Look and Learn, chart tells 1000 words!
.618 Rejection, following the waves. I give a minimal picture to try and show you how clean it can all be.
Lets see how it pans out, enter on a macros scale, and try and structurally protect your position as soon as possible!
Set - Protect - Forget - Next !
Speculate Wisely =)
Fibonacci Channel like you never seen it.
STUDY the charts, and cut out the fluff, good risk reward on this one =)
Target = 0 Fib Channel level = We are playing the range here, Any candle closes above blue diagonal ray = failed position.
I generally don't place positions on such news polluted days but this position has good potential.
Short as usual, Protected once in a "structurally safe" position, on a position like this, I would generally have a stop around 25 - 30 pips as we are trying to catch the swing for the week, chasing price with SL based on structure.
If we break down I will be...
A picture can say a thousand words, so I'll let the chart speak for itself.
Beautiful potential sell one for gold on the bigger frames after a very bullish few months.
Could this be the top? maybe not, however I believe we could be in a nice sell zone for retrace.
Speculate wisely =)
I seldom post but S&P500 looking extremely interesting on the bigger frames.
2800 being a core level were price has failed and broke down since October 2018.
We are in such economic uncertainty all around the world, could this be the beginning of a big meltdown? Potentially.
All of this bullish momentum even on the back of bad data to me is a little bit of a...
A little follow up from my previous post, I won't go into too much detail, lets see if history repeats itself.
If price fills the clone I would be pretty damn impressed tbh, would be a ton of sell volume required, but who knows! Its summer after all.
Lines up perfectly with 1.618 fib extension which is a nice piece of confluence, not to mention the cyclic lines...
A chart tells a thousand words, so I'll save a description. Everything is relevant, everything has its purpose.
Small communal donation to the community which taught me much :)
- Diagonal Rays relevant to hand picked High/High Low/Low Points
- Horizontal Rays relevant to hand picked Highs/Lows
- Fibonacci Extension made relevant by historical prices...
It has been a long time since I've contributed to the community publicly, though I utilise the platform near so everyday since the creation of my account!
So I thought I'd post something for the public archive =) a quick bit of insight!
So its July 2017 and EURUSD has climaxed to a position in which it so briefly reached pretty much the same time in 2016 before...
Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :)
The base range is the distance from the highest point of the range to our marked low point.
We then take this same distance to determine the potential size of the breakout
Note how close USD/JPY came to reaching this potential level
in my experience...
Clean cut analysis on EURUSD
Series of Fibonacci levels paint a hidden story, proportional clones give us an idea of the size of movements and momentum over the future days.
Commodity channel index is heading south after being overbought.
Entry on 61.8% level, stop just above 0.618 level
Various other reasons within chart, I love shorting EU but I'm not sure...