Hello Traders, Here is my first published idea using a simple 1-2-3-4-5, A-B-C, Elliot Wave Count in confluence with Wolfe Wave. A couple of things to note here. 1. There are 2 potential Wolfe Wave's in this scenario. As a disclaimer, I want to mention that a Wolfe cannot be properly called a Wolfe until point 4 has been created. At this point these Wolfe's...
4h correction has hit its target. The Brexit fiasco has caused the spike down. Now a matter of searching 4h / 1h time frames next week for an opportunity to get long to 1.50x - 1.53x
The main takeaway of this 4 hour chart is that the pattern is corrective. I have it as a WXY pattern, with one more low to come. The most recent low at 1.43x is only 3 waves up, so either it is finished and we head down, or we have one more gyration for another 3 up. That will resemble the last upward gyration (X), heading towards the upper trend line--1.46x--then...
EUR/CAD appears to be correcting for another move higher from it's 1.41x low (which completed a 5 down). It might be making an ending diagonal here.
Looking at a Bearish Gartley pattern on the EURCAD. Right now I'm also counting a completion of 5 levels on the 4H chart and bearish divergence on the RSI. I'm looking to execute a short play on this pair SUN-MON.
possible short opportunity, awaiting MACD and VI confirmation for entry.
IVE PUT A LONG POSTION TARGET AND SL AND SAME FOR A SHORT POSTIOTION GD LUCK TRADERS
Waiting as we do for the right moment
The pair looks to have bottomed and we have now started a wave up, the correction of this wave looks to be over and it's a good idea to long after a confirmed break up. IMPORTANT: The setups posted here are not trade calls and are intended for informative purpose only and you should use your own strategy to determine an entry. I am unable to post everything...
This is the same EURCAD long opportunity but from a 4hr chart. Potential entry zone at 50% retracement of current swing high/low. See daily chart for analysis. --- fxcoach.tv
Potential EURCAD long setup: Opportunity: Price is finding support at the 800EMA, but might dip lower down to retest the previous support. Look for long opportunities on lower timeframes (4hr & 1hr). Entry: Look to enter long at a 50% retrace from most recent swing low to swing high (around 1,4280) OR wait for price to retest swing around 1.4080. This is the...
Weekly chart oversold looking for a bounce on the Daily timeframe. Confirmed divergence on the MACD with a easy to manage stop off the yearly lows.
EURCAD is at a level of Resistance. The pair pull backed and has a few things acting as resistance. 1. We have a Horizontal resistance level. 2. 20 EMA is holding the price down. 3. The Camarilla Pivot R4 is holding price as well. Price below this level is considered range bound unless broken.
The pair has recently been sitting on the bottom trend line of the recent uptrend forming a triangle which is almost ready to explode soon, as you may know a triangle can break either ways but I am for a break down, good luck and don't miss it!
EURCAD is looking very similar to EURUAD in the sense that it had been in a strong downward trend since the spark of 2016 and is now currently in what is potentially a corrective period. As seen here: With the overall trend being to the downside we are only looking to take a short position. while there is still significant downside potential from where current...