anticipating a fall it will be a good one! The trades i post are the ones i personally take if you follow me long term we will always be in profit as the RR ratio of my trades are set to be in profit even with 31% win ratio, as ive said in my previous posts please do take partial profit at 40 50 pips and lower your stop loss or set SL to break even.
WE HAVE BEEN IN A CHANNEL ON EURJPY SINCE THE START OF THIS YEAR, AND IT IS MAKING A PUSH TOWARDS THE 126.00 LEVEL. AS USUAL AFTER A RE-TRACEMENT WE LOOK FOR A FAKE OUT AND WE GO LONG AT THE OPEN OF THE NEXT 4H CANDLE.
ALWAYS MANAGE YOU RISK AND ADJUST YOUR VOLUME ACCORDING TO YOUR STOP LOSS AND NEVER RISK UP TO 2% OF YOUR ACCOUNT ON ANY ONE TRADE. NEVER EVER...
Title is self explanatory.
Reading from others and watching indicators I was not confident this bull run would lead LTC to an ATH. But I think it has laid the ground work for the new high.
MACD and RSI are dropping and that is what we need. The further it drops the more LTC will appear as over sold and that will attract buyers. Still believe we will see a few %...
We are in wave (iv) of (c) of (b) of Z. Based on fibanoahi levels wave (iv) should be ending (it is between 0.236 and 0.382 retracement levels of wave (iii)). Wave (v) expected to go to a level between 0.77 (38.2% extension) and 0.766 (61.8% extension of wave (iii). After wave (v) we will see the start of bigger wave (c) of Z.
It is preferable not enter for any...
Hello, my first time ever one the cypher pattern. loocking for the 0.96708 for the D
One a 4 hour time frame.
RSI is on 36.
MACD crosing the signal line.
Elliot wave 0-1-2-3-4-5
Buy sell buy sell buy, next step buy.
B = 0.382-0.618
C = 1.272-1.414
X to D = 0.786
AUD/JPY is going down on the 4 Hourly chart based on fundementals. Technicals support it, as it crosses through our set Entry Point around 87.859.
Traders are adviced to Take initial profit TP1 around 87.052
and set another trade open with a TP2 of 85.794
We have 2 possible moves, so we expect the trend break to confirm the bearish movement, or wait for the rebound in the support line to confirm the bullish move. It is only to wait for either of the two conditions to be met to know which side to operate....
I’ve been keeping my eye on an advanced pattern formation that began forming on 4/10/2017 following a 70% retracement of a previous bear trend that lasted about 8 days. It was unclear if this was indeed an advanced pattern until price formed a BC leg, this occurred when price bounced off of previous resistance around 1.065 and then found support at 1.06. The...
Coupled with RSI and MACD, I have drawn the support and resistance line for confirmation. During the asian session, EUR may rise to 1.068 range or slightly higher. From there take a sell trade and set your stop loss at 1.07208 and TP at 1.06038.