the bat pattern.
Invalidation daily close below 1080.
Fundamentals: We are heading FOMC on 14/12/16. No hike could trigger buying in the first buy window and 0.25 BP hike could lead us to the second buy zone at 1088. Another thing to consider is we had a good NFP with almost no reaction to it. For me this is bullish.
Trade this idea on your own risk.
This is my first published idea and I am learning now how to publish here. I will update frequently it with additional info.
Technicals:
According to my EW count we are at the end of the Expanding flat (example on the chart) correction started 9 months ago. This could lead to powerfull bull run with targets 1425-1430 and 15010-1515 which should represent wave 3 in our bull trend.
The first buy window is 1140-1160 $ with targets 1.236 FIB on BC which is 1428 and 1.618 FIB on BC - 1514. This window is supported by multi year trend line.
The second buy window is 1095-1085 $ with targets 1.236 FIB on BC which is 1444 and 1.618 FIB on BC - 1550.
The second window also completes the bat pattern.
Invalidation daily close below 1080.
Fundamentals: We are heading FOMC on 14/12/16. No hike could trigger buying in the first buy window and 0.25 BP hike could lead us to the second buy zone at 1088. Another thing to consider is we had a good NFP with almost no reaction to it. For me this is bullish.
Trade this idea on your own risk.
Comment:
The big picture
Comment:
Trade active:
Added 1155
Trade active:
Added long 1136 SL 1132
Trade closed manually:
Waiting for better entry
Trade active:
Long 1127 SL 1124
Comment:
Targets for now are 1444, 1530 and 1696
Comment:
Positions hedged @ 1128.5
I think we have one more leg down. Buy limits on 1117 and 1092
I think we have one more leg down. Buy limits on 1117 and 1092
Comment:
Buy from 1155 closed at 1158. Buy from 1127 still running. We have more complex wave 4 before the last wave 5 which could give us a double bottom or lower low.
Comment:
Positions Hedged @ 1163. Bullish Shark emerging.
The shark should complete the 5th and final wave down.
The shark should complete the 5th and final wave down.