strong elongation in the wave 3, called the truncation in wave 5, which led to the triangle with the outlet down. The release happened on impulse. An upward channel has been broken through. It is too early to talk about a change in trend, but ABC correction will be. Support levels, although they are quite rough. Need to look for the situation
Hey Guys and Welcome, GBPUSD broke previous week highs, we are following Mid-term Trend with a good RR. Strong bullish movement over past few weeks occurred, heading towards new highs @ 1.32500. This Level need to be taken out ;) Long: 1.42230 Sl: 1.41455 Tp1: 1.42991 Tp2: 1.44092 Feel free to Comment and Discuss my Trades. Have a good one :) Alan
Hey Guys and Welcome, USDCAD broke back above previous week price action, we are following „Mid“-term Trend with a good RR. Strong bullish movement, broke previous H4 Highs previous week confirming an uptrend we follow this one.. Short: 1.31016 Sl: 1.30247 (75 Pips) Tp1: 1.31826 (80 Pips) Tp2: 1.32968 (190 Pips) Feel free to Comment and Discuss my...
Looking to catch a measured move from the 1.2274 level back up to the 1.2523. Price is currently found at a confluence of the 0.618 retracement and a significant support level from the beginning of March. Will be looking for a Higher High/Close D candle before entering. For risk and money management purposes, always determine a max. of 2% risk on every...
Alright guys, I'm feeling pretty confident on the market again, and I think a lot of coins (including Bitcoin) are coming to a close on their long correctional periods. We're all in this market because we believe in it. If you're scared of coins dropping, then I hate to say it, but either don't look at the prices, or strengthen the testicle jugulars. If you've...
Entry at Market Target at 0.9436 Stop at 0.9320
Entry @ 1.0759 Target @ 1.0818 Stop @ 1.0735
Entry at Market Target at 1.1741 Stop at 1.1675 Note Wave 5 could go even higher but my target would be as indicated
Entry @ 131.11 Target @ 131.80 Stop @ 130.90
Note that on a candlestick chart the price has already touched the $5857 level but I still expect BTC to come down one more time to retest it and give a bottoming formation which will most likely trigger the upside move. My personal details: Long @ Entry: $4632-$5857, SL: $3210, TP: $10000 For risk and money management purposes, always determine a max. of 2%...
buy the C leg up
Similar scenario to AUD/CHF (See Related Ideas section below). Zig-Zag Correction could very well be over and the new impulse may have begun. My personal details: Long @ Entry: At Market, SL: 81.00, TP: 89.40, RR: 1.47 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be...
I normally wouldn't label a Running flat prior to seeing the impulse indicating that the correction is over which is why I went ahead to label this one. Furthermore, we have been seeing Bullish Divergence for weeks now and Divergences can hint 2 things. 1) Either the new Impulse is in the making, 2) Deep pullback is in the making. Judging from the Weekly...
Entry @ Market Target @ 112.40 Stop @ 112.88
Entry @ 147.27 Target @ 147.95 Stop @ 147.00
Entry @ Market Target @ 0.9484 Stop @ 0.9415
Entry @ Market Target @ 112.80 Stop @ 112.20
According to my wave count I can see the pair edging higher and potentially retesting the 1.8000 level which also acts as a psychological level. We also got a breakout of what seems to be the total / partial correction of wave iv I would be looking to lock on profits as soon as the price reaches the highs of wave iii in the case that we get a truncated 5th wave...