Possible 123 pattern. Earning announcement in Sep 8th. If your looking for a quick trade best to wait for 4th pattern to develop as an entry point to go long. 2nd options is aggressive and its shorting at the resistances level 3rd pattern, then exiting near (or reaching near) 4th pattern. Anomaly movement is no rally to the 5th pattern point, consolidation...
Price action has finished correcting. Seeing the pair hit the 1.272 fibo extension
EUR/JPY, 2H Chart. RSI (9) + EMA (21,RSI) RISK REWARD RATIO: 5.14 Overbought condition in RSI indicator. Short entry @113.61 TakeProfit @111.50 Stop Loss @114.06
There must be a comprehensive text, but I'm too lazy to write it.
potential wave count and double bottom, take care and manage risk
Looks like we may have entered into an ABC correction here. Price broke through trend support and then bounced off 2015 key level which could mean we are entering into the B leg for a long, and then a C leg for a short.
I think that the trend continues towards point 5 and then follow the abc wave.
Has the USDCAD topped already? My wave count does say so. By the way I'm already short from 1.39383. But the entry signal was a Bearish Dragon pattern. Nevertheless its a relief to see that my wave count tallies with the trade.
The building BLOCKS of trading = Fibonacci; Elliott Wave and Harmonics Please note the attached EURUSD 4H chart should be viewed together with this description. I would also suggest that you have a look at my 3 other published ideas as they are the initial identification of the Elliott Wave formation. In this chart we can see the both an Elliott Wave and...