Looks like we're stuck in wave B of correction (of wave 4). This is an irregular (triangle) wave B - there are 5 waves in it (a-b-c-d-e). I've added two arrows to point out how such a wave B looks like, because it's rather rare. The end of wave 4 seems nowhere near, it can take whole April until it finishes.
Here we have it: a perfect Elliott Wave in all it's glory. This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price. We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.
short the dollar, broke 200MA and now retesting it, probably going to fall once more, will be long EU & NU
On a daily chart: It is above 5 MA and 20 MA, it is above the William´s % R, above the CCI , the daily candlestick is positive, it has an increasing volume , it is a growth industry (semiconductors), it is above the cloud, above the 50 and 20 MA, it is above the 8 EMA , the RSI that I set to 2 is above the 80 level, the MACD crossed and the PVT is positive....
Eurusd has big probability to break the channel downstream I believe that this will be a short-term good opportunity
EURGBP SELL THE BREAKOUT
Trading plan on a current mid term situation. Instructions on how to read labels on a graph: The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period. To get a deeper understanding of the approach, that can open a new doors for your trading, please contact. Impulse move (impulse wave), or the...
USD / JPY Buy SetUp - WAITING FOR THE FOMC iT SEEMS LIKE WE HAVE A GREAT OPORTUNITY HERE, WILL GIVE THE INDX AN IMPULSE AS WELL, LETS SEE WHEN THE MARKET START TO MOVE - IT CAN BE AFTER OR BEFORE THE NEWS. YOU CAN ALSO FOLLOW ME ON YOUTUBE: www.youtube.com SKYPE: infoparasuram IG: www.instagram.com FB: www.facebook.com TWTR: twitter.com WEB : ...
This is my first ever post on GBPUSD. I am very new to trading and THIS IS NOT A LIVE TRADE I am just checking my trading plan to see if I can go live very soon but with lots of confidence. So please go easy on me. I welcome any feedback good or bad. Thanks Rick
USDCAD Continuation of the Impulse
BTCEUR Seems like we are in the mittel of the Range
AUDJPY Waiting for the Market to continue Sell
in the same way EuroUsd USDCHF stands to BUY - USDCHF is being tentatively appetizing for sellers
EURUSD a continuation of the MM Buy Zone FX:EURUSD