EURUSD, scalping short. I think it's doing an abc. I posted the levels and possible scenarios before.
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Disliked{quote} errrrr... C-12, did you see what i see ?.. a fib expansion !!!Ignored
Disliked{quote} Yes, I am going to start using these as target levels and try and prevent early exit.Ignored
Disliked{quote} What is the excitement about the Fib extensions? I sometimes use them. {quote} If you like to learn more I suggest you ask coreg2004. He is the EW and harmonic pattern expert.Ignored
Disliked{quote} correct me if im wrong sir.. fib expansion is a tool.. we can estimate the target level and maybe can be used as a reference for reversalIgnored
DislikedUSDCAD, possible long setup @ 1.27 (AB=CD), the setup is courtesy of @Vincent1. {image}Ignored
Disliked{quote} Yes, but there is more to it. Have you studied harmonic patterns?Ignored
Disliked{quote} Yes, but there is more to it. Have you studied harmonic patterns?Ignored
Disliked{quote} Yes, the fib expansion tool is used for EW and harmonics using 3 swing points. That one requires a bit more studying. There are also the standard fib extensions (projections) based on the standard fib retracement indicator (chart below) I am not an expert in this area, but it's interesting to see. {image}Ignored
Disliked{quote} Yes, the fib expansion tool is used for EW and harmonics using 3 swing points. That one requires a bit more studying. There are also the standard fib extensions (projections) based on the standard fib retracement indicator (chart below) I am not an expert in this area, but it's interesting to see. {image}Ignored
DislikedC, I was looking at this AUDNZD chart. We should have been more patient with that long trade. {image}Ignored
DislikedC and M, take a look at Coreg2004 charts. You can learn a lot about that subject. https://www.forexfactory.com/thread/...8#post13315958Ignored
Disliked{quote} EU delivered the min expectation of that bullish pattern. I'm thinking this about possible scenarios. The bullish scenario is simple, a retest and continuation. The bearish scenario is the one I like. If it doesn't bounce off on a retest and slices through that TL, it will be a good short trade. The same applies to UCHF. {image}Ignored
Disliked{quote} Yes it was a W1 level so I guess we can't always expect a zero pip reversal. I bailed on that one and got rid of it. Looks good now. {quote} I've followed Coreg for a while, I need to study his charts more closely. I see a lot of quality work there. EURUSD - 1.22 looks a bit better now after the supply retest. {image}Ignored
Disliked{quote} Yes it was a W1 level so I guess we can't always expect a zero pip reversal. I bailed on that one and got rid of it. Looks good now. {quote} I've followed Coreg for a while, I need to study his charts more closely. I see a lot of quality work there. EURUSD - 1.22 looks a bit better now after the supply retest. {image}Ignored
DislikedC, I was looking at this AUDNZD chart. We should have been more patient with that long trade. {image}Ignored