shermanchoo

shermanchoo Updated 

- Unless GU H & S pattern is broken (price breaking above 1.28), Sell entries only. - (Included TV's H&S pattern in the chart.)

shermanchoo Updated 

if price could stay above 6650 and count is true, the focus will be on Buy setups back to the previous highs(7318).

shermanchoo Updated 

if price would maintain above 82, then Oil looks like its headed back up to 100, possibly 140... with current world events.

shermanchoo Updated 

be careful not to trade a premature breakout. if price drops below 1.36, it could collaspe.

shermanchoo Updated 

if this is a 3 wave structure, we are heading up agian. check for impulses to confirm the buy.

shermanchoo Updated 

if GU prices would maintain above 1.209, focus will be on Buy setups.

shermanchoo Updated 

We'll be watching the 88.549 level. Price action above this level represents a Bull Bias, hence focus on Buy Entries/Setups.

shermanchoo Updated 

...will be looking out for a WXY wave , waiting for X wave to complete provides suitable r:r.

shermanchoo

Bullish price action at 1.65368 could give 1 motive wave up.. Bullish price action include, fvg, bullish candle stick, bullish flags etc.

shermanchoo

- monitoring for a 4th to 5th wave - a lesser degree correction allows suitable r:r. -price should not go past 1.93 - trade has opportunity to run if previous low breaks...

shermanchoo

... waiting for a correction to fib levels, then bullish candle price action sets up suitable r:r for a move to "c".

shermanchoo

...allowing time for a correction to form provides suitable r:r for the next motive wave down.

shermanchoo Updated 

1 thing to be alert to is the whipsaw, a B wave up then a C wave down.

shermanchoo Updated 

if TradingViews's EW wave count = True then TP = 220pips

shermanchoo

1. BCO could be doing a Whipsaw. 2. Waiting for the correct rank of correction sets up r:r for the motive waves.

shermanchoo Updated 

a break of trend line, and an impulse correction impulse of a lower degree(wxy) would set up 1 motive wave up.

shermanchoo Updated 

1. Will be looking for a break of trend line for a wave up. (with chance to run) 2. key levels are 1.67663 & 1.66516

shermanchoo Updated 

EURAUD. Bullish Bias if price maintains above 1.58682.