I don't like this move up for a Wave 1 and don't like the recent bottom as a long term one either.
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- #139,502
- Edited 2:53pm Sep 13, 2021 1:56pm | Edited 2:53pm
- Joined Oct 2013 | Status: Trader | 1,079 Posts
- #139,503
- Sep 13, 2021 2:12pm Sep 13, 2021 2:12pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
Risk comes from not knowing what to do
I am studying the SHARK PATTERN and I find different information regarding TPs.
Point B should be an easy TP and in fact we see that at the touch of B a few days ago (8 September) many short orders were closed.
A second TP could be between 0.5 and 0.618 of CD and that too is achieved in white rectangle.
Who is the latest TP? Point C?
Point B should be an easy TP and in fact we see that at the touch of B a few days ago (8 September) many short orders were closed.
A second TP could be between 0.5 and 0.618 of CD and that too is achieved in white rectangle.
Who is the latest TP? Point C?
- #139,505
- Edited 11:08pm Sep 13, 2021 10:07pm | Edited 11:08pm
- Joined Jul 2020 | Status: Trader | 999 Posts
EUR/USD treads water around 1.1800 with eyes on US Inflation.
move back to europa close price 1800 hrs completed:
m5, ichimoku default cloud only with sma50
enter with complete candle above/below cloud and candle complete above/below sma
just testing
waiting for frankfurt open with that ichimoku testing
move back to europa close price 1800 hrs completed:
m5, ichimoku default cloud only with sma50
enter with complete candle above/below cloud and candle complete above/below sma
just testing
waiting for frankfurt open with that ichimoku testing
Trends have a higher probability of continuing than not.
- #139,506
- Sep 13, 2021 10:10pm Sep 13, 2021 10:10pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
Risk comes from not knowing what to do
- #139,508
- Sep 13, 2021 10:54pm Sep 13, 2021 10:54pm
- Joined May 2014 | Status: Full Time Trader | 27,160 Posts | Online Now
Hi Traders...
Thinking of all the bullish patterns we discussed in the past weeks.. Thinking of Lagarde's positive bias.. Thinking of the clear hammer of yesterday's Daily candle.. Thinking of the mofu candle on H4.. It will be better to keep buying dips..
*That said, I still believe there will be a retest towards 1.1777 area in coming days..
Thinking of all the bullish patterns we discussed in the past weeks.. Thinking of Lagarde's positive bias.. Thinking of the clear hammer of yesterday's Daily candle.. Thinking of the mofu candle on H4.. It will be better to keep buying dips..
*That said, I still believe there will be a retest towards 1.1777 area in coming days..
Focus only on what truly matters!
- #139,510
- Sep 13, 2021 11:10pm Sep 13, 2021 11:10pm
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
- #139,511
- Sep 13, 2021 11:20pm Sep 13, 2021 11:20pm
- | Commercial User | Joined Oct 2018 | 1,031 Posts
Its all about Timing!!!
- #139,512
- Sep 13, 2021 11:22pm Sep 13, 2021 11:22pm
- Joined May 2014 | Status: Full Time Trader | 27,160 Posts | Online Now
Quick H4 Outlook
Here are my important H4 levels for the next 12 hours or so:
Here are my important H4 levels for the next 12 hours or so:
- I divided the descending channel into 3 parts.. Currently bulls are trying to survive bear pressure right above 1.1800.. If they succeed their mission will be to break above 1.1825..
- Bears are trying to drop below 1.1800.. If they succeed, I would expect a retest towards 1.1780 at least (my personal prophecy is 1.17777)
I like to keep it simple and I hope it helps
Focus only on what truly matters!
- #139,514
- Sep 13, 2021 11:55pm Sep 13, 2021 11:55pm
- Joined May 2014 | Status: Full Time Trader | 27,160 Posts | Online Now
Closed my long order here at 1.1818 to see how 1.1824 area will react! Waiting on side lines for London opening..
Waiting on side lines for London opening..
Focus only on what truly matters!
- #139,516
- Sep 14, 2021 12:30am Sep 14, 2021 12:30am
- Joined May 2014 | Status: Full Time Trader | 27,160 Posts | Online Now
Focus only on what truly matters!
- #139,518
- Sep 14, 2021 12:49am Sep 14, 2021 12:49am
- | Commercial User | Joined Oct 2018 | 1,031 Posts
Its all about Timing!!!
- #139,520
- Sep 14, 2021 12:51am Sep 14, 2021 12:51am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
Risk comes from not knowing what to do