saxy4c:
I'm buying Gold 1635 SL 1633 TP 1645

Benqozenero:


Secondly, this other setup is not valid because;
1)wave-e has to break the a-c TL before giving wave-f
2) after breaking the a-c TL, you have to check that price did not touch the supposed SL line. then you can enter.

Fmusty:
EURxxx looking good for a sell.

Not doing bad. Jpy in more profit.

cashvault:
When price touch the SL line, does it render the set up invalid?

PipMarshall:




So after the storm on Monday, during the early hours of market open.. Things settled a bit.

What happened with AUDUSD...

It started moving towards our area of interest at 0.6670..

And of course... That held. The support became resistance.

And there was a clear cut hint.. Lower timeframe bearish signal at the key 0.6670 level, which we see on the one hour timeframe. A pinbar. A sell there was totally reasonable.. 40 pip stop for that massive downside potential. Above the pinbar.. That was enough to consider a sell. And if you had traded that...
You will be at least hundred pips up by now...
Note that a single candle on lower timeframes is not the best of signals to take.

It's much better if it's a tradeable setup around the key level you are watching .. Like a one-hour head and shoulders or rectangle at a key level

So what's next..
I expect that low (the purple line in the 2nd and 3rd pictures) to be tested. I expect it to take that. Profits can be taken there and re-entries made at the retest of the low.

It's true that support becomes resistance. ABC of trading.

long term target remains 0.6285.

saxy4c:
EURCAD SELL 1.5520 TP 1.5185 SL 1.5610

saxy4c:
Buy GBPJPY 132.40 SL 132.20 TP 135.00
I just bought because this is the lowest it’s ever been since Oct 2019.
GBPJPY is very resilient it will bounce back first even if it want to continue down.

saxy4c:
I got stopped out on this -1R
Entered again with same parameters.
Pipmarshall still not picking your call?

PipMarshall:
I think XXXJPY has one way to go.. And That's down.
I expect USDJPY to trade at 100 at some point.

saxy4c:
Buy GBPJPY 132.40 SL 132.20 TP 135.00
I just bought because this is the lowest it’s ever been since Oct 2019.
GBPJPY is very resilient it will bounce back first even if it want to continue down.

saxy4c:
Closing here at 1544 with 90pips 4.5R
Selling Gold 1644 SL 1647 TP 1590

saxy4c:
Closing here at 1544 with 90pips 4.5R
Selling Gold 1644 SL 1647 TP 1590

PipMarshall:


I am waiting for a break..

It's stubborn.

I am already dialing again....

WildChild00:
Update on todays trading

saxy4c you will see profit you think I am a novice

saxy4c:
Adding another sell 1638 still same targets.

saxy4c:
Gbpusd sell@1.29400
Tp@1.28100
Sl@1.29800

Sell
Gbpaud
Gbpusd
Gbpnzd
Gbpcad
Sl 50 pips Tp 100 pips

PipMarshall:

Gold is stubborn.

It has one way to go.
And that's

DOWN.

PipMarshall:



I think XXXJPY has one way to go.. And That's down.

I expect USDJPY to trade at 100 at some point.

PipMarshall:


The low taken..

I expect support to become resistance.
The best chance to sell has appeared.
Stops at 0.6485

peteregwu:


You are just very correct on this. My mentor told me the same Tuesday that I should not buy any of GBPJPY and usdjpy that they would be heading down.

PipMarshall:


Doesn't mean there can't be upswings here and there.

But they are bear markets.
And predominant movement is DOWN

PipMarshall:

infofirst:


It appears 0.9013 might show face. 0.867** gave way already at my end. Let's see if your expected level can stay too.

That gbpusd level I was concerned about actually came to disturb eurgbp.... Gu still need 1.26**/1.258***. I might be wrong.

infofirst:


I am going to pay more attn to my long term view. Gu did made it to 1.26*** any bull close on daily... My bias longer term for gu will b up. Every dip, I will buy.

1.4***

PIPnator10:
Always painful when you miss this kind of move because you re already in a stupid trade.
Some crazy pairs will be giving you easy entry/confirmation, yet be abusing you emotionally with there 30pips +ve and 25pips -ve.
Meanwhile the trade target is just maybe 100pips while GU just did 500pips in a jiffy. They end up wasting your days.