this is simple fibonacci, dear friends! no lines, no indicators, no magic, just the natural movement of the world sell until the retracements(1st and 2nd targets in green) SL closing above the red line
1st e 2nd targets in green, the third part of the position i will let roll free SL in red
1st target upper green line SL in the red area (closing only)
i will look in lower time frames (1'/5') for some entry point tomorrow but the idea is basically like that, a long position trying to catch the retraction of this down movement a good R/R opportunity, but by now it's free falling, in this one my plan will be all about find an good entry point with a tight SL, in case of loss i will try again later
that's my way if the price breaks up the red triangle, could go UP inside the green one if it breaks down, invalidate my setup putting an alarm and going surf, pretty good REAL waves around here this week =))
but if it breaks up the channel could be a nice opportunity to go long, waiting for the pullback and confirmation if it breaks down and come back, its nice too, we can entry with the SL on the bottom and the first target on the upper line got to have patience, its in a pretty strong downtrend
downtrend but this reaction is looking good SL closing under the red line targets in green i will take (if it goes) 1/3 2/3 and the rest i will let it go risk free
yeah, Leonardo de Pisa would be proud. SL closing above the red line this pair is in a pretty strong up movement targets in green
wait till it closes under the upper green line targets in the lines(1/3 2/3...) SL closing above the top
wait till it closes under the upper line with the SL closing above the top the targets in the lines 1st line - realize 1/3 2nd 2/3 and then it goes have a nice week my friends!
IF it closes under the red line, could be a opportunity to go short SL closing above the red horizontal line 1st target green line
closed the long position. next week wiil look for short this pair is pretty strong, got to be careful
i missed the entry now i am just watching, the target its the upper red line there still some pips to go but now the SL is too far. wolfe wave!
i will go LONG if it breaks the green down trend line and CLOSES above (i usually watch for the candle that breaks the line as well, and maybe lower time frames) possible targets in green SL in red if it closes of course, this is the left side of the chart, everything is beautiful and you can drawn what you want! lol i will put an alarm in the downtrend line...