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NZDUSD FOREX BREAKDOWN 18 DECEMBER 2018
Very strong bullish reaction after forming lows, possible sellers takeout.
Bullish reaction possibly forming new LH.
Market was bullish but changed to bearish last week, good short entrys now!
(Please split your Position to 3 small ones for perfect entrys!) ...
I detected a supply zone on the 5-minute chart that seems to be solid with more sellers than buyers. If the price crosses above 112.872, then I believe it will come down for a potential 2:1 reward/risk. But, it has to break below the zone between 112.791 and 112.776 for the risk/reward to be possible.
EUR GBP SELL on Break Out with Huge TAKE PROFIT!
Nice opportunity to sell EUR GBP on Break out level. Stop loss is small if we look at the profit target
Before you take trade be sure you are in risk management (RM)!
For all extra information, don’t hesitate, Ask me in the comment below! ...
AMEX:SPY is a STRONG SELL.
AMEX:SPY has completed a 5 Wave Cycle and is in the midst of an irregular correction. Irregular Corrections have a phenomenon which Elliot called, "Double Retrace".
Irregular Correction most often manifest after a 5 Wave Cycle with an Extended 5th Wave.
This is an update to my original idea on July 27th, 2018: SPY-SELL-BUY ...
NYSE:SQ is a STRONG SELL.
Square has completed a 5 Wave Cycle and is now in Cycle Wave 2.
Cycle Wave Count:
Cycle Waves %:
-Wave 3 - Extended over 500% of Wave 1
-Wave 5 - ...