Hi all!
This is the high probability simple logical trade.It combines/cover with Elliott Wave Theory, Statistics Analysis, Channel Trendline, Breakout, Ranging, Trending and volatility trend behaviour......
According to my statistics analysis. Day-to-day price behaviour for trending/breakout is happening so frequently. Therefore, price will form either in rising or dropping channel pattern and maintain in 2 week duration.
Long & Short Setup
1. Connect 2 successive low/high to form trendline
2. Fibonacci Retracement
3. Confluence zone - To depict target and next entry
4. MACD - To depict divergence
5. Zigzag - To depict clearly wave
Product: EURUSD
Time frame: 4H
MACD: 12,30,1 close
Zigzag 0.01 close
Explanation of Statistics Analysis Chart(Case Occupancy %)
Trending = Price will breakout either resistance or support only with holding the other side of support/resistance
Ranging = Price will stay inside support & resistance
Expand = Price breakout/expand support & resistance with upward and downward together
Breakout = Trending + Expand
Sorry for not updating the latest trade here. I will post the trade soon. Meanwhile, i will re-adjust this thread to provide and update more information in details.
>>> Will update this thread with more information soon !!! <<<
This is the high probability simple logical trade.It combines/cover with Elliott Wave Theory, Statistics Analysis, Channel Trendline, Breakout, Ranging, Trending and volatility trend behaviour......
According to my statistics analysis. Day-to-day price behaviour for trending/breakout is happening so frequently. Therefore, price will form either in rising or dropping channel pattern and maintain in 2 week duration.
Long & Short Setup
1. Connect 2 successive low/high to form trendline
2. Fibonacci Retracement
3. Confluence zone - To depict target and next entry
4. MACD - To depict divergence
5. Zigzag - To depict clearly wave
Product: EURUSD
Time frame: 4H
MACD: 12,30,1 close
Zigzag 0.01 close
Explanation of Statistics Analysis Chart(Case Occupancy %)
Trending = Price will breakout either resistance or support only with holding the other side of support/resistance
Ranging = Price will stay inside support & resistance
Expand = Price breakout/expand support & resistance with upward and downward together
Breakout = Trending + Expand
Sorry for not updating the latest trade here. I will post the trade soon. Meanwhile, i will re-adjust this thread to provide and update more information in details.
>>> Will update this thread with more information soon !!! <<<