Overall trend is bearish on W, D, 4HR. We have a 75% chance of creating a lower high so I'm looking to see a LH creation just below the top of my inside bar, that is also an area of resistance. In the meantime, this can also be counter trend traded before we get that LH formation, if I'm entering in a long position I will be looking for BOS on 15 min. TF and then...
Hi all,
It's Goldencloud Crypto Jude here.
Please see my eliot counting with NASDAQ Mini Future.
I think that B-B is coming now with the CPI, and bounce up to Fib 0.618 as C.
After that It will be dump with FOMC season.
See how it goes.
Hello traders.
this time I mapped NZDCAD with a risk reward ratio of 1:6.5 if it is in full accordance with the farthest target.
the assumption is that if you risk 2% of the capital, then when the price reaches target 1, you have saved 1:3 if it is according to the plan, the farthest target saves profit is 12% of the capital.
this analysis is not an invitation ......
Breakout Countertrend Long @ 1.20328
Tp 1.20568
SL 1.20084
Bias is still bearish on the short term. Price hasn't hit daily support yet. Use caution - reduced risk profile.
As mentioned on last Wednesday Facebook Live session that we are in a Harmonic Patterns Season. Right after the bearish shark pattern run of 252pips, we are waiting to catch to reversal or pull back at 136.26 for a buying opportunity.
I will personally look closely on this setup as I may have a plan for target extension for this trade.
