JPY is quite strong. Actually idea is retest from the bottom SR zone after breakout... SL not so wide, 22% of last biggest correction move. It was already executed, so maybe there won't be retest (of retest) :)
Trade based on S/R zone. Pinkish seems being stronger, however I am not very patient guy, so splitted trade into 2 - one already entered, another is limit order. SL the same for both, TP the same as well. This way I am feeding my unpatient nature :) Hah, Forex is a great lessons of itself understanding... ;)
Exactly as on picture :)
Whatever it is - looks like good place for long position. There is potential up to 1.618% of correction move fibo ext (red ones).
1.272 and 1.618 creates interesting zone for reversal given there is potential butterfly harmonic pattern.
You all probably know BAT harmonic pattern - it is a precise harmonic pattern discovered by Scott Carney in 2001. The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection....
as on picture. have two positions, the same stop, the same TP, different entries.
Risky, but you'll never know. Seems feasible - there was price reaction alike to SHS, so I am assuming bigger correction (bullish move) ot even trade chance (low probable, but - again - you'll never know)
Given grey boxes = correction move Dax is still in uptrend. Breakout of last LL would change it. So I am bullish here. On small TF there is SHS and 121 - so quite possible is enter in trade long, with SL below HL and profit = let us see :)
Exactly as on picture. Just idea to observe - I need more than pattern, e.g. strong S/R and price formation
S/R zone seems being strong. All seems being more bearish - trend on H1/M15, corrections, SHS, etc, but heart is telling bullish move. Doing what heart says is gambling rather and I am trying to avoid, but you'll never know...
I do not like price is testing level to often - more often, more risk. Hope here test is willing test again last top or even other top. Let us see.
Exactly as on picture. Both targets and entries are based on SR plus there would be D point of potential Bat harmonic pattern. Target - based more on SRs than fibo.
D1 stron S/R plus zigzag and local S/R = I am bearish. When loss activated - I'd wait for retests and then go long. Profit target - erm, erm, quite interesting. Far far away as next strong S/R is not so close. Obviously some pullbacks are possible. Anyway - let us see.
Running correction containing smaller ABCD inside. Confluenced 78.6% fibo. And obviously SR zone
Couple of thing are here potential crab (just formality - normally not trading this, but as confirmation - whynot? up move is quite long and I'd expect some rests - maybe at 161.8% to nearest S/R zone and here we are - let us see.
SL quite wide. Entry - ABCD/Bat D point. Target - based on potential SHS formation (right shoulder).