On Thursday the GBPUSD broke a very important structure level around the 1.58 even handle. Since that moment I had to redo my I.P.D.E. and shift my focus from a potential short at that area, to a potential long to hop on the underlying trend. In yesterday’s update I told you guys that I was looking for a retracement and you know what it looks like we’ve got one,...
Yesterday’s news gave us a lot of continued strength in the GBP blowing right past previous structure without a pause it seems. So the question is what’s next? Well going off of the basic price action principles of higher high, higher close, I’m expecting the bullish move to continue. The next stopping point that I have on my radar is around 1.6200 even handle...
Idea is based on Elliot wave theory. Stochastic indicator is used for wave count confirmation. Fibonacci extensions are used for future price projections. Nothing really tradable for me here risk/reward wise. I will be wanting to trade the latest impulse upwards as soon as I spot it.
Idea is based on Elliott wave theory and the use fibonacci extensions. The stochastics are used for wave count confirmation. The rationale behind this set-up is shown on the chart along with specific target/stop loss. Good luck
Idea is based on Elliot wave theory. Stochastics are used for confirmation. Rationale and targets shown on the chart. Good luck
Idea is based on Elliott wave theory and the use Fibonacci ratio's. The count is shown on the chart along with specific target/stop loss. Good Luck
Idea is based on Elliott wave theory. According to my count, corrective wave nr 4 is on-going. Expect price to retrace into the 0.382 before wave nr 5 can initiate. Ratio confluence of waves nr 1 and 3 is used for the selection of the target. Good luck
Idea is based on Elliott wave theory. Stochastics are used to confirm the wave count. Rationale behind this setup is shown on the chart along with specific target. Good Luck
Idea is based on Elliot wave theory. The rationale behind this setup is shown on the chart. If you would like to know more about the way I am using the stochastics to confirm my wave count, please check my strategy idea. Good Luck
Idea is based on Elliott Wave theory and Fibonacci ratio's. The rationale behind this setup is shown on the chart. Good Luck
DISCLAIMER: This strategy has been developed solely by myself, any resemblance to what ever system out there will be a mere coincidence. Guys I am sharing this strategy with you (developed last night after recognizing the repetitive patterns on the stochs) and don't want any thing in return expect recognition. IF it proves to be useful in the future please do...
Idea is based on median line analysis, fibonacci ratio's and basic support/resistance. The rationale behind this setup is shown on the chart along with specific targets and stop loss. Good Luck
Idea is based on a combination of Elliot Wave Theory, Median Line Analysis and Fibonacci ratio confluence. The Bollinger bands and MACD's are used for confirmation. The rationale behind this set-up is shown on the chart. Good luck.
We placed NZDUSD on our radar during yesterday's Live Room session and have been tracking it ever since. I apologize in advance, but the analysis that I did on this pair is somewhat advanced so I'm not going to attempt to duplicate what I shared with you in last night's Syndicate video. Honestly speaking it's a lot clearer on the 13 period range bar charts (as...
I got asked the other day about Bitcoin and what I thought about recent price action. When looking at the timeframe all that comes to mind is consolidation and bearish. As we've seen on the AUDCAD over the past few weeks (as it's nailed 4 straight cyphers) consolidation breeds patterns. I see 2 potential patterns here on BTCUSD the first being a bearish bat...
Hey traders the NZDUSD has offered us an excellent 2618 opportunity and I wanted to take a minute to show you guys how I use the Fibonacci tools to break down a potential reversal zone and really dial in on where i want to place the trade at. Here's a link to a short video i did this morning on this pair. tradeempowered.com Akil Stokes Chief Currency Analyst...
Hey gang! A we've been waiting for some bigger moves on this pair for a while now but have seen nothing but sideways action. Fortunately for pattern traders sideways action isn't always a bad thing as consolidation breeds pattern opportunities. The pattern we have on this pair is going to be a bullish Gartley pattern completing down at the 1.9328s level. Minimum...
From a Fibbonacci standpoint a target of around 1.03 makes sense as this is the 1.618 retracement of the first wave down, a very common fib number in third waves. This current move down that started back in May has all the signs of a 3rd wave. The move has been strong and impulsive all the way down with little sign of letting up. After completing this 3rd wave...