Financial Markets behave similar to the ocean...it produces waves ...just as much as the ocean doesn't flow smoothly to one direction ...financial markets too have high or low tides...and a high tide in this case a bullish market is a series of lows and highs its not straight highs always :-) this has taken me soo much time hectic days, long nights,,,,,learning...
UJ bearish rising triangle or pennants, we need to see a long rejection candle at that 61.8% on weekly, if that is broken well jus roll over and the next target will be 800EMA 104.100
i like the short side of this as we trade our C-D leg of wave 4 Corrective wave targets and stops are as indicated on the chart #trade at own risk trading is risky # do not ignore fundamentals that can mess up any good setup # manage your risk properly # manage your emotions # stay positive
i see exhausted bears on EU....but i want to see continuation and bulls taking over, ofcoz temporarily but wait for bullish engulfing breaking of your relevant Moving averages or divergences whatever works for on a H@ and H$ time frame to confirm your long but remember this long is short lived our trend is still down from a daily point of view. but ofcoz if we...
only seek at the break and close below that neckline, look for a bearish engulfing H4 candle.
bulls are leading the trend this is just a quick scalp with a about 50 pips target am still long on this pair only sell at the break and close below the highlighted area
am seeing a long on this. wait for rejections on the highlighted zone and strong bullish engulfing before going long thise are targets and a tight Stop loss
I am looking at going long on this pair based on a few reasons end of wave 4 ABC correction market rejected at 61.8 % fibb level impulsive move to the upside and shift in momentum harmonic pattern
I see a turn to the upside on Daily time frame, an engulfing candle to be precise. I am anticipating a turn to the upside on Gold. Here's my reasons why? 1.Weekly candle closed above 1265 level (38.2 Fibb retracement level) with a a long wick 2. Weekly up trend line respected 3. H4 down trend line broken. I'll wait for a retest on the H4 trend line if that is...