We have two scenarios But first the market must go to 1.75758 If 1.75267 was broken the market will go to 1.72648 If 1.75267 stayed strong the market will move to 1.78419 and it will move back to 1.72648 This is a new way in Elliott waves counting by time cycles more logical more Easier and more faster You will see my results :D
this pair is created strong support now it will try to test resistance.
Please always trade according to your own strategy. Thanks
PRICE TOUCHED THE 1.76114 LOW FOR A SECOND TIME. I AM ACTUALLY IN THIS TRADE. EXPECTING FOR PRICE TO START GOING UP AGAIN. GOV WHEELER HAS SOME IMPORTANT SPEECH THIS NIGHT. RSI IS COMPLETELY OVERSOLD.
Looking for a long-entry off the lower trendline. Keep in mind the pound is in a delicate situation and there is a good change the lower trendline will break and we will head to newer lows. Keep a sensible stop loss and hold the position long-term.
Its the third time at the same level market rebound and the triangle more explored to us after breaking the down trend and testing it again we are sure market will go up to 1.8041 this level our first target and under the new low is our SL . Good luck ..
If the pair pulls back to either the 2.14 area there could be a potential opportunity for a short. Reasons to short - Trend is bearish Returning to a major SR level (blue line) The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (yellow box) A confluence of fibonacci levels from previous...
Potential Reversal Zone at 2.1236 with potential targets at 2.1640 and 2.1885. For the brave souls that choose to take this trade, stops should be below the 2.1075 level.
If it Rejects On this Lower Trendline By Closing Above This Trendline i am gonna long here with take profits@ upper flag 2nd condition if this candle closes below the trendline then i am gonna short with take profits@flag 3rd condition if candle closes below trendline and then market crossess the 2.37964 level then i am gonna reverse my position to...
Candle Close above the high will open doors to the Flag Take profit levels Entry@ Breakout Trendline Stop @ Breakout Trendline Low Close Take profit @ Flag Described On chart
We will be in wave C when the first bearish pivot is confirmed and can not see the break of the latter top.
basic textbook setup. price has retraced into a key resistance level which also has 2 fibs lined up with it aswell (38.2% and 61.8%). double top has now formed and price has bounce off the Resistance forming a pin bar/inverted hammer. Target at the neckline of double top.
(See the edit to Gartley #1 in the comment below) Looking at the 4 hour chart there are two potential Gartley patterns setting up: Gartley Buy Pattern (purple): Buy @ 1.9870 Sell @ 1.9770 (SL) (Note the typo in the above chart) Sell @ 2.0084 (TP) Risk: 100 Pips Reward: 210 Pips After the Gartley Buy, we also see a potential Gartley Sell with the CD leg...