DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
It seems to form bull channel after complete AB=CD.
I were already long from 1.041 and looking for next entries.
Waiting for breakout to buy a huge wave!
This pair would test top in the flat correction.
I will update chart of 1H latter!
Broke out and pulled back. The favorite trade setup!
The current correction is moving slowly and spending more time than previous impulse. So, I can define the current wave is a corrective one.
The price action moves nearby the top of wave 1, the favorite zone to buy with low RR.
Idea: Waiting for breaking of correction channel to buy OR buy right now and put a stop loss some pips bellow peak of wave 1.
A break out of bear channel and we can see an clear side way correction. The signal for buy next impulse wave!
If we are in wave 4, the next impulse would be a massive wave while the current price very near the invalid point (wave 4 cannot overlap wave 1). Keeping eyes on this!
The first impulse made a higher high, so we can assume that new trend had begun.
The correction followed by a ZZ in the form of AB=CD. Price should finish 5 waves of C and test bottom again before going up a huge 5 waves.....
Looking for long positions for next coming months and years is my trading direction for this pair!
We are likely at wave C of a deep correction ABC in 1D chart.
The current wave C still in development. so, short wave 5 is also a good opportunity now. However, a big moving up wave should be the main target. Let's how it develop at the level of AB=CD (around 1.01).
We are in correction after Brexit, price may make a complex correction there. So, short is better than long in this case. I will wait for a clear bear channel before selling and also setting a TP in range.
It seems to be at wave 4 which is a flat form.
Looking for sell from top of Flat.
Breaking out 1H correction, price would travel to bottom. Then looking for buy!
Let see how it develop!
The first impulse wave is developing after ending end wedge.
The current wave may be a wave 4 - expanding flat.
Buy the bottom of wave 4 and stoploss at wave 1 peak.
Some reasons to buy:
In process of wave B of Y
A safe trade with this pattern! Buy the current H1 correction! Minimum target is within triangle. Hope this up wave will breakout and going ahead!
The chart tells my idea for both cases: either triangle or a running flat. Booth cases offer a bull zone but not now. I will wait for a break out of current trend (current trend may form and ending wedge) and look for buy pullback.
Price formed multi A-B-C waves and narrowed the price range as to form a triangle after wave W and X. A triangle is initial for last wave (wave 5 in this context). Waiting and sell wave 5.
I believe that price will break the peak to go ahead. The current corrective wave also should spend more time than wave 2. Let see how it develops!