Certainly spheres are powerful tools. Mixing a sphere with a fib spiral in the set is also very interesting to watch. Near mid top then normal correction. A retracement is imminent IMO starting now till June 30th. May be short term will see how far it will go. enjoy!
OMG is being hold very nicely in the 0.618 Level within this Bull Flag. A break on the intraday Bull Flag with buy volume and preferably breaking up the 50 EMA would give a nice swing long opportunity.
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Expecting a retrace of GBPJPY for several reasons :
- Holding at a Fibo level
- Fast MACD Crossing
- News from Japan coming
Low risk setup, targets are on the chart.
Trade might be invalidate tomorrow by UK numbers tomorrow morning (GMT+2), so size your position accordingly.
Trade safe, manage your risks
Welcome to the first quarter of 2019 so based on the structure given on chart with Elliott Wave it seem to be a good time for buy as price hits fibo ratio 61.8% so long seem to be a good idea.
1. 2 SL given,
2. if long consider to buy as low as possible, buy between SL 1 or SL 2.
3. fixed SL on option. 1 (as peak point of bullish movement)
The Brent has reached the level of 50% in the Daily and seems to be about to start a new bearish phase. I have identified two possible targets in the graph, one at 38.2 and the other at Fibonacci 23.6.
Single stop loss for both transactions.
I could decide to reinforce my idea short if today's heikin ashi candle, on Friday, should close in short.