In the 1H chart we are waiting for Tenkan Sen crossing above the Kijun Sen, it is a bullish signal. As this type of buying signal could occur above the Kumo (cloud) we can be sure that this would be a strong bullish signal. An order should be placed once the cross has been solidified by a close.
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
We can use MACD+DI as an extra confirmation method waiting for a green point.
The RSI is currently above 50. It is an indication of a bullish market.
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Buy: As explained above. ~ 45 - 46 USD
Take-profit: You are free to decide, but avoid greed. See the Elliot Waves and Fibonacci extensions provided.
Stop-loss: ~ 37.9 USD
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
We can use MACD+DI as an extra confirmation method waiting for a green point.
The RSI is currently above 50. It is an indication of a bullish market.
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Buy: As explained above. ~ 45 - 46 USD
Take-profit: You are free to decide, but avoid greed. See the Elliot Waves and Fibonacci extensions provided.
Stop-loss: ~ 37.9 USD
註釋
The buy signal is never activated, so there is no profit but no loss here. Only the possibility of a bullish scenario was invalidated.Obviously, Elliot's wave count wasn't accurate. But when combined with a combined strategy, using Ichimoku, RSI and MACD, we never took a risk.
Now, the price is looking for support at level 0.5 (38.47 USD), which may be a good bouncing point.
註釋
Watch how the volume immediately increased when the level 0.5 was touched (38.47 USD)! Many buyers with buy orders placed just at that level. Now we see a rebound, but we should wait to set up a new entry. I'm working on it.取消訂單
Buy levels do not reached!
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