Good day traders
AUDCHF is presently forming the last wave i.e. wave 5 of the present circle, since wave 3 was the extended wave it is right to assume that wave 5 will be the same length as wave 1.
wait for a breakout from the rising channel structure that is after a full wave count of 1 to 5.
buying opportunities are present now and selling will be coming...
A quick update, the smaller degree wave (v) could be in play. Price has bounced of a possible wave (iv) count around 1831-1832 (38.2%).
If the wave (v) is in progress then I expect the price to drop back out of the marked sell zone.
Please refer to my previous ideas which are linked below.
Follow for further updates.
Been holding this chart since 9th July.
Bullish till $44/$45 and then we may see the continuation of the Elliot wave pattern (ABC)
Why $44? Because that’s where the 50MA hangs on the weekly chart.
Or we could just continue to go up, whatever the case I will follow what the chart is telling me.
Only looking for buying opportunities in this market since we are...
Looking to EURNZD, there is a good setup in this pair.
Based on EW, I would like to see the price getting higher to my "Area of Value" and I will go to lower timeframe to get into short opportunity.
We can call this intraday trade, in order to confirm my short bias of course I would love to see if the price makes a Lower Low in Daily TF before doing any pullback....
Holo (HOT) at the moment is in the last downward movement of the 4th wave, the wave we are actually in, so I've put my buy orders between the 61.8 and 66% retracement of the 3rd wave(0.00000023) .This level for me is key because here you have
-Golden pocket retracement
-Top of wave 1
-C wave of 4 we're in will be a 100% extension of A wave of 4
The price of NEOBTC has reached the 65.8% Fibo level of previous third wave, wich can indicate the end of the 4th wave. Taking this into account, we can expect the 5th wave to start. The price close above EMA100 and psycological level of 0.010000 can trigger a bullish impulse. This movement can be described as a sub wave of the global 5th wave, the target for...