Its a very good SELL SETUP on H4.
ENTRY : If we sell right now then SL will be little higher somewhere above 50700
For smaller SL we can waite for price rejection\reversal from current level.
TP : 37800-38000 will be area to book profit.
I could not find any thumb rule to book profit with WYCKOFF method.
I observed and noted that booking proft between...
CHART IS DESCRIBING EVERYTHING.
Smart traders always take smart trades.
For me its a big short.
Note: This is a sniper entry and it will BOOOOOM downward from here.
Good like traders, always manage your risk and rewards wisely.
BTC is making Bearish FLAG at the bottom of 1H chart.
On 1H chart nice bullish candle appear with Bullish Divergence in RSI.
as its making ABCDE where ABCD are completed
and its time for E which will be a bullish move.
SL : 30000
TP 1 : 35000 Price might bounce back little bit at 35000 level as its a strong
support\resistant area which was...
On Hourly Chart Nice bullish candles appears.
Entry Can be taken until 1787-89 with SL 1774
I am expecting it too touch 1787-88.
At 1787 I will look for short entries as per shown in Chart a symmetrical
triangle is in final Leg E.
GBPUSD looks making a 5-3-5 Correction after a nice bullish ralley but WEEKLY GAPS should also be considered.
its making 4th leg of C.
As per rule the wave 4 should be 38% 50% or 62% of Waves 3.
In Current Scnerio it looks like 4th Leg is completed @ 38% Fib Retracement
As there are 3 Conxecutive rejections found @ 38 % Retracement level.
I hope it will go down...
GBPAUD bearish Bat setup for bears.
Bears here is a short opportunity for you.
GBPAUD has completed Bearish bat on H4. As I have shown a strong RESISTANCE from where price had been rejected many times. I think it might retest the resistance once again but in the long run it will have to go down here.
for me 2nd reason for shorting GBPAUD is on daily weekly and...
Bullish Bat setup on EURUSD.
For Buying opportunities look lower time frames to buy EURUSD.
SL = Little Below to Point D.
TP1 = Point C
TP 2= Point A.
FOr me its long.
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Bullish Bat Completed in EURCAD H4 Time frame.
Week gaps should be noticed before entery the trade.
For buying opportunities I would like to look the lower time frames 1M or 5M.
Stop Loss will be little below to point D and TP1 will be point C and then TP2 wil be point A.
For me this trade is a profit trade as other than Bullish Bat its making 1st WAVE of E5...
Weekly Chart is clearly showing that USDCAD has just completed E5 Structure.
and now its ready to make Correction. It could be ABC. Where A and C will be short and B will be pull back.
If we see Daily or 4H time frames it looks a strong bearish trend.
I will look for short entries. As I have shown FIB Retracement in the chart. I am expecting that I will touch...
Last Week I post Double Bottom in GBPUSD 4 hours time frame.
As I Have shown in the chart with the RED Vertical line. Target is already achieved.
As GU is highly bullish it might reach 1.26000 which is a major Support-Resistance area and then It will go down.
On other handside It has completed bearish BAT on 4h Time Frame which is another confirmation that GU...
Recently USDJPY complete 5-3-5 Correction and now its making WAVE #01 on Monthly Weekly and Daily Time frames.
Current Short is the internal short term short only. In the Long run It will go long.
USDJPY recently broke the resistance 108.500 and price is moving below to it.
Its next target is 105.500 or near by areas from where it will bounce back towards 111.00...
EURCAD is making first wave of e5 Structure After completing 5-3-5 Correction.
Monthly, Weekly Daily time frames showing 1st leg is about 20-30% completed.
Its next target is 1.70000 or nearby areas NEXT Weeks.
For LONG Entries, price action like double bottoms or tripple bottoms or Buying on the strong supports in lower time frames would be good option.
GBPUSD recently touched the lowest point.
Corona Infected GBP. While Dollar was Strong.
Recently GBP Started Growing UP. and 4H Chart is showing a very clear Double Bottom.
Nectline is still not broken.
For me its long.
conservative traders will waite untill neckline is break.
but most of traders are long.
GBPUSD was recently making correction after completing E5 Structure at the same time, on the Monthly Weekly and Daily Time Frames.
Correction it made is called EXPANDED FLAT Correction. (Separate Pic of 5-3-5 is shown)
As I tried to show in the chart in this pattern C goes below to A and then Boom LONG UPTREND.
For me Its long.
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As we can see USDJPY has just completed or near to completed Bearish BAT at the top of H4 Chart.
Next will JPY will be winner and Target will be round 100-102.
For me its Short
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