US30 and Potential Elliot Waves on Weekly + reversal candlestick on daily.
Morning all traders! My analysis for US30 on Weekly chart is following: 1. US30 had 5 impulse waves on Weekly chart. 2. US30 then had 3 correctional waves (A,B,C) 3. Now we are expecting it to perform 5 impulsewaves again, in the same direction as before the correctional waves. Therefore US30 will probably be BULLISH on weekly and longterm level. But for us traders with smaller accounts, wave 2 might give us a little downside the coming days, and gives a pretty nice entry any moment, and good RRR. Good luck all! I strongly recommend to add to this the following: 1. On daily chart, Dow Jones hasnt touched the 50EMA for a while. 2. Also the US30 seems to have formed an temporary resistance level around 30075.
Propulsion Strategy, trend continuation USD/JPY Long
- Propulsion Strategy, trend continuation - Wait for P/A to show bullish rejection of important historical level on 5M, 15M - Major area of structural support/resistance - on the 15M now making a series of lower lows and higher highs (excluding volatility spike) so nearly there - 50% retracement zone - Good R:R The above is only a series of probabilities lining up for a possible trade. At the end of the day the market will do what it wants to do. Trade Idea to be taken on demo only Don't follow blindly, do your own analysis Good Luck! Entry 108.950 SL 108.200 TP 111.500
USDCHF Naked 4H Engulfer
USDCHF 4H engulfing candle bouncing off the daily support level of 0.9190
trade what you see not what you think .... just risk accordingly!
well well well... 5 min BCR of upper limit as listed 20 minutes ago! (I was sort of hoping this didn't happen) 🤣 however ive got to trade what I see not what I think .. due to the trade idea I have gone down to 5 min 15 min and 1hr triple time frame confirmation sniper system all BCRS completed 0.5% risk allocation GL!
US30 and Potential Elliot Waves on Weekly + reversal candlestick on daily.
Propulsion Strategy, trend continuation USD/JPY Long
USDCHF Naked 4H Engulfer
trade what you see not what you think .... just risk accordingly!
Sign in
Sign in
Sign in
Online
Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur laoreet purus odio, et porta tellus placerat quis.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur laoreet purus odio, et porta tellus placerat quis.
Featured Mentor
Join now for a 7 days free trial. Share your trading idea and get feedback from the mentors.
unlock comments