FX:EURUSD Link to Related Idea Below... Price Low EURUSD: $1.16514 Tested and Held at $1.1652 Locally! As of the moment of publishing EURUSD Price: $1.1673 I break down the target prices for WXY & ABCD Patterns: ABCD(revised) 1.618 Extension Target = $1.16507 (EURUSD Low=1.16514) Fractional miss; Target Considered Hit ! WXY "Y" 100% Extension = $1.16426...
My attempt to use and understand structure analysis and market harmony with simple ABCD pattern worked. Trade closed successfully. During the trade I made entry at 38%, 50% retracement of AB line. However price made a deeper correction to 87%. Initially I drew my CD line from 50% retracement which gave target of 9700. But later adjusted it match the 87%,...
Hello traders, many support lvls in the NASDAQ:AAPL market raises confidence to enter LONG trades. We analyze the graph using very sophisticated tools - Market profile, Volume profile and well-known and typical Price Action. BUT! Even if we analyze everything beautifully, it does not mean that it will work out. Keep in mind that coronavirus causes panic...
I can't find a spot of good news over this weekend - or one that would make a sound difference to economies (on a longer term basis). I'm expecting (not predicting) panic on Monday/Tuesday. The markets are NOT economies. They represent confidence in economies - similar to bond markets. Seriously - it's almost all bad news out there - and the algos will be...
Trading Plan on CHFJPY. Top-down analysis and Entry/Stop/Targets.
Recorded from my laptop in a lunch break - so turn your speakers right up. I'm stalking the DJI carefully for any sign action. This is a market built on hope and false confidence. It can't go on forever. Disclaimer : This is speculative opinion - not advice. If you trade this market and lose your money, kindly sue yourself.
I've spotted late this alternate ABCD pattern. Alternates are any pattern where AB=CD. There are the standard ABCD patterns that are well known. I'm exploring and learning from alternates to see what degree of corrections to expect. This set up is therefore observational only.
This is an update on the biggest bull run in history. Watch out - the DJI could head for the moon, or hesitate (consolidate), or fall grudgingly before charging north or south. Eh? Like some people might have wanted me to make a commitment. I'm not doing it, cuz the whole thing is extremely ridiculous. LOL! Right - so this is only about possibilities and...
MMHVWPI - pullback into support.
MMHVW - see chart. Already posted this before but now recorded the video. The track in the background, HoYeh, by Lorde Skinwah
MMHVW - xlm could break out soon.
--------------------------------------ETHEREUM ANALYSIS-------------------------------------- Megalodon indicator is showing 291 buy signals VS 12 sell signals on Ethereum. We have been loading the bags on ETH for the next rally. It seems like ETH is one of the most underperforming cryptocurrency right now. At the same time, ETH's 61.8% level with the previous...
In the screencast I show the evidence of a setup that is approaching, for a nice controlled loss. Loss? Nobody want's to hear about that - but it is exactly what we do! Key points: 1. Alternate ABCD pattern with a C-point at 50% (Scott Carney criteria). 2. Zone of congestion. 3. Probabilities for the south based on ATR-based indicator and GMMA. 4. Time...
A look at how to trade the market when it's in consolidation, but using multiple trading techniques & putting them together to build a case for entry. Akil
Well Bitcoin has broken a MAJOR Support level... And because of this, I show you where I think Bitcoin will go and how it's likely to get there.
Guys, In this video I have given my full analysis for NZDUSD 4H Doulbe top and 618 pull back the pull back has a pattern fo AB=CD move. both telling us we can short NZDUSD now. Target will be previous low and 1.618 ext (look at the arrow) Very high reward/risk ratio. Happy V-DAY and Happy Chinese New Year Your sincerely: Jack Zhang 2018.2.14 FROM SINGAPORE
Today's FOREX TRADING video takes a look at a trading opportunity on the EURUSD that should look familiar to you. After all, it's almost identical to one of the ideas that we shared with you a few weeks back. Akil