kopparam

kopparam

GOOD TO GO LONG @ 1112 FOR { BASED ON LONG TERM BEARISH SENTIMENT OF PA HOW THE PRICE MIGHT GET TO AB=CD TARGET IN HIGHER TIME FRAME ALSO AS BEEN MENTIONED}

kopparam

This just my long term view based on speculation,harmonics, past structure level with Fibonacci retracement. i am just saving this work for future reference ,so that i can watch out how PA reacts at those important technical levels. alternative scenarios if crashes through major structure level which i posted earlier in the day.

kopparam

GOLD HAS BEEN IN BEARISH TREND SINCE HIGHS OF 1900 ........ IT HAS NOT RETRACED ANY SIGNIFICANT NUMBERS TO ANALYZE BULLISHLY . I AM WATCHING PA FOR SHORTING OPPURTUNITIES

kopparam

I AM JUST PUBLISHING THIS FOR FUTURE REFERENCE DUE TO MARKET IN IMPORTANT STRUCTURE LEVEL THIS ZONE DEFINES THE LONGTERM GBPUSD MOVEMENT .. PRESENTLY MANY HARMONICS PROVIDES US PRZ( POTENTIAL REVERSAL ZONES) AND ALSO PROVIDES US WITH NEW ONES ( THE 5-0 PATTERN). BULLISH BUTTERLFY PRZ 1.4955 EXTENDS TILL 1.4685 THE 5-0 PATTERN VALID ABOVE 1.4850 AB=CD...

kopparam

going long with good structure support to the left .............. i will book my profit in four parts i will keep stops at break even once target 1 achieved ........... and amend further according to PA

kopparam

i prefer trading the breakout to the long side ....................as their is slight resistance to the target ............................compare to strong support of previous structural support to the donwside , less likely to achieve target

kopparam

GOOD TRADING OPPORTUNITY IN GBP/USD FOR LONGS PRICES ARE IN PRZ FOR TAKING LONGS TARGETS 1- 38% OF WAVE CD TARGET 2- 50% OF WAVE CD

kopparam

Simple Rules Find an impulse leg,- X to A. Then for the B point: Minimum retracement is 38.2 of XA. Maximum retracement is 61.8 of XA. C is the extension to a minimum 127.2 of XA but no candle close beyond 141.4. Move the fib at the A point to a completion of C to find the 78.6 retracement of XA. Draw the fib from X to C to find the D at the 78.6 retracement....

kopparam

A Simple Rules Original Time Frame: 1 hour Find an impulse leg, name it X to A. Then for the B point: Minimum retracement is 38.2 of XA. Maximum retracement is 61.8 of XA. C is the extension to a minimum 127.2 of XA but no candle close beyond 141.4. Move the fib at the A point to a completion of C to find the 78.6 retracement of XA. Draw the fib from X to C to...

kopparam

ONE CAN SELL THIS STRENGTH IN GBPUSD AROUND C (1.5455-1.5465 )STOP FIVE PIPS ABOVE A (1.5483) TARGETING D( 1.5260).GOOD RISK REWARD RATIO

kopparam

ONE CAN SELL THIS STRENGTH IN GBPUSD AROUND C (1.5455-1.5465 )STOP FIVE PIPS ABOVE A (1.5483) TARGETING D( 1.5260).GOOD RISK REWARD RATIO

kopparam

according to elliot wave theory ..........wave 5 in progress above 1.5582 invalidates the trade

kopparam

after the price break out of ascending wedge upside AB wave , made a correction till its resistance turned support level now moving higher for price target wave CD

kopparam

looks like formation of descending wedge in 1hr chart.. expecting tomorrow retails sales to be hawkish .likley to break upside .................just said that one has to target 100-120- pips either way it breaks out

kopparam

IN THIS LEG UP THE MARKET HAS THE POTENTIAL TO REACH 1.5620. EITHER YOU CAN ENTER NOW OR BREAK OUT OF B YOU CAN ALSO BUY BACK @ 1.5360( RESISTANCE TURNED SUPPORT LEVEL) +/- 10 PIPS TO TARGET 1.5620

kopparam

i predict a five wave pattern on wave D , which is AB = CD . I will buy @ 1191.50 for 1258 or break out of 1224 for 1258 and above depending on the momentum and PA.

kopparam

BUY BREAK OUT OF 1224 (B) FOR TARGET 1258 (D)

kopparam

gbpusd buying to target 1.5350 ,wave C in play ....once target is hit you can take sell from there for a rally down