4800 (blue line) is a weekly support and 50% retracement from the obvious uptrend. Such confluence is good enough for me to take a position.
Let's see how it works. Theres no guarantee in this business.
Help needed in OANDA + users from Malaysia 105 replies
DislikedGot a long position at 4850 ... a small position just to test the market ...
4800 (blue line) is a weekly support and 50% retracement from the obvious uptrend. Such confluence is good enough for me to take a position.
Let's see how it works. Theres no guarantee in this business.Ignored
DislikedMy long got burned. LOL ... Reversing the position now. 1 short position now..Ignored
Dislikedbro jebat . i need some favor from u.. could you a do counting for EURJPY including trendlines. i quite blur right now ..Ignored
DislikedAt this moment, more likely wave 4 is already completed either refering to the alt counts in yellow or magenta. A breakout towards the pivot critical line would bolster to this scenario. But please be noted also that, we may see another bullish retracement trend scenario to complete the unfinish of wave 4 in white. Also please take note that we may see a truncated of wave 5 scenario refering to the alt counts either in yellow or white. Therefore, a significant movement and breakout is still yet remain to be seen to determine which scenario that...Ignored
DislikedHi bro.. i'm also from Malaysia.. glad to know that you're from Malaysia as well.. I see that you're using Elliot Wave to analyze your chart on GJ, I don't really use Elliot before but I think I want to start learning it by following your post on this thread.. I hope you will keep posting your analysis and I will try to catch up with you.. FYI.. right now i trade GU a lot by using MA, Support Resistance and MACD.. Since GU ans GJ are quite similar in trend line I think I will start looking at GJ after this.
I hope I can learn a lot from you. See...Ignored
DislikedPending Yen strength, GU should scale higher,
although GJ major downtrend is still in force.
Good luck ahead!Ignored