jogeek

jogeek

I see a potential buying opportunity at the PEP (Potential Entry Point) I marked. However, I will wait and only enter a market buy if the price breaks my trend line and there is a shift in the MACD.

jogeek

Current Market Analysis: The downtrend has lost momentum, leading to a consolidation phase. A new Higher High (HH) has formed. This suggests the possibility of a developing bullish structure. Wave Analysis: The focus is on identifying the end of Wave 2, which is currently in progress. Entry Strategy: Safest Approach: Draw a trendline on Wave 2. Wait for its...

jogeek

I got 2 possible entries here. In overall Im looking going bullish, I believe we are at the start of a new structure where we are in a retracement (wave 2) That wave 2, can be traded carefully in sells (every retracement its risky) . It should make a ABC structure. I will go on Sales, till we get what could be the end of that main wave 2. After that will go...

jogeek

Just completed wave 5, after it ABC retracement comes. ABC *in green *is also made of waves. WHERE 'A', is an impulse, also made of 5 waves *A-B-C-D-E*-black line. I believe, that wave A **green line** is still in progress. More precisely I believe wave A ** IN BLACKLINE** its being built. And this is the one , we will be trading. THAT being said. I will wait...

jogeek

I still believe this needs to complete the whole move. The previous trade touched my SL because of the Spike and my fibo was not exactly well positioned. Trying again , for this one if it goes on profits, keep an eye to move to break even and look and keep protecting it in stop profit

jogeek

More notes in the chart. For me to enter in the trade I need this to match my trading plan, I need this one to make a retracement hopefully to 78% of the Fibo , also because this might be wave 2 (projected in black line) Wave 2 should be normally deep 50% to 88 %, from there its about choosing the best EP (entry point for your trading plan)

jogeek

I believe We are at the end of wave 5. Which should be a ABC retracement (line in green) From retracement , we are at wave A Which should have 5 waves, I am looking to enter on wave 5. My Entry point is at 61.8% from Fibo, which fits well on my trading plan, but the entry zone can be perfectly starting at 38% Att Jorge Munoz Happy pips

jogeek

Just as indicated in the chart, I believe we are at the end of wave 3. got to wait for its retracement (Wave 4). My interest is to go on short in the start of the Wave 5. My SL is at the 127 level of fibo of Wave 3, in case the retracement is deeper I would possible go for the Sell limit If I can't monitor this on at the 78% to fit the best of my trading plan. If...

jogeek

I see we are about to go in to the ABC pattern after wave 5. Expecting a retracement from X-A on 78.6%.

jogeek

I believe we can place a buy limit to project the next impulse from wave 4-5

jogeek

I have marked the 2 options either buy or sell. Must monitor to see how it goes. Make sure to wait for the retest.

jogeek

We just passed some pips the buying zone, on its way to make a higher high. it would possibly want to retest, Im expecting it does a deep retest up to the 88.6% of fibo , to activate the buy limit I just set.

jogeek

`The overall move is a down trend. `From the main downtrend we havem more waves. within those waves we are exactly in a retracement, preparing for the next hopefully impulse . `I work with 20 pips stop loss, this is why my entry is higher at the 88.6% of Fibo, but you could easily enter at this point, as long as it matches with your trading plan.

jogeek

Price is consolidated, need a reaction , more description in the chart

jogeek

possible sell limit. we have a retracement. I have my fibo , and I am looking the price to hopefully go up a little then to continue going down making an impulse. I putted as sell limit, as the price is at a point where could easily just go down from now, I could have enter a sell by market now, but I did not do it, because the SL will be of 75 pips, and I dont...

jogeek

Got 2 possible entries, either buy or sell, monitor the move it does, so you can enter respectively

jogeek

I see the price has reached and institutional price and has slower the speed, I also see that it has reached to a good resistance , I believe the price will drop from this point, There is a big trend line ( in blue) watch out for the break out

jogeek

We currently have a strong down trend, We may expect a Retracement at the 61.8% of Fibonacci