I've got to run soon so I'm not sure if I'll be able to catch this or not. But for those looking for the next place to short Kiwi this area looks as good as any. Harmonic move, fib extension, multiple fib retracements and of course structure to hide stops above. If it's still a potential trade by the time I return I'll keep you guys updated on what 'd be looking...
I don't typically watch oil too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD trade that I shared with you guys last week caused me to keep one eye open as well. Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy...
Update: Stopped at Entry. See comments ------- Fellow Risk Takers and Speculators, NFP #s came out stronger than expected and cause a downward move in Silver and Gold. Price action caught support at the 61.8% fib retracement level of the previous swing from $15.49 to $18.45. What is key here is that this downward price move was mainly driven through the futures...
This morning I posted a trade idea titled "3rd Times The Charm" In this idea I mentioned that i had previously taken 2 losers on this particular currency pair the day before and was ready to reload once again for another shot at getting short. Well that trade payed off as our double bottom/ Bat pattern (LTF) rolled over without much pain this morning and then even...
Idea is based on a combination of Elliott Wave theory and Fibonacci Ratio's. The rationale behind this set-up is shown on the chart. Good Luck
Well last night U/J broke below a support zone, and is now retracing , looking to go short at 118.85-.90 with a stop at 76.4% Fib. If 76.4% is broken I will be looking for long opportunities but for now U/J is still a sell for me personally. Profit target at the 161.8% extension zone. Market sentiment supports xxx/JPY shorts with US treasuries dipping below the 2%...
USD/CAD had touched the H&S target (1.1639) which he formed between 2010 to 2012. Also in that area we have a channel line and 0.618% fib extension AND we can see very clear 5 waves move. Time for correction or reversal? I dont know. BUT we formed last week a evening star very beatiful but we need that confirmation which is a red candle this week at close. So lets...
Based on the fundamental facts that the RBNZ need a cheaper Kiwi to improve their economy. That and concern over the dairy trade will bring the Kiwi lower. In regards to the technicals, according to the ABCD Fibonacci extension there is further downside to be seen. This geometrical pattern was structured using the weekly pivot high as A (0.8840), weekly pivot low...
NTEK is closing in on 2 key support areas 0.0400 & 0.0360. Both the MACD and RSI (5) is showing low levels. NTEK broke trough the minor support at 0.0500, so on any upwards move, thats the first battleground for the bulls. PT is the 61.8% FIB 0.0900
Hello guys, After the recent break of crude oil out of a really lengthy consolidation phase (Triangle), as anticipated we're seeing lower lows ever since. This trending environment makes every Elliott Wave trader happier than any other time. In the previous 14 days we've been sitting in the retracement of the recent down-move. We're heading towards a sweet...
Idea is based on a combination of Elliott wave theory and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific target and stop loss. Good luck
I have always studied and monitored price action against Fibo levels and providing the markets trend and do not reverse the myth of Fibonacci works for me... Here is a daily chart showing the recently completed ABCD pattern...A - B boundary completed and a C shallow pullback correction formed. This offered an extension target at the 1.618% (1.24978)...notice how...
Bearish BAT pattern is setting up in a well established downtrend. At BAT completion, many fibs levels are lining up defining a nice kill zone.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Waiting for a pullback.Wait for Price to cross through the Red SMA Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to TradingView.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Price did cross Fat Red SMA. Waiting for a retracement. Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to TradingView.
Hello again, Here I'm taking a look at Apple stocks once again. Nothing unpredicted, As you can see from my previous idea I highlighted a zone using fibonacci relations for the price reversal. Now I has bounced off of that area. We're currently sitting in the A leg of an ABC correction move. If you're a short term trader you can look for shorting...
Chart: Blue line is Main Pivot. Update of Templates. Red Lines are NSL = New Structure Lows from the left. Expectation: After Draghi has spoken Euro has broken NSL. I draw more NSL in and we have to wait, if more NSL will be broken. Status: Wait for price to cross through the red fat SMA countertrend to traitset trend. Comment: Normally i trade on Metatrader 4,...
This trade idea is the once in a million years one. I still can't believe my eyes when I see these crazy confluences. First EURJPY started a 5 wave down move which I marked on the Daily timeframe with the green elliott wave lines. Then it completed the whole down move and started to retrace the whole down move as an ABCD move to the upside. For this it formed...