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Correctivestructure

CORRECTION IN EURUSD - 1H CHARTHey Traders, Simple idea, we may have a breakout soon. So watch for this to brake or look for the reversal by the red rectangle to go long. In case market drops we are looking for a fast reversal up from the red rectangle. - Hola Traders, Idea simple, puede que tengamos una rotura pronto. Estad atentos a que rompa o sino buscad la reversión en el rectángulo rojo para ir en largo. En caso de que caiga el mercado estaremos atentos a una reversión fuerte y afilada desde tal rectángulo rojo. Carlos
Long
by ccerezo11
4
3 WAVE CORRECTION IN USDJPY - 1H CHARTHey Folks, We had a nice sharp move up and it seems to be a 3 wave correction going on. The idea is simple, the third corrective move is going on so watch for a fast reversal, then a flag to sell and we can even hold a trade towards to the end of the arrows, making a complete ABC correction from the impulse. IMPORTANT: If we do not get a fast reversal and starts making a slow move, we may have more than 3 waves inside the structure drawn by the lower and upper black trendlines. So we are looking to a very specific pattern (sharp move down and a flag consolidation). Watch for these issues, Carlos
Short
by ccerezo11
1
RE-ANALYSIS IN EURCAD - 2H CHARTHi Traders, I wanted to share this Re-Analysis of a past idea I published. If you want to check it out the past idea is linked to this one. We are still analyzing the corrective structure. In a first beginning it looked like a converging flag and we expected a move up but it went out of structure and now we can identify perfectly that we are getting a corrective Flat. Short term is a buy, it could either make a Running Flat or brake the top to become an Expanded Flat. Afterwards we will get a sharp impulse down. If you want to buy wait for a corrective structure where the arrow and then buy breakout. I am very interested in the downtrend move since it's the big trade. Carlos
by ccerezo11
2
UPDATE ON EURJPY - 1H CHARTHey Guys, We are on the long term trade already, saved with the stoploss to brake even, so we don't worry about that one anymore, we just let it work. Now we are finally getting a new buy setup. Trade the breakout of the flag and you can look for a nice trade to the upside. Our goals is still to break the whole structure (Green lines) and keep the trade. There are chances of a Flat correction ABC, I drew the lines of the different moves it can do. Let's see what happens. If market overlaps last resistance and goes out of upside trendline then the buy is invalidated. Carlos
Long
by ccerezo11