Good morning traders,
Here on the GBPUSD, looks like we could see one more drop until a reversal. The drop will only be short term, falling to the 12725.0 level. My stop is placed at 12935.0
BTC completed its Elliot wave correction, and its looking for its next move based on the MACD the bullish engulfment and a potential ascending triangle we can be fairly certian that its going to break the short term resistance that the elliot wave correction formed, short term bullish long, term bullish
Clear elliot wave in ether, the initial 5 waves are compleated and the "a" correction has given way to the "b"ascendance, after which, ether will drop again, overall still bullish but bearish in the short term, dont sell yet, wait until we reach the peak of the "B" wave.
The GOLD market has moved north since second half of December last year. These increases are significantly less dynamic than previous falls, initiated by results of last year’s presidential elections in the United States and are moving within a growth channel.
Although, as a result of the last growth impulse, at the beginning of June this year market for the...
From the chart we can notice that after the false breakdown of the downward trendline, there was a sharp fall. Helping us with RSI and CCI, can be seen from the first one that has come to an area from which the price often corrected, while on the second there is a clear divergence with a return above -100. We are also faced with a support area, highlighted by the...
Nice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday.
Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting...
looks like the first correction wave made it to the support zone. Most recent downtrend had increased momentum as indicated by the several downtrend lines.
Looking for a break of such trendiness in order to realize some profit on the B wave
With a "BC" wave closing below the 38% after kissing the 50's, we can expect a strong bearish "CD wave".
My first "landing platform" at next fib retracement level, the 50% retracement (blue fib), confluence zone between 127% first wave (AB) extension (or external extension), and 161% second wave (BC) extension (or alternate extension) - This forges...