I used HOSADA WAVES and noticed there's a bullish V wave we are currently hitting the first target NT, the other price targets are clearly shown in the charts
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my trade is active cuz i longed earlier at 1.209 (the blue lines were the accumulation levels that trigered the upmove we accumulated for almost 2 days ) I longed in the morning but you can still long anytime you like when we get a pullback . , the stoploss is 1.205 or 1.203 if you have deep pockets, either way you can still re-enter later if it hits the V wave i see here is very strong Here are the price target of the V bullish wave Target NT in Yellow 1.21177 price is testing it right now as a resistance Target N in Orange 1.2247 Target V in Red : 1.23099 and target E in Blue: 1.23763
about the time cycle i'm a bit doubtful we can get this push between 1 or 3 sessions, i'l just hold long until targets are fully met. I'll unload half profits at N price target in Orange and let the rest run.
Good Luck
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Itook profit here at 1.222. looks like price is trying to hit back down around 1.2000 and below ,
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this play is still active, last week bulls were looking to hit the stoploss at 1.205 and price bounced at the daily kijun , to day it's trading above the tenkan , if it confirms a close above the tenkan i add up to the position. 1.21804 is the broder between bulls and bears , yestreday the borderline was 1.21660 , so it's quite bullish , i re-entered long also because price has bounced at the NT price target. Ichimoku kinko hyo has 3 main pillars among them iswave theory, price theory and time cycles theory , using that i think we're still long for at least 5 weeks. (provided today we close above the daily tenkan). It's up to you to know how to ride the market using the wave theory to help you see what's really happening here. but it's no secret even if you don't use the conversion lines you can well see price bounced at NT price target, which was the resistance last time i published. Now it played support on the last 30 min impulse down that happened last week. (yes there was a bearish wave projection from 1.225 last week that one bounced at the overall NT price). so what know? let's what waves forms today from yesterdays price action and assess if overall we're going to hit N price target again and cross straight to V. good luck if you have any question i can respond publicly here i'm a bit tired to repeat over and over the same things inbox. Last week i did send a short signal but it doesn't mean that i am forever bearish. that was for last week. Anyway good luck guys
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read... lats week bears were looking to hit the stoploss at 1.205. then daily kijun played a nice role of support...
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