may be possibilty of 4th wave completion for a run north
divergence on q stick
bat prz
bullish engulfing
rising trend line support
low risk entry would be entry on wave 2 retracement with stop loss at 20350
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may be possibilty of 4th wave completion for a run north
divergence on q stick
bat prz
bullish engulfing
rising trend line support
low risk entry would be entry on wave 2 retracement with stop loss at 20350
the weekly supports the case of further correction in gbp
evening star print and by a few pips wave 4 has overlapped wave 1
i would still trade from long side but get as close as possible to key support at 20350
and set a stop and reverse.
very interesting to see the outcome
this trade clicking uo 350 pips , looking to close out and short
action has more of a feel of a corrective pattern
c wave of a (b)
gartley prz (2.0950 ISH) would provide a safe entry point for big move of c wave , first target would be
around 2.00
as always confirmation required and it may not make it to prz
Nice trade DB........you are doing extremly well.
Cable - Agree, looks very much like a bearish scenario unfolding.
Getting short is at a low risk point with the potential of a move
into the lower pink box. Good R/R.
Interestingly the big brown box on the chart it the
'old brown moth' target from years ago (shown at
various times/places on this thread).
rgds - arco
looks like south bound move underway
preferred count would be wave c
alternate count would even better iii of a 3
650 pips on c wave so far
pausing at 4th wave consolidation before hitting lower channel around 2.00 - 2.01
would seem a good place to close shorts
would now in my opinion be worth looking at short again
i was fortunate to see a good risk reward trade as the wave 4 retracement came pretty
close to wave 1 on previous chart
short at 2.05 sl 2.0540
aiming for original target around 2.00
One order got triggered overnight @ 2.0440....currently +100
Possible target down towards the 2.000 level (will re-evaluate once I
get Rooters EOD download at 11am)
Heres an updated chart showing a potential green Gartley
in the making, with a target down near the 2.000 area.
That would complete a 5/3/5 ABC pattern.
rgds - arco
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Moving on nicely now after a shaky start.
+284