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Morning
5827 was the high - so Mr Gann repelled the invaders
as only he knows how.
The EOD candle was a Dark Cloud Cover - usually bearish,
so maybe the 5-3-5 is definately in play.
GTA - arco
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Its on the move south, limit short triggered at 5772
while I was out having a beer.
+56
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mmm....nice overnight surprice... now +116
Good Weekend to all
arco
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thats a pretty steep drop...
i cant see your wave formation but in hindsight I can see a bearish gartley X = Apr 4 A =Apr 19 B =Apr 21 and C= Apr 25 D = Apr 27.
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Still moving south and currently +170
But there should be a retrace soon,
so a very tight stop now.
arco
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Sold at 1.6139 after the cross occurred above the cloud , bought back Sat morning 1.6073. The stop was at the recent high of 1.6168
This 1 hr analysis did give me conviction during the trade especially when price crossed through the cloud after the tenkan cross it got support just below the cloud to re-enter,but never managed to go above it again and the fall continued
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Theres an ascending triangle here so have gone a little long with 25 pip target 15 pip stop.
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heading in the right direction, stop moved to just below break even now... will stay conservative with the target tho.
and now closed for sleep at +24
a perfect playout of the plan
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Iwas looking at the useful site arco posted trending123.com.
I have never really been familiar with the cup and handle formation so was reading that when lo and behold I spotted one in Eur/Chf on the 30 minute timeframe.
so last night I took a long at 1.6524 stop tight at 1.6509 , not sure of the target for this formation so went on a r/r ratio of 2:1 aiming for 1.6555
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