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We are at the uptrend level from 2016 (40 EMA). If we don't bounce off this with a big wick we are going to give back all the Trump gains.
SFIX reported last week and tanked big league. Now at support we are looking for a bounce.
longs coming soon
Sell stop order to be filled on break of the low
Sell stop order has been placed on break of the low
Sell stop order placed on break of the low
NZDUSD is at daily 50 EMA Lets see if we can get the movement to the downside this time.
I will sell stop on a break of wave 1. If it goes higher I will wait for a new setup on 15m
Now we wait for 5 to break 3 to long
ABC correction almost finished. These usually bounce immediately or lose.
if the low breaks it is a wave 3 and will continue fall.
Here are 2 possible wave counts for btcusd. Both appear to show it is going to give back the whole parabolic move. Anyone buying now is on a suicide mission.
Here is the next high prob chance of a pop. Good luck traders!
I buy at 61.8 retracement in uptrends.
First impulse is complete now we are waiting for C. I use 14 hour ATR for my SL which is now 13 pips
We are currently in wave C. Wait for wave 3 to finish followed by 4 and 5. Long once 5 breaks bottom of 3. My stop loss is 14 hourly AT which is 17 pips.