This move up that started in august can play out in two ways: PREFERED COUNT : Price finished wave (i) & (ii) and heading higher for a wave (iii) composed of a sub impulsive wave (orange) where price finished also wave i & ii, meaning we are going higher for wave iii of (iii) and price should not break this channel. *Trade Setup : Entry : TL or MA break Stop...
Wave b retraced 78.6% of a The subwaves of b , wave ((c)) is at the 1.618 Extension. both those levels are at 0.679x, with 8pips difference. So, I'm confident we will see price fall for a last wave c now towards 0.6686. (~100pips) Therefore, you can short this now at current price. Note that even tho a correction can be an expanded flat, wich retraces...
Looks like a Flat but may be a Triangle also. Flat : Target 1.3299 (100% Retracement) Triangle : Target 1.3068 to 1.3170 (61.8% to 78.6% Retracement) STOP : 1.2694 For a more conservative stop, use 1.2662.
Wave ((iii)) ended, price is now going lower, keep an eye on the Fib retracement levels for the end of wave ((iv)). This wave ((iv)) seems to be a zigzag, where wave (a) finished and wave (b) should finish very soon before making a wave C lower, after wich we can go long again. Trade Setup : Entry : Pending @ 0.9418 (0.382 Retracement) Stop : 0.9364 (wave ((i))...
The black triangle count, if correct, indicates us that price will fall one last time before starting to rally ! Therefore, I am maintaining my short trades for a bit longer. And just added a new one @ 7600 with first target 5755. *** You can short it if you like at current price with a Stop at the black trend line for exemple. Ideally, I would like...
Possible counts: * Impulse : Price is making wave 4, wich can not go below 0.6612 and should not go outside the channel Once it's complete, price should go higher for a last wave 5. * Zigzag : Wave C ended, so price will go down below 0.6612 *** Trade Setup * Entry : Pending @ 0.382 Fib Retracement * Stop : 1pip below wave 1 high * Target : 0.683 to...
The possible counts here are : *Expanded flat : We are in wave b *Impulse : We are in wave 3 of 3. --------------------------------------------------------------- In case of a Flat, expect price to turn around at the 1.382 Fib Retracement. If it does not, then the impulsive count might be correct, in that case, expect huge strenght for the dollar in all pairs.
1.13 was finally broken but beware ! As stated in the previous post (**), this does not mean we are full bearish yet as there is a possibility we are in a flat meaning wave B retraces more than 100% of wave A. BUT it usually stops before the 138.2% level. So, keep an eye on those levels for a possible reversal and make your Stop as tight as possible. (** )
FIRST COUNT : (my prefered count, the one I'm trading) suggests price to have formed a low @ 1.13 again and we expect it to go higher to 1.16 - 1.18 zone. Because wave A is a 3waves move, we anticipate the whole move to be a Flat or a Triangle. ** In case of a Flat, expect price to go higher in a 5 waves move (impulse or diagonal) with first target near wave A...
Price going lower in impulsive fashion as long as we trade below 97.2. This view is supported by EURUSD & AUDUSD trading higher. Trade Setup : Entry : market price (or ideally 61.8% Fib level) Stop : 97.2 (invalidates the wave count) Target : 93.7
This count is an alternative to my previous post from 11 octobre 2018 (). This count suggests price might start to go sideways in a Triangle formation as a wave 4 before going up one last time in a wave 5. So, look my previous post for the trade setup update. If price stays range bound between A and B, then this count becomes more and more likely. Therefore,...
Price finished a Triangle for wave 4 meaning there will be only one last push down before seeing any recovery. So, short it, Target : ~35.00 Stop : above wave e @ 62.2
Higher price possible up to 0.58 at first, 0.67 - 0.73 next.
This move down wich started in January is coming to it's end, as price is making the last wave 5 of an Ending Diagonal of a higher degree wave 5. * Therefore I'm closing all Short positions. ** Wave 5 might have ended @ 0.702 therefore I'm opening a small position at current price (0.7052) and setting a Pending Order @0.6994 (Green Zone) *** Stop @ 0.6885...
Wave C finished (?) just now it seems. Divergence confirms this. This aligns with the expected move from the mid-term elections in the US. It's expected the Demacrats win 1 house, wich will have a slight negative impact on the USD butthe underlying trends will remain mostly intact. In case the Dems win both houses, it's going to be VERY bearish for the...
Price is in a triangle for those last 2 years and is now in the last wave E as can be seen in this screenshot. After a nice fall, price now retraced enough so that a short position can be opened with confidence. Entry : 1.132 Stop : wave D high. Target 1 : 110 Target 2 : 108 PS : See my previous post for the higher timeframe view. PPS : Don't hesitate to...
Expect 1.13 to hold, unless the Republicans get a majority in both chambers in the mid-terms this Tuesday, which is the less likely scenario. Trade Setup : Entry 1 : Market price (small lot size) Entry 2 : Pending @ 1.1360 Stop : 1.12999 Target : 1.16 to 1.18 ** Have a look at my other post for better overview () *** Don't hesitate to like and comment ;)
The 7dollar handle hold, price now turning lower in an impulsive fashion. The first wave finished and price is now making wave 2, so, wait for it to end before entering any short positions. Trade Setup : * Entry : Pending order @ 6.931 (0.618 Fib Retracement) * Stop : last high (or 7.000 for a more conservative one) * Target : 6.7 to 6.521