possible wave count and structure and next direction to tradehttps://www.tradingview.com/x/vRSdA7aO/
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possible wave count and structure and next direction to tradehttps://www.tradingview.com/x/vRSdA7aO/
ahttps://www.tradingview.com/x/UoLAYsn9/ trendline break out wait for consolidation in the lower time and buy
Trend formed:
Current price 1.3341. longstanding trend down, I'm afraid to open the instant position, because any time the price trend may change UP. therefore, I put a sell limit some distance away, make it more secure.
Position For Order:
Position 1 ==> sell limit @1.3487
Position 2 ==> sell limit @1.3575
Position 3 ==> -
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, I like to cut loss and cut profits.
Note:
Always slide the buy / sell limit follow the movement of sma or ema.
that's wonderful
if we looks closely this pair had form a 5 wave swing for the 6 april this year and from my mtp is have reach the min wave 5 level......if the pullback change major trend then we can see this price will reach the opposite projection area at 14000 for the 1st swing up
GbpChf main trade krna asaan nhi hai aap ko pehlay is ko smjhna prta hai aap ko is ki market ko read krna prta hai is kay baad aap is main trade kr sktay ho wrna aap is main thk trhan sai trade nhi kr sktay ho forex trading main hamay is ko smjh kr phr is main trade krna chaahiye
I think that we put the wrong position.
Turning toward the price turns out, whereas in tf d1, green marbles already emerged.
I try to take the risk of installing the OP buy,
because it usually bounces at sma5 low prices.
Well the couple reached the 1.5140 target and it seems that the trend turned around .... on top of the slope of the strong won and is now up against a resistance of 1.5340 .. but most likely against a strong level of traffic will not stand .. so if you expect to see a breakdown of a minimum price of 1.5410. ..
Currently uptrend should end around 1.2785 - 1.2744 area. A correction down to below 1.2656 is expected. A rise above 1.2774 will abort the expected correction.
Key Point 1.2765 Entry Point 1.2722
Trendline1 1.2643 Trendline2 1.2713
Elliott 1.2476 Closing 1.2714
Ex-Low 1.2629 Ex-High 1.2717
Projection 1.2815
Supports and Resistance levels
Support1 1.2656 Support2 1.2599
Resistance1 1.2744 Resistance2 1.2774
Pivot 1.2687
Current upmove should be ended around 1.2815 - 1.2857. Any correction consolidation should find support in 1.2742 - 1.2711 zone.
Key Point 1.2830 Entry Point 1.2785
Trendline1 1.2719 Trendline2 1.2759
Elliott 1.2476 Closing 1.2795
Ex-Low 1.2688 Ex-High 1.2835
Projection 1.2944
Supports and Resistance levels
Support1 1.2711 Support2 1.2626
Resistance1 1.2857 Resistance2 1.2919
Pivot 1.2773
It should try higher up to 1.2855 - 1.2890. Entry point 1.2819 or 1.2800. After this rise, a correction is expected.
Key Point 1.2898 Entry Point 1.2838
Trendline1 1.2789 Trendline2 1.2804
Elliott 1.2476 Closing 1.2851
Ex-Low 1.2749 Ex-High 1.2859
Projection 1.2944
Supports and Resistance levels
Support1 1.2780 Support2 1.2710
Resistance1 1.2890 Resistance2 1.2929
Pivot 1.2819