EnzoDamario

EnzoDamario Updated 

This little guy (in Blue) formed on the C point of a bigger one (in formation {pink on the chart}). B point is a little bit lower so I will by cautious, but D point lies in a support zone that PA has tested and rejected multiple times in the past. I'm going to enter on the projected D point and use that bar low as SL (don't want to risk too much) Numbers look...

EnzoDamario Updated 

A lot of Fibonacci levels converging on the PRZ... Keep an eye on PA as soon as it goes over 0.71913 We need to wait for a totally defined D point, but numbers look like: Entry: 0.71985 SL: 0.724 (aggresive. Couple of pips over 1.414 AB) or 0.7295 (conservative. Couple of pips over X) TP1: 0.71229 (.236 1.82 RR) TP2: 0.70760 (.382 2.97 RR) TP3: 0.70381 (.500 3.86 RR)

EnzoDamario Updated 

B point is a little bit high (.676 instead of 0.618) so proceed with caution and check PA behavior on the PRZ. Lots of SL levels to choose from, once D is totally defined. Numbers looks like: Entry: 0.94084 SL: 0.9450 (aggressive.... .9485 / 0.95 conservative) TP1: 0.93363 (.236 1.61RR) TP2: 0.92921 (.382 2.64RR) TP3: 0.92564 (.500 3.44RR)

EnzoDamario Updated 

Pattern is about to complete. I'm not a big fan of the pair... and some movements look weird on this one... proceed with caution and wait to see how PA moves on the zone. Numbers look like: Entry: 1.66752 SL: 1.65950 TP1: 1.68203 (.236 AD 1.79 RR) TP2: 1.69097 (.382 AD 2.91 RR) TP3: 1.69820 (.500 AD 3.81 RR) Adjust them when D is totally defined.

EnzoDamario Updated 

Pattern is close to completion. With last hours movements, PA is less than 100 pips away of projected point D. As usual, evaluate how PA behaves on the zone to decide your entry. Numbers now look like this: Entry: 1.26418 SL: 1.2585 (Closest one. Wait for D to be totally defined and chose your stop wisely) TP1: 1.27985 (.236 AD 2.65 RR) TP2: 1.28954 (.382 AD ...

EnzoDamario Updated 

This one might give us very nice risk/reward ratios. Projected D is only 16 pips bellow X, so we can end up with a 20-25 pips SL for great RRs... even the first target @ 1.08545 (.236 AD) offers 1.58 RR. I will keep an eye on PA... my numbers now are: Entry: 1.08840 SL : 1.09053 Targets for you to decide: TP1 : 1.08545 (.236 AD) TP2 : 1.08359 (.382...

EnzoDamario Updated 

PA is about to enter into the PRZ. Lets see how it behaves. Numbers right now look like: Entry: 126.689 SL : 124.850 TP1: 129.187 (.382 CD) TP2: 129.952 (.500 CD) TP3: 130.717 (.618 CD) Target at .236 CD will porduce a RR ratio less than 1, so... Lets wait for D to be totally defined and then recalculate all targets. Good Luck!

EnzoDamario Updated 

I had this one on my list, but then price started to drop on 10/10, so I forgot about it... last 3 days price went up and today it tested the PRZ. I'll keep an eye on it... Now numbers look like this: Entry: 1.3131 SL: 1.3231 TP1: 1.2998 (.382 CD) TP2: 1.2957 (0.5 CD)

EnzoDamario

I wont be entering on this Bat (Red), because I already reached my max of 4 positions open... also because it goes against the big butterfly (blue) that is in the making (and we all have preferences). But there he is. PA is in the zone: Entry @ 1.29586 Possible targets @ 1.30299, 1.30740, 1.31097 (adjust them after D is totally defined) SL a couple of pips under...

EnzoDamario Updated 

PA just entered into the zone. Keep an eye on it and lets see how it behaves. Placing 2 limit orders Entry: 1.73728 SL: 1.72190 (X... you can go few pips lower) TP1: 1.75850 (.382 CD) TP2: 1.76511 (.500 CD)

EnzoDamario Updated 

I'll be waiting for pattern to complete and evaluate how PA moves on the PRZ... Planning to enter on its way down @ 0.65530 with SL just over X. TP1 @ 0.64616 (.382 AD) TP2 @ 0.64050 (.618 AD) Adjusting TPs when D is totally defined

EnzoDamario Updated 

Price tested the zone 3 days ago, and retraced a little bit... Today retested, entered and traveled all its length . I'll be looking how it develops. In the meantime I'll put Sell Limit orders just in case of a sudden retrace: SL: 1.8725 Entry: 1.8616 TP1: 1.8305 (.236 CD) TP2: 1.8116 (.382 CD) (will fix TPs once point D is Perfectly defined and will be...

EnzoDamario

FX:EURUSD Looked so far away a couple of days ago... now it looks possible. Entering between 1.14053 and 1.13936 dependng on PA. SL a couple of pips from X TP1: .386 CD (Watch PA on Resistance) TP2: .618 CD

EnzoDamario Updated 

Please be aware that B retracement did not reach .500 but .475 looks promising enough. Already took the CD leg short (1h confirmation) Entering @ 1.28440 SL @ 1.27800 Once (and if) the Pattern completes TP1 @ .382 AD TP2 @ .618 AD

EnzoDamario Updated 

USDJPY just broke the 113 psychological resistance... so I'm looking at this Deep Crab formation. Lets wait and see...

EnzoDamario

If develops as expected, I'll check price action on lower time frames (1h, 15m) for opportunities to take a short on leg CD (bellow resistance level B) Long Entry: arround .65300 (Look PA) SL @ .65000 TP1 @ .386 AD and TP2 @ .618 AD once pattern completes. FX:NZDUSD

EnzoDamario

Took 50 days to complete, so I hope is a good one. It went down to the .236 AD and today retested the zone again. Looking for TPs @ .386 and .618