Hello guys ,
this is EURJPY daily , i see here correction on daily time frame (WXY)
i guess its a nice opportunity to go long , don't use a tide stop loss since it might be a more complex structure in leg X
Trade your strategy this is not an advice to trade i am just sharing my thought about this pair
Good luck ! and if you have any good idea about this...
Guys this is a good example of Elliot Wave application with very good risk/reward ratio
Entry Point is at the end of wave 4 , Stop loss is below the trend line a little bit and the Target is around 1.618 extension of wave 1 .
This is not a Trading advice this is only an idea , Trade your own strategy .
Hello guys ,
First of all sorry guys for this crowded chart but couldn't do it better than this but dont worry i will explain. So lets go !!
FIRST , EURUSD is forming expanding flag in higher time frame , 12H-D,
The light orange Pattern is called Deep Crab, and it will happened before the blue Pattern .
Deep Crab Rules :
AB=0.886 XA leg
CB=0.382; 0.886 AB leg ,...
Hello guys ,
many of you know the rules of buttery fly pattern but i will mention it below ;
Leg B= 0.786 Retracement Of XA
Leg C= 0.382; 0.886 Retracement of AB
Leg D= 1.272, 1.618 Extension of XA
This is daily time-chart
Now i believe that Leg C will reach the 0.786 or 0.886 because we are in wave 4 in a Downtrend which is a corrective way ,and to be more...
as i posted an idea about this xabcd pattern , now that pattern is finished .
our targets will be 38.2%, 61.8
find your entry setup and make some money
Make sure the reversal is happening dont rush your entry
Hello Traders ,
On 1H Chart the price started to form a possible butterfly pattern , possible long trade in leg D formation i will update the idea later but first wait for the completion of Leg C .
Don't forget guys this is a reversal Pattern ,
Confirm with your trading strategy ,Good luck
we are near the completion point D of deep crab reversal pattern ,
Please wait for good entry setup which matches your strategy and make some profit
Our first target will be the 38.2 Retracement
Our second target will be the 61.8 Retracement
We are on 240 chart, in a corrective wave
i am waiting for the completion of wave (B) in blue , there might be a good chance to go short, target is 115.200
Note : Its not an advice to trade its only a suggestion ,
Please if you agree or disagree hit like or leave a comment ,
Good luck all
i have been watching this pair for a while as i posted an idea about Elliot wave cycle , we are in the corrective C wave,weekly time-frame.
In lower time frame ,4H there is a chance to go short to target the 115.200 -115.300
but wait for the signal of a down trend first,
its a nice setup for me , I am not saying you go to trade this in anyway ,...
Hello guys ,
please watch out for this Deep Crab coming pattern , we might be going short again !
if the price break the X point , there is a potential opportunity to go short ( 2:1 reward/risk ) and then go long on reversal
Happy new year to all
I have noticed this Elliott wave cycle is going for completion in long term .
The long-term target is to reach 92.000.
I am not saying to enter a trade now , you have to find a good entry point .
I will update this idea later in lower time frame .
guys if there any advice you can help me with , i will be grateful. :)
Hello Guys ,
this is my first topic here and to be honest i am a little bit new in Forex , 6-7 month experience.
i noticed this XABCD pattern and i think this is the way market is going to behave .
i am going to wait to hit the resistance line and go short to enter .
please advice me if you think i am wrong .
Hello every one !
We might heading to bearish reversal in GBPUSD soon lets wait and see what will happened !
Entry point : 1.230
Target 1 : 1.275
Target 2 : 1.225
Stop Loss : 1.2333
Any advice is more then welcomed !