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 ,
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...
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 ,...
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
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 ,...
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...
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 ,
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
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 !
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 .