jogeek

jogeek

I see we are about to go in to the ABC pattern after wave 5. Expecting a retracement from X-A on 78.6%.

jogeek

I believe we can place a buy limit to project the next impulse from wave 4-5

jogeek

I have marked the 2 options either buy or sell. Must monitor to see how it goes. Make sure to wait for the retest.

jogeek

We just passed some pips the buying zone, on its way to make a higher high. it would possibly want to retest, Im expecting it does a deep retest up to the 88.6% of fibo , to activate the buy limit I just set.

jogeek

`The overall move is a down trend. `From the main downtrend we havem more waves. within those waves we are exactly in a retracement, preparing for the next hopefully impulse . `I work with 20 pips stop loss, this is why my entry is higher at the 88.6% of Fibo, but you could easily enter at this point, as long as it matches with your trading plan.

jogeek

Price is consolidated, need a reaction , more description in the chart

jogeek

possible sell limit. we have a retracement. I have my fibo , and I am looking the price to hopefully go up a little then to continue going down making an impulse. I putted as sell limit, as the price is at a point where could easily just go down from now, I could have enter a sell by market now, but I did not do it, because the SL will be of 75 pips, and I dont...

jogeek

Got 2 possible entries, either buy or sell, monitor the move it does, so you can enter respectively

jogeek

I see the price has reached and institutional price and has slower the speed, I also see that it has reached to a good resistance , I believe the price will drop from this point, There is a big trend line ( in blue) watch out for the break out

jogeek

We currently have a strong down trend, We may expect a Retracement at the 61.8% of Fibonacci

jogeek

There are at least 3 moves we could consider. Those trades depend a lot on the reaction of the market. In order to be sure about this, you need to understand how the candles are formed in order to kind of predict if the candles will respect the trend line for example. this trade is to monitor

jogeek

I see a potential buy on AUDCAD , Trend line has been broken and it is doing a retest, It is aproaching a nice support zone It might go up where it is now or might go down, to secure the bag I am leaving a buy limit at 50% of Fibo Retracement from last impulse.

05:45

jogeek

Here I am explaining why I consider this is a very good opportunity to enter a buy on NZDJPY , hope it helps you to learn and make profits! Regards Jorge Munoz Vargas