H4 We have no bearish divergence so I'm looking for the Z up. Were in consolidation in the X wave and I expect this to continue for a week or more before I will consider taking a buy signal for the Z up.
Experienced traders can scalp short down to the 38.2fib but by the look of price action were in a correction and it will be choppy, I'm only looking to trade the impulse Z up and won't be wasting my time or risking my account scalping against the H4 trend.
There is a short H1 bear setup now which look's quite good for a scalp down to the 38.2fib if anyone want's it.
I'll update this idea once we get more data with possible buy setups.
Good luck and trade safe!
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Experienced traders can scalp short down to the 38.2fib but by the look of price action were in a correction and it will be choppy, I'm only looking to trade the impulse Z up and won't be wasting my time or risking my account scalping against the H4 trend.
There is a short H1 bear setup now which look's quite good for a scalp down to the 38.2fib if anyone want's it.
I'll update this idea once we get more data with possible buy setups.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation of my free analysis.
Thank's to all the traders in advance that hit the thumbs for your support!
Комментарий:
H4 We havn't got an ideal correction but the time factor is there for a contracting flat. We have BOE out in a couple of hours so trade with care.
H4 Chart.
M30 we have bullish divergence, I'll be looking for TL break and bull flag for the buy.
M30 Chart.
H4 Chart.
M30 we have bullish divergence, I'll be looking for TL break and bull flag for the buy.
M30 Chart.
Комментарий:
So we didn't get TL break and bull flag on M30 and price pushed lower. Now on M15 we have a opportunity for a buy and to get it to BE if it doesn't break the TL this time. Look for your buy setup, but be cautious as it could just be a little C up.
Комментарий:
If your not already in the buy wait for a bull flag.
H1 Chart.
H1 Chart.
Комментарий:
C down then lets see if we get a buy setup.
M15 Chart.
M15 Chart.
Комментарий:
H1 were getting a bull flag, in my opinion best way to trade this is a buy stop just above the high.
ALT we could be getting a structure similar to this chart so keep a tight SL if your triggered.
H1 Chart.
ALT we could be getting a structure similar to this chart so keep a tight SL if your triggered.
H1 Chart.
Комментарий:
So as per last update you should have been triggered into the trade and moved to BE, I'm targeting the 161.8fib.
H4 Chart.