It's possible that it is making a flag on the 4hr to sell down to correct a leading diagonal... Or it will just keep going up. The real entries were lower down (which I would just let ride), but my point is, it may give another buy entry. Buying right now is kinda dangerous, but it does seem to be in an uptrend in the big picture, so if you are not init, see if it...
I think we have something that will at least extend to the 110.00 level, but possibly a leading diagonal that may do a slight correction, so if you didn't take the other buy setups lower down, please refer to my next UJ post which is coming now. And please keep in mind this is some high time frame stuff.
So, basically, as I stated in my weekly outlook, I am not interested in going crazy trying to trade early in the week. So, considering that weekly NU markup I posted, if NU creates some sort of ending diagonal in this zone I may look for a buy entry, but ultimately I will be looking to trade a larger 3 wave down to break the low, then looking for a buy. But as far...
Considering Ucad's patterns in the past and also its current structure in relation to fibs, if it was gonna break out to upside, I will look for it to do so in this manner, possibly creating a 7 swing or triple combo. As of right now there is no setup in my opinion. Seems to be measuring out for a 7 swing, but depending how it shakes out, that 1.3000 level would...
I will most likely be looking to trade NU this week.... It is at the 200 MA crossing with the mid bollinger band (20 MA) on the weekly, at the 78% retrace and a 50% fib pitchfork line... So strong level. I would have to post some different time frames. I pointed out the bull trap at the top and mentioned the possibility of it breaking the low for the 7 swing. I...
This just seems how all the fibs are measuring out wave wise. Watch that 99000 level.
If Achf corrects up to that level, might get an easy sell setup mid week. Could also be one to consider twin trading and letting some ride.
The 13600 level will be a level for gchf to react to. It may just produce another small sell setup and push to 13500. It will depend how it reacts to this zone. The 135 level was where I was talking about for that zone bounce. But it will not have confirmed downtrend until we get a pullback and continuation. This wave pattern channel and fib wise still has the...
All the pound pairs made flats and tanked. This was the correction entry I caught because I entered the flag last night after I wapped one on Nchf. They all look like they have some more downside but some are approaching trend lines they need to break (GU for example). But Gchf reached and broke my initial target for the scalp twice, so if u entered from the top,...
I posted this earlier. Just letting you know that red line was my entry, london open. Letting run stop in profit...zzzzzzzzzz
Basically, just trade whichever way it goes, but looks like it trapped sells to make one more push
I am just updating you since I remembered I posted my sell setup which got taken back. EJ looks like it made a 4 hr flag. Not the world's greatest setup, but if it breaks upside, u got like 30 pips or so to the 50% fib and you see the.618. I aint giving a signal, just showing you what looks like a bull flag after it made a sell setup, which would indicate sellers...
That was an easy freaking sell entry for me last night from the flag. They wouldn't let me post it because I maxed out my posts yesterday. If it breaks that 38% it may even finish out fork but we also may just have a wave 4 correction to continue up, so watch for if it makes some kind of flat to 23- 38%. The sell entry was in the flag, I would have to advise...
There goes Aud'cad. I would expect a 50-62% retrace for wave 2. Keep in mind that I anticipate this move to be corrective so it may wind up being choppy.... Then I look for another sell whenever it finishes correcting.
UJ broke trend line and looks like it is going down, but when you look at the daily, it broke out and made a flag to go up.... Ending diagonal, we either go up, or it consolidates and makes a flag to continue down.
I got perfect entry on a divergence scalp at turn of the hour. I'm going to sleep, but watch out for GU to possibly break out to downside in London-New York. If it continues down/spikes up and breaks down, it may continue down to test around that high. I'm stop in profit from top of wick...zzzzzzzzzz
....Ok...... So I spent some more time to go over gchf since it has extended. I would like to point out that it did a W-X-Y double combo pattern in the form of 7 swings. For this pattern you would expect equal length to 1.236 extension. Hit 1.236 today, along with the .764, which would also be conducive with a continuing pattern which would need to come down to...