This may be the entry for the idea i've published almost a month ago (related ideas).
I am treating this correction as an ending diagional, this offers us a great risk to reward in the 3 entry points i've marked, and a small stop for the more agressive one.
Stops are placed below the invalidation point, that is where wave (v) is longer than wave (iii).
What call my atention the most in this case was the almost perfect equality there is between wave 1/A and 3/C.
Then after looking a little more in this, it made me think we could be in a ABC zigzag correction, IF that is the case it should be a good idea to look for the long setups ONCE it breaks the channel, I am not descarting the possibility of this beeing a...
In a previous chart i've posted, i said that i was looking for the upside potential this pair has (pleas see related ideas) And here is a setup aiming to the upside. r/r of 3, tight stop, structure and divergence in play. Let's see what happens
The general direction of audusd is down for the moment (please see related ideas) , and we are breaking from a corrective structure to the downside, so shorting should be a good idea i am not descarting the posbbility of this pair retracing to 618, so i will set my stop above that level. Good r/r
As i said in a previous chart (please see related ideas) I was expecting eurusd to break this channel and add to my position. Looks like that is happening now.
You have two options, wait for consolidation or buy now. My recommendation is always to enter after price proved to stay out of the corrective structure. But if you set your stop in a smart place, you...
This pair has been in a massive downtrend, and as i posted in a previous chart (please see related ideas), i am seeking for sell setups.
Well this may be a good sell setup :
Price break from a channel to the downside, and it may be a good idea to sell now, or if you are a little more conservative, wait for a consolidation in a lower timeframe, like 15min, and...
Well, after the impulse up, and the correction we are actually in, will this be the time to get another impulse up?
This is how i will manage this trade:
I will take a small position here, at .618, and set a tight stop of 20-30 pips. in case this pair starts to go up from here, i might add when it breaks the first trend line (grey) and then look if it goes out of...
This is how i will be looking audusd-0.19% for the mid term.
Since it looks like we break from a contracting triangle to the down side, i will be looking for sell setups in the mid term if price proves that this pattern is INVALID, and makes another kind of structure i will stay aside.
The idea is to look for some continuation pattern on a smaller timeframe...
I've found price to respect pretty well this channel, and i watched this pair go from 2.01 to 2.08, with the idea of going long, but didnt find any setup that allowed me to do so.
So, here is what i will be looking the next week, i will probably for break TL, and consolidate a little to get a bettter entry.
Eurusd is corrective for the moment, and it is in a interesting zone (for me).
This is .618 and the bottom of this channel. The R/R is good and the stop is tight, about 30 pips. So for me it is worth a try
I am long on this pair since it touched the .5 retracement (For other reasons). now this might be a good opportunity for me to add.
Ichimoku is bullish in 4H
We have signals that this could be a nice kumo break out:
•Chinkou above price
•Price above kijun
On the D1 Timeframe we are still above the...