Tieusoros

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EU 06/11/2015

6:07 PM |

-CONTEXT:  Yesterday is a small bull bar with long tail below so daily chart may be the end of 3 pushes down. Normally after 3 pushes will lead to a big correction or reversal so today maybe a bull day. Chart 1H is not clear pattern,  many bars with big body and long tail two side may lead to a trading range day so sell high, buy low and scalp.

- Bar 30: two bars reversal after  ABC pattern with 3 pushes in C, nearly test high of OB bar 1H so maybe top of range. Short below bar 30.
- Bar 34: in the midle of range, bear body and big bar so not a good entry, risk is too high vs profit.
- Bar 44: two bars reversal in a small weak bull but near the top of range and maybe push 3rd so if buy also scalp.
- Bar 51: break down bardwide from bar 46, small DT, 3 push wave C, nearly test TOP of range . Many reasons for bear so short . ( This case need wait close bar to confirm break out )
- Bar 55:  small bear bar after big bar break TOP of range and also may be push 3rd so short below bar54 
- Bar 58:  It is break out success and break out test so trade like strong bull . Long above previous high of bar 53 ( this case also maybe push 3rd and it only break slightly, break out only trade after of ABC reversal complete system)
- Bar 68:  after strong big bear bar break down 63-64 so ABC complete at bar 62. Short below bar 64 ( this case some worries that bar 64 is a good signal for long and this is big bar so short at bar 68 is a short of break a range with 80% false)   
- Bar 73:  small bear bar after retest BT and after ABC complete. Short below bar 72

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OUT OF OFFICE TO BAR 110

-Bar 107: Good signal bar at  minnor 1H support OB bar but this is only push 2 from B so wait 
-Bar 109: 2 bars reversal signal  but price break SP OB 1H so bear so strong and push 2 only and OB bar not a good for revesal.
-Bar 116: Good signal bar but trend from 109-115 break MA, trend line,previous low so show strong maybe leg 1. The risk is 6 pips vs  max reward 8 pips so wait the leg 2 is better
-Bar 130: Good signal bar, H2 but ovelaps and risk too wide
-Bar 150: W,BW, abc pattern with 3 pushes, test LOD. Bar 148-149 is BO&FL so buy break out 149.

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