YOu haVe to add a CCI(20) TO YOUR CHART BECAUS E TRADINGVIEW IS NOT ADDING THE INDICATOR AFTER CLICKING THE PLAY BUTTOM:
red price trendline that is aligned carefully fitting the red cci(27) trendline both broke at the same time. a rapid drop. so dont rush into this sell now. wait for a pullback to 50% or 61.8% of that drop and then find good price action to sell that thing! take care, leave a comment or a like.
This may become a buy for me soon IF Price trendline breaks at about the same time as the CCI(27) trendline. Put to breakeven soon at the longerterm trendline of price because one more down is possible. (You are responsible for your tradinga ccount, not me. Risk not more than 1% on that trade)
Thanks to @pablo82 for inspiration!! A well chosen CCI Trendline breaking together with a well chosen Price trendline can be a powerful signal. Good to do such Stretegies on bigger Timeframes like 1W.
CCI Trendline and Pricetrendline broken at the same time. It's worth a try, but I would have liked to see the 1.272extention of first corrective wave taken and then down. Thats why I plotted the second(right side) short-trade into the chart, too. (Thats not a tradecall, becareful.)
Description is on the chart. This is not a trade call. Take care!
EURUSD aiming down to the .618. Look there for buys. My time projection tells me to look at tomorrow / friday's morning. But that is not a must. Stopploss level below the start of impulse. (This is not a trade call blabla you aure responsible blablabla... seriously!)
One Entry is NOW, but risk to reward is only 1:1. It could be accepted because there is bigger upside possible than shown here. Second entry may be missed because it asumes another little move down in the correction we are in on 15M Timeframe. Price did not touch the 0.618 retracement yet but came very close. Anyway there is some smell of "2618 Trade...
Hope you guys are interested in this and like reading that stuff. I d love to see some questions on this and comments. If anyone can tell me what other clues I missed that prove my idea here wrong please help me out with this. so: why cant that be? I know it is good common for wave traders of all kind to asume at first so draw the correction channel like you...
Blue Arrows indicate the path when first move up was an impulse. Not a bad trade still to get on now. Red Arrows indicate the path asuming we are in a correction. Still getting into it now would give you a 1:1 reward to risk ration (or slightly better)
Let s assume a 3 wave corrective structure for more downside. Easiest is to assume that the first high is taken and then downside. I have a time prediction projected in the chart for a big change to come. Let me know what you think.
Just my view. No trade call. Hope that helps. Text is ib the Chart.
Potential Short Opportunities and Long Opportunity are in the Chart. Look at the blueprint for our scenario today from 2002! This are no trade calls, you are responsible for whatever you do in life!
Buy the break of the trendline or use the 2168 method to get into a buy trade that has huge potential to go long long long the next months a final target of 1.58 is possible with these entrys. stop below 1.4720 this is not a trade call you are responsible for whatever you decide to do! rock n roll!!!
i am expecting another move up after that correction down is finished. price level for turning point is likely to be the coincident of the 0.618 retracement of the previous upmove together with the 1.272 extention of the first downmove within the corrective structure we are in right now. so be ready at 0.7577 something level for a turning to the upside there...
after doubletop and breakdown i now placed 2 sell orders at the 0.618 retracement. both have stoploss 10 pips above the doubletop. one has take profit at the "0" (86.70 something) and the other at 86.40. all this is high risk because we are in a correction after an impulse up but with the orders you can have everything automated. after the first target is hit...
i shorted gold at the 0.618 retracement. now priceaction gives more confirmation and the stopploss can be placed above the 0.618 high. open two trades after 1st take profit move stoploss of 2nd trade to breakeven (no loss level / level where you baught) this is not a trade call and you are responsible for all your action. dont risk more than 1% of your...