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My last trade target got reached so I currently I'm updating my trade Idea from a weekly point of view (Blackline draw) are weekly support and resistance.
5 wave impulsive move completed and a triangle corrective, currently projecting a 5 wave impulsive move.
Looking for a beautiful bullish bounce off the 38.2 towards the upside. Risk to reward is beautiful...originally thought this was going to sell more but after doing a top down analysis from the monthly to the 1HR TF i've confirmed for myself a great buying opportunity!
Give me your opinion!!! We all trying to get paid right???
Česká národní banka (Czech National Bank) has increased interest rates from 0.75 to 1.5 This was not expected at all and is likely to have continuous impact on the markets.
I started shorting both USD and EUR against CZK.
Support on EUR
Support on USD
There is far more room to...
Macro currency view and Elliot wave pattern.
What currently could be a long-term impulse move or a corrective with a 5 wave internal structure. Wave 3 is an extended not likely to pass my current target.
Bullish Reversal Signal
Candlesticks formation in place
Higher high and higher lows in place
Entry @ previous break point of higher high
Stop loss below lower low
2 Stage Take Profit
Entry @ 21.4905
Stop Loss @ 21.3650
TP 1 = Entry - Stop =21.6152
TP 2 = Trailing Stop loss
After clear price action showing us that the market is breaking higher highs along with local areas of resistance we look for the next push up that's the 2nd wave. This is an aggressive but optimal trade respecting the 3:1 ratio for risk-reward.
Hello traders and community, today I will tell you shortly about situation of USD/CZK
- As you can see from the USD/CZK daily chart, we are currently forming bullish W pattern (yellow line) and also short versions of W pattern, that's why most of factors shows us about possible bullish scenario in long term. Resistance level from Fibonacci...