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...
WE ARE FORMING AN ELLIOT WAVE ON BITCOIN
WE HAVE JUST HIT THE 61.8 MARK ON FIB LEVEL AND A RESISTANCE HAS BEEN SHOWN
WE HAVE BROKE THE BEARISH TRENDLINE THEREFORE I AM ONLY FOR BUY TRADES
I WILL WAIT FOR A PULLBACK AT THE NUMBER (4) LEVEL ON THE ELLIOT WAVE WHICH ACTS AS PREVIOUS RESISTANCE LEVEL, WHICH SHOULD TURN INTO A NEW SUPPORT LEVEL
FROM THE 4145.00...
Three fractal sequences are shown in the analysis (1-2-3). It is characteristic of sequences that their percentage is similar. We measure the percentage because the vertical scale axis is logarithmic. The correction level of the first sequence and the correction level of the triple sequence are also the same. The single and triple sequences are a two-wave fractal...
NZDUSD has finally broken the long bearish 4hr trendline and made higher highs. Price has also clearly broken and closed above the 4hr 50ema which was providing a dynamic resistance to price over the past few weeks.
I am looking to go long on the next pullback to retest the broken TL or 4hr 50ema.
I have the fibonacci retracement tool on the chart to provide a...
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.
NZD CAD we got the bounce we wanted to enter a long on this pair from our area of Interest
Feulled by yesterdays massive decline in oil prices ,Tp1 hit +50 pips we will maintain a long stance on this pair and Update next week
This is a slow a steady moving pair