ekl100

ekl100

4H enters a correction cycle whilst daily chart remains bullish. I have closed two added long position and keep the first one which was opened around 15003. This will be used to protect the next long position if there is a buy opportunity showing up.

ekl100

Following my earlier idea, a long position is now in place, opened at ~15003. Half of the position was closed yesterday ~15090. Now I am looking for further long opportunity, if the candles pull back to ~15130. Daily chart remains bullish, but 4H is in a late phase of an up cycle. Thus I will wait until a strong long signal from the 30min chart before a decision is made.

ekl100

Weekly chart remains bearish. Daily chart is suggesting a correction at the moment. 4H may retrace up to ~15100. Meanwhile, I have closed all my short positions and look for a small long opportunity and a bigger short/long opportunity after that.

ekl100

Weekly chart is currently approaching its recent low at 14910-14950. 4H has entered a second down wave and thus short opportunity remains. With the protection from the short position opened earlier, I would wait for the M30 candlestick to pull back to the trend line, and add another short position with the confirmation from the CCI indicator.

ekl100

Currently weekly and daily charts are ranging across. I would only trade within the range of 4h support and resistance and aim for small TP.

ekl100

Currently the daily chart enters a bearish cycle. This could be a correction since the weekly chart is still ranging across. Nevertheless there are still some short opportunities to target small profit. 4H chart is showing a second wave in a down cycle. My first short position was opened at 15277 and this position has been used to protect addition short positions....

ekl100

Weekly chart suggests a possible up to retest the resistance at ~15314. 4H chart is currently testing SMA50 as a support and failed to break. If the candle pulls back to ~15200, there may be an opportunity to take a long position and aim for TP at ~15314.

ekl100 Updated 

My short positions were closed yesterday after hitting TP at 140.20. The down trend may continue towards ~138.48. Now waiting for a pull back to ~140.32 to entry another short position. Comments are welcome. My strategy: multiple time frames , candle analysis and the three listed indicators.