158.5 - lets see how the beast reacts at that level, will tell us lots about the future direction
- #16,802
- Apr 28, 2016 9:01am Apr 28, 2016 9:01am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} Now I understand why they said you can make money trading both sides as long as you have a plan ... {image}
Buying GBPJPY @ 157.67 Analysis: {image} H1 TF: Price is <= Average Daily Range Red line Price is <= Average Weekly Range Pink line {image} H1 TF: StepFTVCPRDL orange line is touching the magenta line while Price is touching the red line of Jupiter Saturn Cycle at ~ 157.48 . StepFTVCPRDL: Cyan line > magenta line = up trend This is the dip on the uptrend. {image} Jupiter Saturn Cycle lines on H1 TF {image} H1 TF: Ichimoku cloud is going up The number "3" is displayed for Elliott Wave 3 ZZ Semafor = reversal soon TSCD histo <= 0 Stoch <= 20 RealMACD...
QChartist is a free technical analysis software.
- #16,807
- Apr 28, 2016 9:28am Apr 28, 2016 9:28am
- Joined Nov 2007 | Status: CHART HACKER | 2,454 Posts
- #16,809
- Apr 28, 2016 9:33am Apr 28, 2016 9:33am
- Joined Feb 2015 | Status: doing ninja shit | 2,077 Posts
just some random thoughts trying to look forward on it a bit. criticism is not only welcome its encouraged so please dont hold back
blue lines are symmetrical at a 10% angle. top line obviously has the two points and bottom not at all but if we drop their might be some resistance at it.
Anyways, as of right now its got 2 parts of the consolidation pattern in place with 2 3 wave moves. doesnt mean anything until/if its completed but seeing as though were sitting around the 50 fib of the 2011 low and 2015 high im gonna guess their might be be a little war going on just like when we were sitting around the 50 fib from the 2007 high to the 2011 low.
We know the big drop over the past few months was wave 3 completed. it hit all the marks and the turning point on that was in the 155 area if im not mistaken so technically this could be a wave 4 triangle consolidation as opposed to an abc zig zag if the count is correct. if its not a triangle then 168.2ish is in order if the recent low holds because that would be equal legs from the 151.64 low
thoughts? anyone got a chart?
blue lines are symmetrical at a 10% angle. top line obviously has the two points and bottom not at all but if we drop their might be some resistance at it.
Anyways, as of right now its got 2 parts of the consolidation pattern in place with 2 3 wave moves. doesnt mean anything until/if its completed but seeing as though were sitting around the 50 fib of the 2011 low and 2015 high im gonna guess their might be be a little war going on just like when we were sitting around the 50 fib from the 2007 high to the 2011 low.
We know the big drop over the past few months was wave 3 completed. it hit all the marks and the turning point on that was in the 155 area if im not mistaken so technically this could be a wave 4 triangle consolidation as opposed to an abc zig zag if the count is correct. if its not a triangle then 168.2ish is in order if the recent low holds because that would be equal legs from the 151.64 low
thoughts? anyone got a chart?
- #16,810
- Apr 28, 2016 9:34am Apr 28, 2016 9:34am
- Joined Nov 2007 | Status: CHART HACKER | 2,454 Posts
- #16,814
- Apr 28, 2016 9:49am Apr 28, 2016 9:49am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
just some random thoughts trying to look forward on it a bit. criticism is not only welcome its encouraged so please dont hold back
- #16,816
- Apr 28, 2016 10:26am Apr 28, 2016 10:26am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
{quote} right conclusion
Fix up, trade sharp ...
- #16,819
- Apr 28, 2016 11:43am Apr 28, 2016 11:43am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
I'm waiting ej and uj to drop 40 pips or maybe a bit more and take a buy from there , uj target 109,40 ej target 123,87
- #16,820
- Apr 28, 2016 11:52am Apr 28, 2016 11:52am
- Joined Feb 2015 | Status: doing ninja shit | 2,077 Posts
lol im waiting for asia to see if UJ gives me a nice consolidation to maybe short to 106.7 if we dont make a new low in UJ im gunning for 118