Price is being moving sideways testing the sliding parallel of a median line set acting as support. A big spike to the upside took out previous highs indicating that buyers are taking charge at current level. Going long with sl and tp as shown in the chart is our option.
Entry level: 1275.70
Stop-loss: 1269.53
Take profit: 1289.00
Price has broken below a short term uptrend with a sharp impulsive move, and since then it's been in a correction having already form waves XABC of a bearish gartley pattern. In case we see price heading up we should have the completion of the pattern which definately i am going to trade with sl above X point and tp the upper quartile and the median line of the set.
Price has broken below a long term correction and has pulled back to test the broken trendline. It seems we have a rejection meanwhile we see a bearish divergence in RSI. Using a median line setup we may short this pair aiming to the upper quartile of the median line. Stoploss as shown at the chart.
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Idea is based upon Elliott wave theory supported by Median line analysis. Fibonacci extension ratio confluence is used for reversal price projection. RSI and Stochastics are utilized for wave recognition. Chart contains typo: "2 consecutive weeks" should be 4 consecutive weeks!. More info on the chart. Good luck
Idea is based on a combination of Elliot Wave Theory, Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart. If you are about to copy this setup please do so at your own risk. Good luck!
Idea is based on a combination of Elliot Wave theory, Median Line Analysis and the application of Fibonacci Extensions. The rationale behind this technical analysis is shown on the chart along specific targets. If you copy this setup please do so at your own risk. Good luck
The AUDUSD has been in an up trend that had seemed to be over a month ago. And yet it continued higher. The key support level at 0.9208 proved to be very strong and, if tested, is expected to stall any potential decline. There are both bullish and bearish signs here.
What is particularly bullish about this market is its adamant tendency to climb higher, even...
