Wave structures exposed. Happy trading! WARNING : Trading is all about risk/reward. If you are rookie & does not have a trade/money management you are likely to lose money. An accurate forecast does not necessarily mean trade.
Right now price is correcting (on 4h basis) within an upward correction (daily basis) in direction of the downtrend line (on weekly basis). The idea is to trade what could be a final wave up before reaching the trend line. Watching for a proper price action on bounce area . Please, share a LIKE to show support. Happy trading!
Counting waves. Supports & resistances on chart. Let me know if you liked by clicking THUMBS UP! Happy trading!
Bullish alternate bat (orange) PRZ in RED (longer term trend is down)
Bullish bat after breaking out of channel, if this holds it's going to be fun :)
The hour glass has come! Something will happen by tomorrow. If it breaks up, long, if it breaks down, short. Simple is that. we should be targeting about 70-100 pips this round
Shark (small in RED) in play with target of 50% retracement into the "5-0" Price reversal zone (PRZ) If it beats the Shark double top it's going up to target the larger blue shark.
Long Opportunity, Buy the pullback Need to w8 for price reaction, a bullish candel
I see a spike, and the EUR is supposed to be getting weaker. Be expecting a drop of 60 pips
Here we can see both a bullish cypher and a bullish bat formation, so we will be looking closing between 122.079-121.883 to make a long position. Entry: 122.079 - 121.883 SL: 121.481 TP1: 122.610 TP2: 122.949
1h Crab hit @ 1.161 Within PRZ of larger harmonic and weekly channel.
Bat @ 0.88fib + Shark 0.88fib-1.13fib. stop below 127 fib. (ideally doesn't beat 1.13fib. Double harmonic strong signal there.
Entry: 1.5146 TP1: 1.84298 TP2: 1.83775 Stops above X
Sell at 1.4318 1st target --> 1.4231 2nd target --> 1.4177
AUD is performing well but i see this retracement a good chance of catching some good pips. 4h is breaking, might not but 1h has already broken on a good divergence, I will take this trade now. 100 pips stop loss. If this trade goes down nicely it could give 200+ pips.