On EURUSD, price failed to break the supply zone that we have around 1.19 and is going back up. Thus, we are only looking now for buy setups, and if the price reaches our previous support, which is now a non-horizontal resistance (green), we will look into lower timeframes for sell setups.
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Trade Safe,
MacroForex
Evening Traders,
Today’s analysis – NZDCHF- deviating back to range low where support is probable,
Points to consider,
- Price Action Impulsive
- Range Low Support
(.382 Fibonacci Confluence)
- 21 EMA Resistance
- RSI Bullish Control Zone
- Stochastic Buy Cross
NZDCHF’s immediate price action is trading towards Local S/R that has technical confluence...
HEY EVERYONE
At it once more here's one on the CANADIAN DOLLAR / YEN the pair just spiked with the bulls now showing signs of slowing down in momentum as the pair approaches resistance level 81.554, waiting to watch price on this one as I've set a trigger zone where i'll be watching price before looking for that correction to the down side it possible the pair...
The targets for the break of the previous channel (sent to our students) were hit perfectly, before we saw a retrace back down. The beautiful thing about the retracement is that it appears to have moved directly into a new descending channel.
I think we are likely to see a little more of a dip before this pair moves away, but i for sure will be looking for longs...
Hello traders,
DAX is trading bullish since March of 2020. We see four completed legs within a bigger impulse, with price specifically trading out of a triangle in wave IV. We see a sharp rally from the 12852 level, which is accompanied by a break above the triangle line, which is a strong indication that bulls within a wave V can be on the move. As such, be...
Hello traders,
EURAUD made a firm drop, down from 1.98 high, which was set in March. We can see that price made a five-wave development, which is first evidence for a bearish trend being made. That said, a five-wave movement has also found a low in June, so recent recovery can belong to a correction within a trend (wave B/II).
We are observing an A, B, C move,...
BINANCE:BTCUSDT
Hello, this is Luffy.
Today, I’m going to upload two of the wave perspectives I see.
This is the first point of view I see now. As shown in the picture above, wave 3 is currently in progress, and now it is considered to be in the position of wave 1 of the 3 waves.
First of all, let’s talk about why I did not count from $3000 and counted from $4000...
If the market was to retrace to the the green highlighted area, we would have a high probability opportunity to take a long position. We would, at that level have the confluence of the support structure, the Fibonacci taken on the impulse and if we were to get a confirmation to go long with a bullish candlestick pattern.
seems like the daily upper trend line has been broken and formation of bullish pin bar indicated that the lower price is rejected. so we are expecting that the market will go up.
I noticed an irregular flat of wave 2- orange . As you can see the structure may have completed in (A)-(B)-(C), wave (B)- red warped higher than top of wave 1- orange , wave (C)- red also warped lower than wave (A)- red . If this correct, we might see a higher high as the price continue to complete the wave 3- orange and eventually complete higher degree of...
The pair has been showing a great uptrend for some week now, Retracement followed by impulsive move. The aud usd just got past a reversal zone therw by making it peone to an impulsive bullish move. there fore giving us a great way to BUY,
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#CAD_JPY 1H
it appears that the price forming a triangle as wave four of an impulsive wave , a right signal in the right time after breaking 76.254 level will an opportunity for short position .
Short Term Elliott Wave View suggests rally in Tesla (Ticker: TSLA) from April 3 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 3 low, wave 1 ended at 547.97. Wave 2 pullback ended at 468.39 low. The stock has resumed higher in wave 3 which subdivides into another 5 waves Up from 468.39, wave (i) ended at 513.17 and wave (ii) pullback...
Hello traders,
USDCAD is in a three-wave drop for a wave 4, a temporary pause within the bigger, bullish trend with possible support at the Fib. ratio of 38.2/50.0 (1.322/1.3185 zone). A sharp, and strong recovery towards the 1.332 high would suggest a wave 5 to be underway.
Trade well
Short-term Elliott Wave view in Tesla (TSLA) suggests that pullback to 327.1 on Nov 27 low ended wave (4). From there, the stock is rallying within wave (5) as a 5 waves Elliott wave impulsive structure looking for more highs. Up from 327.1, wave ((i)) ended at 338.62 as a leading diagonal structure. Wave ((ii) pullback ended at 327.31 as a zigzag structure. The...
