Looking for a C finished move around 1.1025 - 1.1055 for a Leg back up to 1.1175 or 1.12
If we make it to 1.12 and hold then I see us shooting to 1.1275 - 1.13
4Hr breakout and retest is in progress for the daily frame. This would also lineup with 50 - 61% Fib pullback from A to B.
So overall buyers are eyes 1.0980 to 1.1030 for a buy curve to show in order for trend to continue bullish. Lets see if this 4HR double top gives us an INV head n shoulder upward. A rejection at 1.1115 will give us a deeper pull down and can take us 78-88% close to point A vector price zone where we bounced up to B. Keep an eye on the DXY chart to see how the dollar index is doing to go along with this idea.
As always trade safely everyone. Manage Risk. Much love.
If we make it to 1.12 and hold then I see us shooting to 1.1275 - 1.13
4Hr breakout and retest is in progress for the daily frame. This would also lineup with 50 - 61% Fib pullback from A to B.
So overall buyers are eyes 1.0980 to 1.1030 for a buy curve to show in order for trend to continue bullish. Lets see if this 4HR double top gives us an INV head n shoulder upward. A rejection at 1.1115 will give us a deeper pull down and can take us 78-88% close to point A vector price zone where we bounced up to B. Keep an eye on the DXY chart to see how the dollar index is doing to go along with this idea.
As always trade safely everyone. Manage Risk. Much love.
ความคิดเห็น:
If price breaks BELOW 1.1055 this is where you sit and wait. We wont buy when it HITS this price. We will buy if price breaks below it and shows it wants to come back up to this price. Then you can make your risk reward off that price. Price C can be as low as 1.0998 and we have to see what structure will tell us when price gets to that level in order to view this as a "buy opportunity" Does this make sense everyone??? please let me know. Thanks :)
ความคิดเห็น:
Trading tip: The wider the ABCD move the more accumulation there is. The tighter the ABCD move the faster we can lose momentum and tank or rise quickly.
Momentum and volume play the biggest roles in ABCD moves. They're everywhere on all the charts you check out. Understand this move and how it works with patterns and intra-day continuation patterns or "indecisive symmetrical triangles" where we should stay out of the market when these form until further confirmation signals can be added to our probabilities in our trade idea / direction / bias decisions
Momentum and volume play the biggest roles in ABCD moves. They're everywhere on all the charts you check out. Understand this move and how it works with patterns and intra-day continuation patterns or "indecisive symmetrical triangles" where we should stay out of the market when these form until further confirmation signals can be added to our probabilities in our trade idea / direction / bias decisions
ความคิดเห็น:
Trading tip to remember: Point D has 2 points. A D1 and a D2 these are your fib extension levels 121 and 161 and intraday 50 - 61% pullbacks ABCD moves. It all depends on how you use your fibs and where you prefer to line them up with when it comes to price action.
ความคิดเห็น:
Time to look for the curve
