Just 1 continuing trade thru this weekend, in EUR/USD.
Brief
4 parts
Entry: 1.3438
Stop (initial): 1.3488
Already took 1st TP in 1.3375 ( 63) on Fri.. S/l tightened to 1.3445 (ensured -7).
Printable View
Just 1 continuing trade thru this weekend, in EUR/USD.
Brief
4 parts
Entry: 1.3438
Stop (initial): 1.3488
Already took 1st TP in 1.3375 ( 63) on Fri.. S/l tightened to 1.3445 (ensured -7).
Cable has finished its subwave (orange) 5 upward in 1.9823 this week, signaling the end of wave (red) C upward too. Thus far only 1st impulse wave has been shaped after that, in a 5-wave top angled triangle pattern (currently labeled as subwave 1 or A downward ).
Subwave B or 2 upward will follow next week, retracing back this current fall.
Possible subwave B or 2 upward retracement goals:
- 38.2percent of subwave 1 or 2 A (1.9823 - 1.9635) in 1.9707.
- 50% at 1.9729.
- 61.8percent at 1.9751.
- 78.6percent at 1.9783.
https://www.forexforum.co.za/attachments/1528671614.jpg
EUR/USD might have finished its tide (red) 5 upward, finishing its 5-wave sequence beginning from 1.2876 before this year. But this count needs to be confirmed further first. EUR/USD falling below 1.3180 mark will likewise encourage this particular count. An increase over preceding multi-year high at 1.3442 will invalidate it.
https://www.forexforum.co.za/attachments/1528671614.jpg
No notable gap at this week's receptive so no scalp transactions opened, unfortunately. Gaps are almost always high scalp opportunities on week beginning.
Good luck to everyone this week! https://www.forexforum.co.za/attachments/1528671615.png
Opportunity #G1/ / 07
GBP/USD Long
2 parts
Entry: 1.9638
Cease (First ): 1.9588
Subwave 2 or B up Commerce.
Congrats, u have begun your journal, hope I can start my own journal too, maybe next month
good luck bro https://www.forexforum.co.za/attachments/1528671615.png
Due man. All the best to you too, simply start it if you are ready. Https://www.forexforum.co.za/attachments/1528671615.pngQuote:
Originally Posted by ;
Now's recap:
Europe remains observing Easter. EUR/USD retraced a week's collapse abit, but cable keeps falling. Maybe my long trade will get bombed earlier or later.
GBP/JPY did not grow now as anticipated, so cable lost its power too.
Tomorrow the volume will be back to normal. Time to put some action.
Opportunity #G1/07
GBP/USD Long
2 parts
Entry: 1.9638
Stop (initial): 1.9588
Subwave 2 or B up Commerce.
Update 1: Cable went to 1.9592, 4 pips in the stop (!!) . S/L tightened to 1.9591 (guarantees -47). https://www.forexforum.co.za/attachments/1528671616.jpg
Opportunity #G1/07
GBP/USD Long
2 Components
Entrance: 1.9638
Cease (First ): 1.9588
Subwave B or 2 up Commerce.
Update 1: Cable went to 1.9592, 4 pips from the halt (!!) . S/L tightened to 1.9591 (guarantees -47). Https://www.forexforum.co.za/attachments/1528671616.jpg
Update 2: It struck 23.6% retracement of subwave A or 1 so far. Took 1st profit at 1.9650 ( 12). S/L tightened to 1.9610 (guarantees -28).
Opportunity #G1/ / 07
GBP/USD Long
2 parts
Entrance: 1.9638
Cease (initial): 1.9588
Subwave 2 or B up trade.
Update 1: Cable went to 1.9592, 4 pips from the stop (!!) . S/L tightened to 1.9591 (guarantees -47). Https://www.forexforum.co.za/attachments/1528671616.jpg
Update 2: It struck 23.6% retracement of subwave A or 1 up to now. Took 1st profit at 1.9650 ( 12). S/L tightened to 1.9610 (guarantees -28).
Update 3: Puh, finally can access and post inforexforum.co.zahere (darn lecturer!) . Well, BoJ statement news provided the volume and pushed cable higher. Took last profit at 1.9694 ( 56) and closed the trade.
Total benefit: 68