Thinking there is a trend reversal after support bounce off 166.366 and continued up. Put a price entry at 171.341 to create a new higher high
Potential PRZ closing in on WTI crude. Price got a harmonic crab pattern setting up with 2 potential D legs. Price also got a AB=CD at 29.50$ Nice confluence area on a oversold chart. Note: This is a potential bottom fishing setup for a long term swingtrade, so i will use very low risk IF i take this trade.
Looking for the opportunity to go long on the pair once it hits the entry zone highlighted.
LONG SCENARIO ON THAT PAIR IF IT CLOSE ABOVE THE LEVEL WE CAN GO LONG , FOR A CONF SIGNAL WE CAN USE BREAK THE NEW LEVEL . conf with the fibo . hmm probabilities . Lets the oods be with us
This count expects that minor wave 2 is unfolding as an expanded flat correction labeled waves a, b and c with waves a and b complete and wave c unfolding to the upside.
I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD is going up. Once the 1.1059 break happens I see an area of resistance at...
The last time MACD crossed the centerline was from the positive side, and the 80+ percent drop played out over the next few months (highlighted in light red). The MACD is about to cross the centerpoint from the negative side indicating the long down trend and negative direction in the chart has ended and we are seeing a start of what could be a lengthy bullish...
Expecting a bounce from here to target 61.8% of the fall from highs of July 2014.
It confirms a Bearish Deep Crab Pattern, and now I expect profit booking at this level and the price should hit the first target of 226 and then T2 213. Stoploss should be placed at 247.50. Duration to achieve target 1 is 3-5 days. Good time to short this one.
This pull back is providing a nice risk reward ration of 1:2 for a long, if the pair pulls back further you can still get a good RR by extending SL to below 1.45118 and targeting 1.5475
It seems from the 4hr chart that GBPNZD hit the floor at 2.2416 circa. The formation of those long spikes tell me that there might be a push on the upper side. I am going long at the close of the next candle with SL below previouls Lower Low around 2.2364 with a TP at around 2.2994
This is a small trade we're recommending because wave C has stopped at the level that wave C= 0.618 of wave A. which is the perfect point for wave D to start. If we are correct then wave D should equal 0.618 wave B (ends around 2098). The risk reward for this one is perfect for giving it a try. Elliott wave analysis always provides great risk/reward...
Following my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be...
Market have completed impulse Elliott wave pattern down at the Fibonacci confluence zone piercing price 1.07 level. This is possible strong support zone and a correction could follow. There is possibly strong resistance zone near price level of 1.09. No trades should be taken if price close daily below 1.07. My trade plan: look for reversal confirmation signals...
We have 2 scenarios to join this pair. Scenario 1 - go with the break of the trend line Target 1: 0.7180 Target 2: 0.7230 Stop Loss: Exit if price closes below 0.7100 Scenario 2 - after the double wave duplication completes look to buy from the 0.7080-70 zone Target 1: 0.7140 Target 2: 0.7180 Stop Loss: Close below 0.7070
Scalp setup in the USD as it approaches a support zone The USD has been range bound, and likely to remain as no major fundamentals in play until closer to the Dec FED meeting. Longer term trend is bearish, in a down channel. Longer term wave count is also bearish, however the short term wave count indicates one more high is required to complete circle B. The...