I am new to trading, any feedback or advice is welcome via the comments or chat.
The analysis has been done on NZD/GBP, I have drawn my trendline from the 4hr chart and plotted my support and resistance zones on the 1hr chart.
I think that the price will make a retrace back to the trendline @ around 0.5230 range at this point then I will be looking for a entry...
This call has been made by looking at past examples of this exact pattern where wave 3 is close to 1.618 the length of wave 1 and wave 5 is also 1.618 times the length of wave 1. What I have found in the past is that the 5th wave ends very close to, if not exactly at the 2.618 extension of wave 1, taken from the end of wave 2 (in this case the 2.618 extension is...
The momentum in this pair has shifted to long term bearish.
Banks have been manipulating price since 08 march and many have suffered heavy losses, our team identified this move and have implemented shorts.
With a risk to reward ratio of above 3x (leverage weighted) this trade sets up for major profits.
Target 1 +180
Target 2 +360
Target 3 +540
Stops at -220
I am new to trading and recently started to publish my analysis. Any advice or feedback is welcome via comments or in the chat. Looking for opportunities to learn new information & techniques.
I have done some analysis on the GBP/CAD . The analysis has been done on the 1 hour candlestick chart with the trendline being drawn on the 4hr and I will be keeping an...
I am using Elliott Wave analysis to make this prediction. Time will tell if this prediction is accurate, but my research and analysis has resulted in this call. (I will be putting real money on this trade). This is not financial advice and if you take this trade, must take responsibility for your own losses if it doesn't work out.
Hi, I’m very new to this and still learning so any feedback is accepted.
Do you think this is a potential bullish or bearish pattern?
I personally think it’s going to come back to the support line, (previously a resistance line) and bounce to the resistance at the top of the channel.
Please please comment let me know your ideas or if I’m doing something...