Good day Traders! Our TP has been hit and now we have Sell orders triggered. We will keep an eye on the positions since its a Friday which means retracements can be abit wild and wipe all our profits. Happy trading!
Good day Traders We could be continuing to the downside on EURUSD considering the current structure. We will wait for the current 4H candle to close to look for selling entries. EURUSD going down would be ideal as we need the market to correct the initial bullish 5 wave move.
Good day Traders! We could be ready for a continuation at that level and TP is at 35.000. We put a fairly tight SL on this one.
This looks like the end of a correction (wave 2) and going for wave 3 which is the longest wave (Elliot Wave Analysis).
Good day Traders! We are almost at a key level where we should get some market reaction. A break-even SL on the re-entry would be advisable. NB: The Bears are still strong.
Good day Traders! We have an almost-perfect trade signal on this pair to buy after a retest of the trendline. This retest is also occuring along a key level thereby creating confluence. However, it is advisable to wait and see what happens on Monday before entering the market. I could post a re-analysis on Tuesday should anything significant change with the...
Dear Traders! Could this be possible or a bit too ambitious?
Good day Traders! Well, the holding continues although the market has been caught in a range for two weeks now. We are still expecting a continuation to the downside, all the way to the 16.30000 level or beyond.
Good day traders! This is a review of the EURUSD position we placed las week. We were anticipationg a bullish move on this pair but as much as it pushed to the upside, it did not follow the pattern we we thought it would. As you can see from the chart that the SL was hit before the market started going up. The move to the upside is not complete so we can still...
Moving the SL to secure a 1: 1 is advisable at this time or better still, take profit on half of the position. We need to pay close attention to that double retest at a key support level which is correlating with the divergence on the RSI. It might be an indication of a substantial move to the upside or just a pause before a continuation of the original trend to...
There is a sell signal (continuation) to complete the fifth wave.
Greetings traders and thank you for viewing my post. Your feedback, in whatever form it maybe, is greatly appreciated. Your comments, especially, helps me improve my content so that you get more value from them. We were on a sell on EURUSD (signal sent on 01 September 2020) and we reached the first TP which happened to be along a trendline. What also happened...
This pair seems to have completed wave 1 (contains 5 mini waves) so this coud be the start of a corrective wave 2 to the downside. We will get concrete confirmation from today's daily candle after the market closes for the day.
We could be getting a perfect structure for another entry below the marked trendline while moving the initial stops to break-even.
We should expect a reaction around the blue area (demand zone). When the market gets to that level, it will be wise to either put a break-even SL or better yet, take TP on half of the positions. If the market reacts by correcting to the upside then we will look to add to our positions at key Fibonacci levels (61.8% but preferably 78.6%). The bias is still to the...