RB1988

RB1988

If you're into set and forget type trading this trade fits the bill. On the monthly we've had a three wave corrective structure up; a three wave pullback. Now we need another 3 wave move to the upside. Green buy signal on the monthly too. Looking for a final price of around 1.19. SL at 1.05. With the DXY weakening and speculation of a USD crash, the EUR should...

RB1988

Looking for AUDUSD to pullback here for this C wave down. B wave looks to have made a triangle structure with 5 clean subwaves within it. Note this is only a scalp. I'm expecting this to move within the next 24 hours and if it doesn't, the likelihood of the triangle breaking down decreases. SL will be set just above the .618 fib (0.72250). TP 0.79900. Roughly...

RB1988

Lovely fractal here for ETHUSD. We can see that we had an initial passing move to the downside (yellow line). Then we had a 3 wave structure up (blue); We then had a 3 wave structure (pink). Notice the RSI double touch off the bottom. I think we'll get a 3 wave move to the upside over the coming 24-48 hours (green box). Decent scalp opportunity. With 405-415 a...

RB1988 Updated 

Looking at the previous 3 wave structures, each B wave retraces perfectly to the .786 fib. We're currently on the final B wave of the WXY structure and there's still plenty of of upside left before we get our C wave down later this week or early next week.

RB1988

Trading the breakout and backtest. 3:1 R:R from here. Looks like it has completed a running flat from the impulsive move to the upside. Indicators suggest more upside on longer time frames. GL if you follow!

RB1988

Huge bull pennant on the weekly chart. Looks to have backtested the flag breakout. Monthly indicators suggest more upside. TP 21000.

RB1988

Flag looks just about complete below the larger flag. Measured move takes this down to 1.13s Roughly 12:1 from here. GL!

RB1988

Only a SCALP. Triple bullish divergence on the 15 min. Should see a short term pop. SL at the double bottom low. Get in and get out as there's more downside likely longer term. GL!

RB1988

Looks ready to put in a C wave. Bullish divergence on multiple TFs. SL just below the start of the A wave in case B retraces more than 100% of A (unlikely). GL!

RB1988

Lovely fractal forming for EURNZD here. I'm expecting one quick dip below the 1.79 mark to shake out weak hands before a decent move to the upside. GL if you follow! Cheers! :)

RB1988

ASX 200 looks to have put in a leading diagonal for the A wave. Looking for the B wave to retrace to the 0.618 fib (~$4800) where I'll open up new longs for the C wave. GL if you follow! :)

RB1988

Looking for one last touch off/just below that support line from the bottom of the falling wedge. This should see a 3 wave move to the upside over the coming weeks. So just buy and hold. TP around 1.85. GL

RB1988

Looking for wave 5 to complete of this corrective A wave. Tight SL at the recent swing low gives a R:R of 7:1. Great risk to reward. GL if following!

RB1988 Updated 

Looking back in 2015 and the EURUSD showed textbook Wyckoff accumulation. Fast forward to 2020 and it looks as though the pattern is repeating. Note the ST in B can break the low of the SC. It didn't do that previously, but it can do it. I think this moves towards the 1.11 region over the coming weeks. GL!

RB1988

Global markets are in shambles at the moment with the whole coronavirus pandemic. I still believe we need to make a lower high before the real drop comes. As we can see in the yellow circles of previous large moves down price makes a lower high. So expect this sudden drop to correct. I'd look to key fib levels around the 50-62.8% retracements. Around $13,700 for...

RB1988

4H bullish divergence. Looking at the last time we've had 4H divergence in this downtrend we've seen short term relief rallies. Expecting something similar here with a move up to 109.3 - 109.5. GL if you tail.

RB1988

Looking for NG to pop over the coming days. Bullish divergence on the daily. Targeting the 50MA on the daily chart as it has previously acted as resistance during this whole downtrend. I'm targeting the 1.90 region, but depends on where the 50MA ends up over the next few days. I know there are no fundamental reasons supporting this pop; this is purely a technicals...

RB1988

Looking for oil to complete the 3rd lower degree corrective wave. Weekly RSI is at a crucial level too. A weekly close below that green support line will see oil prices continue much lower. I do believe we've seen the low for oil for 2020. The effects of the coronavirus on reduced travel have already been priced in imo. We should see oil rebounding over the coming...