Elliot waves analystπŸ“ˆπŸ“‰
7.6K subscribers
8.87K photos
30 videos
48 files
48 links
Download Telegram
LETS LOOK AT GOLD .. price is in a correction phase at least from the first glance
At least from the first look the idea is to keep selling. now TRUMP is doing TRUMP things so although this looks clean we have to excises caution
So we trade lower timeframes so scraping
This Is the most likely idea
This is the idea .. note we are trading the lower timeframes so our long term idea although strong we might not pinpoint the exact time price will drop
So what we are going is waiting for price to break this low for depth . Remember we are trading the higher timeframe idea
Similar idea here on EURUSD
So I was late but there IS a buying opportunity for USDJPY 5 MIN CHART
I wanted to show you step by step on determining how to buy lets see if this is a winner
When trading a pair and price is going your side you should alway ask yourself, although price is going this way what is the alternative move and is the alternative count still valid ... NOTE: only ask yourself this if your winning if you have a loosing trade don't do this as it will lead to disaster as you might hold on losses for longer that they are required
Let me share an example
This is my current trade
If price wants to extend the wave 4 we could mostly have an extended correction WXY .. so this could be also another possibility . So 1. I need to know what is my exposure . 2.Where would I remove risk . And where would I add another position
EURUSD .. 1h . Today we should see price move up for the final wave 5 (5) before price drops
GBPUSD 1H .. as price is moving up through the depth of correction but we should see price drop down soon
USDCAD .. perfect impulse move . We should see a correction soon but the trend is bearish
USDCHF ... 1h .another great impulse drop . Since the trend is still bearish we should see a short correction before price continue down
XAGUSD 1H (SILVER)
XAUUSD (GOLD)... price is in a correction that's why am not biased in any direction . For nows cal trades only
Remember your trading day should begin at 00;00 newyork time . This is the best timezone to feel the formation of each wave