About meI am an Aussie living in Stockholm. Now that is unusual! Must be mad right? Struggling full-time trader but I have my moments! BTW Marvin is my Lancashire Heeler and since I have had him (March 2015) I have made 32%. Hope to learn a lot here.
Cable is on fire at the moment and this pair normally is the big mover, as has been seen this week. Good to buy on a retrace back to support at 2,1500. Targeting at least a normal end of wave 3 where you can either take some profit or let it run in the hope of an extenstion.
We can see that wave 3 has gone to the 161.8 extension of wave 1 which is normal. If it retraces now it should be a flat as wave 2 was a zig zag to the 61.8 fib. Thus we can expect the correction to go to either the 23.6, 38.2 or 50& levels. If wave 3 extends the correction is normally to the 23.6 but ocassionally ...
Waves 1 & 3 were normal and it looks like we're getting a complex 4th wave correction. This means that we're likely to get a 5th wave extension (100% of 0-end wave 3). I'm looking to get long around 108.00.
Looking at the H1 I see two senarios. Either we've had the pullback and price is heading north or it could retrace to the bottom of wave 4 which is a good confluence zone (61.8 fib) to go long. I lean towards the latter.
I'm already in after the retrace from yesterday's RBNZ rate statement (unchanged). Square up, rejection from the 61.8 fib and minor resistence zone.
T1: Yesterday's low. A break of that could take us down to .6350
I'll be looking to short again if we get back up into the zone.
Recent dollar strength is providing us with several opportunities for reversals this upcoming week. Maybe. Let's see. The entry area is tricky on this one seeing it's a daily chart. Look for price action and divergence confirmation on a lowere timeframe. Please hit the thumbs up button if you agree. Good luck.
Similar to AUDUSD. More down expected before a reversal at a good confluence level for some potentially significant gains. Watch for some price action signals and some divergence on MacD or similar. Very good R/R here.
I've been away on holiday for a while, hence no ideas for some time.
Here we have a potential bullish bat pattern under formation on the H4.
I think the dollar still has some more positive momentum in it following Friday's big moves so I'm expecting price to come down to the D point. I'll be looking to ...
Hi traders. Are we getting a repeat scenario of what happened last October? Then we saw a 4.4% correction down to previous structure followed by a weekly hammer. A similar situation has occured 4 weeks ago. I'll be looking for buying opportunities around the 124.45 area. Comments welcome. Thumbs up too! :)
This one's starting to fall. RSI over 70. Sell now with stop above the previous highs at X. Please leave a comment, I'd really appreciate it and if you hit that thumbs up Marvin & I will be thrilled. Thanks & good luck to all.
Not your usual bat pattern as the D point is higher. Good R/R on this one as strong resistence is nearby. Sell now or wait for a better price as this may develop into a butterfly. Please let me know your thoughts and hit that like button if indeed you do like this. Good luck all. trade safe,
A quick short here based on previous structure. Previous support/resistence in play again plus a nice pinbar. Please leave a comment and if you like this then please show you do! Many thanks and good luck. Trade safe.