Higher timeframe correction needs to be completed for either an expanding or running flat. If you trade it, you anticipate the running flat. We always hope for an expanding, but never try and predict it, always take profits early.
This overall needs more downside to me, but for now I like this look of this harmonic. Let it correct and around London session I will look to do something. Entered the other day and I will hold it, I am looking for another position. Current position should yield 320 pips.
Quiet week for me in the markets, waiting for some set ups and waiting for the corrections to play out. I will post a few of the things I am waiting to play out, and here is the first. I love my pairs that give the most pips (need to be carful as the can also blow your account). This is what I am waiting for XRP to do for a short term sell, lets see what happens
Right now I see an expanding flat or running on H1, and then down we go. I will post the daily, but it has hit a projection box for me so I am in a sell now. If it pops back up to make this correction as prediction, I will sell again.
A lot of JPY pairs need to drop, but many have some bullish pushes before doing so. These pairs could be your good movers for the week, so watch many of them. Here is one example on EJ, To finish the final leg of the expanding or running flat, buy limit has been set and if it missed I can always wait for the correction on wave 2, or just sit on my hands for the...
This correction looks to build out further, but before it can do that this flat correction as I see it needs to complete. High level of interaction at this level, and some lower time frame transition already. R/R is 4:1 so solid opportunity.
This could be your trade of the week. A strong push yesterday and it is retracing deeply, not expecting much from this for the rest of the NY session ideally, and I will check back in on it. Setting a buy limit order near the that grey area to be safe. Had one at market open and was stopped out