Last post: May 14th. See chart.
Review: Price had approached a resistance area.
Update: Price is currently at another strong resistance area.
Conclusion: We need price to break the first resistance level then the next one before looking at trading opportunities here.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
The analysis predicts a 2% downward spike movement. However, I am already waiting for the exchange rate. The white dashed line is the ATR axis of wave movements. Which have functioned as resistance axes so far. I look forward to this now. Target price increase is 915 usd.
Here is my short trade analysis on EURCAD FX currency
4hr bullish trendline was broken this week with new lower lows made and lower highs on the 4hr timeframe. Price is now retesting the broken TL with multiple 4hr wick rejections of the TL and 0.786 fib retracement level.
I am going to target the fib 27% extension level which coincides with 1.48800 key support zone
The exchange went into a rising channel. It is characterized by the axis connecting the rising peaks and the rising ATR axis. Within this, a second wave of a dual waves system can be deployed. If the analysis is correct, another rising wave may develop. The target price is 15.27 usd.
The exchange rate has reached its correction level. In his current movement, the second wave is building a fractal structure. The fractals consist of a triple wave structure. Therefore, I have reason to believe that a rising wave movement may occur. Target price 236USD.
The exchange rate has reached the bottom of its correction level. He mentioned my previous analysis. I expect a rise from this level. I look forward to the rise by building a double wave structure. The rise target price is 3.22 usd.
Here is a counter trend trade set up on the EURAUD fx pair. Shorting on the 3rd rejection of the 0.27 fib extension from the last 4hr wave. I will be looking to take this trade down to the 4hr bullish trendline and if that TL breaks then I will go for the daily fib 0.618 retracement level at around 1.59
Here is my simple analysis for gold after being long from $1270 and closing them at $1295 for a short position that failed. I was hoping that the daily bearish trendline would continue but instead it was broken to the upside.
I am now looking to go long on the next 4hr higher low to take advantage of the bullish trend. A retest of the $1290 resistance/support...
Daily chart showing a nice resistance and good looking buy zone for future bull runs.
Crypto traffic is increasing again in bitcoin and alts so this could be one of the final positions before another big push up.
This trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is...
USDTRY 2.5% band sideways. The exchange rate may begin to move in a descending speed band. I look forward to building the band within the yellow rectangle. Then I assume a stronger upward movement. The target price can be 6,3300usd. From the bottom of the bar, this is an increase of almost 11.56%. Up to one week short position can be taken from the current level...