latest, we can see the failed flat pattern, if we cross the RSI trend downward, selloff will occur.
BTC is entering wave 4 of H4. It can go down to 161.8% of Fibonacci. Wait for our update after wave 4 end. If you find our post useful, please give us a BIG LIKE Your support will be a great motivation for us to update chart every day! If you have any opinion about this chart, don’t hesitate to comment below! The discussion will make us better! Thank you, guys!
Good day to all. General analysis: Since January 2018, we have seen the movement of EURUSD within the price range: 1.21668 - 1.25382. Globally we recommend to refrain from trading the instrument in lateral movement. For day trading Our trading robot went into a long position, the nearest resistance is 1.23574, it is more conservative to wait until EMA 20...
GBPCHF could be forming a flat corrective pattern. It has made the (3-3)-5 structure so far and has made the first wave of the 5 wave structure. If the 5 waves are made it would confirm the flat. The fist wave has been coupled with a correction which I expect to terminate at the 61.8% retracement. Following a break of this short term trendline it would confirm...
In medium-term trading, we do not see a impulse trend, as I said before. The price channel is directed very poorly. Only after 4 waves, we will most likely change the angle of incidence. Consolidation. I still don't like medium-term trading. On the other hand, we have a lot of opportunities for short-term trading in the future. We can both long and short. I do...
USDCAD appears to be in the ABC cycle down. Wave C seems to be the current wave. The fist impulsive sub wave of the 5 (C) wave pattern has completed. Sub wave two has created a running flat (please correct me if I am wrong). From here I expect USDCAD to fall and go on to either create the 3rd sub wave (impulsive), or continue to create a more complex...
Could be a 3-3-5 flat and trade for the rest of wave (c) of flat then sell for a larger degree decline
Either (a)-(b)-(c) for triangle wave {c} or 5 waves decline for flat wave {c}
Traders, Gold’s rally 1046.54 to 1375.12 labelled (i)-(v) confirmed the reversal signature and is indicating the end of the corrective structure from late 2011 with a Double Zig-Zag pattern at 1046.54. This larger pattern is labelled, unfolding as a primary degree impulse, 1(circle), 2(circle) and is getting ready to break to new record highs for gold the next...
euro is in possible expanding flat correction. targets 1.2200-15 where the wave A finished, but could surpass it.
GC is flatting between levels 1324.4 - 1318.9. And this levels are POC of last days. We can sell or buy GC on border of flat: sell1 - 1324.4 stop1 - 1327.2 target1 - 1318.9 buy2 - 1318.9 stop2 - 1316.3 target2 - 1324.4
EURUSD has ended flat wave, at wave C subdivided by diagonal ending 3-3-3-3-3. confirm buy when it has broken through entry level at 1.2294. This analysis is valid as long as the price is not breakout on invalidation or stop level 1.2211. bullish after this flat wave will form the 5th wave of the impulsive wave, this possibility is the last rising swing from EURUSD.
I feel so stupid considering I had perfect buy entry earlier, and also because I fel like I never took the time to properly look at this as a whole. It is possible it produces a nice sell setup, but considering everything I would at least expect it to hit that 618/equal length, possibly much more. EA told us exactly what it was doing, I was just to busy looking at...
If it is indeed a normal flat correction, legs a and b have already been completed and we'll be looking to catch the final leg, leg c of the sequence. Pair is showing signs of weakness at the top as well as bearish divergence on the Daily timeframe. My personal details: Short @ Entry: 1.5340, SL: 1.5440, TP: 1.4820, RR: 5.2 For risk and money management...
Could be pink wave C of (C) of a Triangle or green wave 3-4-5 of (C) of a Flat both cases suggest further downside potential