Anticipating the pair to get moving with the LSE open when all the volume will be coming in. E: 1.1865 SL: 1.1820 (45 PIPS) TP: 1.1970 (105 PIPS) RR: 2.33 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 equivalent to 1,25 Lots with an 80 pip stop loss. Targets and...
The pair is currently forming a classic ABC correction and could potentially take off from the 0.618 or 0.786 which happens to confluence nicely with yesterday's POC. E: 1.3514 SL: 1.3483 TP: 1.3593 RR: 2.54 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 equivalent to...
According to my Wave count we are currently forming the 5th and final wave of a motive wave sequence which could very well finish at 2013 levels, and specifically the 1.24xx region. My approach would be setting a Buy Stop order above the 1.2027 level from which the pair plunged dramatically after the SNB decided to unpeg the CHF from the fixed exchange rate of...
Judging by the former Impulse I am expecting the price to come back up and retest the 1.31xx levels. My personal details: E: 1.2852 (274 PIPS) SL: 1.2750 TP: 1.3126 (102 PIPS) RR: 2.68 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 equivalent to 1,25 Lots with an 80 pip...
From the looks of it the pair is found in a 4H Flag Consolidation. Should it break to the upside we are then looking into the potential of an Inverse Head and Shoulders forming which should indicate some further upside for the pair. My personal details: E: 0.9028 SL: 0.8980 TP1: 0.9100, TP2: 0.9268 RR: 1.5, 5 For risk and money management purposes, always...
The Harmonic Pattern has already be completed and already showing signs of good momentum which is why I will be considering jumping in all the way down to the 61.8%, which happens to have a nice confluence with a long term point of control For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000...
61.8% Shark target hit (see Related Ideas section for original post) and from the looks of it the pair is on its way to forming a textbook Cypher pattern. Entry at the 78.6%, Stops below X, Target at the 38.2% of CD. My personal details: E: 1.3850, SL: 1.3750, TP: 1.4050 For risk and money management purposes, always determine a max. of 2% risk on every...
The red boxes on the chart represent the Asian session as I came to notice that during the LSE session the pair would either come to the 50% of the TSE range, or all the way down retesting/breaking the low of the TSE range. Of course the opposite could apply, retesting/breaking the high in case of a downtrend. Details are laid out on the chart. For risk and...
Price currently forming a Hammer candle at the POC from 3 days worth of data in a High Volume Accumulation region. Looking for longs
As the title suggests, back in October 19 (2017) I made a post on this pair calling a potential +1000 PIP target, using Wave analysis and ended up playing out in textbook fashion, which is something I am very proud of. God knows if I'll be able to call such a move again therefore I'm posting this to share with you that achievement. This goes to show how...
The possibility exists that the pair could take off without forming the E leg of the formation. 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 equivalent to 1,25 Lots with an 80 pip stop loss. Entries, targets and closure of positions may be subject to alteration...
Price has broken through, and currently retested the neckline showing a lot of upside momentum and giving a nice long opportunity. Will be looking for the next higher high / higher close for entry. 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 equivalent to 1,25 Lots...
Price looks like it has some more upside momentum for one more push. Will be looking for an entry after a Higher High/Close (preferrably Engulfing) 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 equivalent to 1,25 Lots with an 80 pip stop loss. Entries, targets and closure...
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...
Pair is giving a nice consolidation, potentially setting up for the next move up which I expect to either take off from the 38.2 or the 61.8 My personal details: Entry: At Market, Stop: 82.32, Target: 83.85 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 equivalent to...
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%...
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...