Here the market watch so far for me.Im waiting to execute one or two the scenario below.All this setup is just a "probably", so bear with it.I wont execute all the setup even if all the scenario meet my setup since I dont want to overtrade.I will only execute the first two scenario meet my condition.Ok let see them for more details.
GBP:
Waiting to get lower (if possible to reach 1.9830-40) to enter a buy order, tp left open actually according to the pitchfork should put @2.0150ish
Reason:The price fail to reach the median line in the time of 5 candles on daily basis, then if the price failed to reach the Median Line, it will try to reach the High pivot of the setup.The Picture below for more technical review.
EUR:
The price success to reach the median line on the last candle of the fifth day on daily chart.The stoch already below 20 when the price touch the ML.So according to the book play of pitchfork, the price will bounce.(see picture below for technical review).
US-JY:
Waiting the price to reach the first warning line to enter the sell action @108.00-10, the tp should set first at the trigger line @107.00 (see picture below for technical review).
GBP-JY:
Waiting the price to test the UML @213.60-80 to re enter the sell action. See the previous post for the picture detail.
GBP:
Waiting to get lower (if possible to reach 1.9830-40) to enter a buy order, tp left open actually according to the pitchfork should put @2.0150ish
Reason:The price fail to reach the median line in the time of 5 candles on daily basis, then if the price failed to reach the Median Line, it will try to reach the High pivot of the setup.The Picture below for more technical review.
EUR:
The price success to reach the median line on the last candle of the fifth day on daily chart.The stoch already below 20 when the price touch the ML.So according to the book play of pitchfork, the price will bounce.(see picture below for technical review).
US-JY:
Waiting the price to reach the first warning line to enter the sell action @108.00-10, the tp should set first at the trigger line @107.00 (see picture below for technical review).
GBP-JY:
Waiting the price to test the UML @213.60-80 to re enter the sell action. See the previous post for the picture detail.
Looks good on EU. Price is consolidating between the median. Actually the price did not succeed to close under the median line which is a good news for us to try and aim for a buy. Good luck sniping, Parlenk ;)
ReplyDeleteHi there,
ReplyDelete:) I don't execute the EU.I took the Gbp and the Us-Jy heh..the us-jy is kinda funny since i dont have a chance to see the trade..when i was sleep, the order activated, and now already hit the tp.while the gbp profit for 20 pips so far.good luck to you too mairza, btw no need the price to clse under the median line, a touch already good enough.from there a new analyze will begin again.:)