Neel_K

Neel_K

Notes for self

Neel_K

Few Lines and Notes for self. Lets see how this actually plays out.

Neel_K

Trade Based on your rules. the Lows saw a good rejection at the levels of D completion earlier in the day. the overall price is still in bearish trend on daily and larger timeframes. But this would be the levels for countertrend trading that would make this cypher come to life. Risk rewards on cyphers are not usually great anyways, and in this case, the exact...

Neel_K

Lets see which ABCD legs gets formed and completed this time.

Neel_K

Not a Trade idea but just a note for self reference, to watch out for key levels

Neel_K

The price has had a steep climb. With one hour out of 12 , bears were on sidelines until now. Waiting for a good sell. Bulls will like to pause n rest. Looking for setups during consolidation. and retrace.

Neel_K

Looking to retest the structure back again after testing the lows of the previous channel. Similar to one here.. This could also be seen as Bollinger Band trade for those who trade them.

Neel_K

Looking for a retest of structure a good R:R trade , and harmionic support too

Neel_K

This is what bears are gunning for

Neel_K

RR in favor hence they would not give up unless PA goes down.

Neel_K

Details on Chart. If PA break to down side.. bears would like to restest 11650 level. If bulls win.. 11762 next pit stop

Neel_K

Did this in a rush. Plz check the fib levels for correctness. Possible AB CD move will take this to .. 382 level. Trade is on.. so..just waiting for market to ..give me a result soon. Will probably be linked with US news ( hopefully soon) Also see..ref. chart !

Neel_K

The bulls are closing in again ..the while bear battalion is waiting for them to charge..!!! les see if the bulls deploy the nukes. this time around. And if the barriers are broken soon.. !!! Tomorrow will be an be interesting day..! (or it may be damp squib)

Neel_K

A great deal of structure must be broken to complete this pattern. However, it would be interesting to keep an eye on the German news on Wed and the PA leading to it. RSI is not completely in oversold territory yet, and the MACD crossover is not yet complete. Lets see how the PA starts off this week

Neel_K

AU has been making lower low and lower highs for few hours now, and tonight being the date night with RBA, lets see which of these possibilities come true.

Neel_K

RSI divergence on 5min chart. Cypher completion at D. Lets wait to see how far it can retrace. For bulls it can go up to X leg for retest of structure hence SL to be above at least 10pips above X.

Neel_K

You may have entered short at Retest of Yellow Resistance., Or 3rd Leg for 3 Drives Or Trade looking D completion for butterfly Stops : Should above spike over yellow. There is a potential cypher completing at that area. ( ref . Linked chart from Akil ) Note X leg in the prior chart was incorrect for a valid butterfly.

Neel_K

If the PA reaches the Flag, Looking for potential short. And If PA continues to move down to D leg of potential Butterfly., Go Long. Risk Reward Looking better than 1:1.5 What does your analysis say?