IDEA IS BASED ON A COMBINATION OF ELLIOT WAVE THEORY, MEDIAN LINE ANALYSIS AND THE APPLICATION OF FIBONACCI NUMBERS. THE RATIONALE BEHIND THIS TECHNICAL ANALYSIS IS SHOWN ON THE CHART. IF YOU ARE ABOUT TO COPY THIS SETUP WITH YOUR TRADE, PLEASE DO SO AT YOUR OWN RISK. THIS IDEA IS MERELY A REFLECTION OF MY THOUGHTS REGARDING PRICE ACTION MOVEMENT. GOOD LUCK
In my last idea I seem to have identified the wrong wave 1....That is why price reached my stop loss and started reversing. This time the reversal is clean and evident. This pair is going up big time!!!
BASED ON SOME SIMPLE RESISTANCE AND SUPPORT LINE ANALYSIS IT CAN BEE SEEN THAT EURUSD HAS THE POTENTIAL OF A HUGE DOWNWARDS MOVEMENT!
Idea is based on a combination of Elliot Wave Theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop loss. Unfortunately due to the dynamic nature of my entry point, for the short setup, I can not give you an exact stop loss. Good Luck guys.
Idea is based on a combination of Elliot wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific target and stop loss.
The trend is down. We're approaching the first potential sell entry area. Wait for a test of the upper median line parallel or even I'd allow for a small trend line break. The EUR continues being very weak and the GBP - relatively strong. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability...
The NZD has been very strong of late and the CHF is weak. The trend is clearly up and price has been folowing the slope of the up Andrews pitchfork for the whole of 2014. For the most part the trend has been corrective in nature and yet it managed to retrace 76.4% of the major May-Jun swing down. However, price has never made it to the median line. Every rally,...
Price has stalled shy of the first resistance level (1.4615) and bounced off the median line, continuing corrective sideways price action. The down trend is still firmly in force. The EUR is the weakest of the majors, and the AUD has been quite neutral, so the outlook is bearish. It is quite possible that it's on its way to the level, where the size of the entire...
The cable is approaching the potential buy area: a bounce off the median line at the prior high. 1.733 as a target is still in sight, maybe not in one shot, but the trend seems to be up as long as it hasn't been tested. Stops below 1.7. The GBP is still very strong, whereas the USD is weak. However, both currencies are relatively oversold now, so it is going to be...
The AUDUSD has been in an up trend that had seemed to be over a month ago. And yet it continued higher. The key support level at 0.9208 proved to be very strong and, if tested, is expected to stall any potential decline. There are both bullish and bearish signs here. What is particularly bullish about this market is its adamant tendency to climb higher, even...
Idea is based on a combination of ElliotWave theory and median line analysis. Fibonacci extensions are used for target placement. The rationale behind the technical analysis is shown on the chart along with specific targets and stop loss. Good Luck
Idea is based on a combination of Elliot Wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets. Good luck guys
Idea is based on a combination of Elliot wave theory and median line analysis. In addition the application of Fibonacci extensions and retracements is used. This idea is not meant as a trading advice (none of my idea's is) but rather as a refelection of my thoughts about the progression of future price action. Good luck
Apologies for the mistakes in the title. Please ignore this idea, check out my previous idea about GBPCHF
Idea is based on a combination of elliotwave theory and median line analysis. The reasoning behind this technical analysis is shown on the chart along with specific target and stop loss. Good luck
Please zoom out to see the older downward slope. The technical analysis is based on this slope. Chart contains all info needed. Good luck guys
Median line analysis and Fib ratio's indicate that USDCAD can not close higher than last weeks high. Price is on the verge of breaking an Andrew's (gray) pitchfork that dates back to 09-04 and thus about to resume it's downward slope (blue pitchfork ) that dates back to 31-01. Expect price to form a double bottom with the lows from 08-05 before going up again....