Hello everyone, we are back with another blog post, this one, being at a completely reasonable time for once. It is a beautiful Saturday and I look forward to charting quite a bit as a way to prepare for this coming week. I have a feeling that these next couple of weeks are going to be quite exciting, but only time will tell!
Elliott wave analysis: It appears to...
A possible repeating pattern can be seen of a descending scallop, this is supported by a rising RSI. Other chart patterns present include a diamond top reversal, an Adam & Adam bottom, and an Eve. The Diamond Top led to the formation of one of the descending scallops.
Hi All ,
This pair has presented itself again , Gave us 70pips last time out with the form of right shoulder and now going back to point of entry .
5.29017 we buy & Sl 5.27005
TP: TS
Many Thanks
Could be a great opportunity to short the AUD against the Honk Kong Dollar
Waiting a signal at the horizontal resistance but if price pushes above then i will be waiting for a signal at the diagonal resistance - incase the big boys are trying to catch people on the wrong side of the market.
Will see how this materialises over the coming days
if you are on the 4hr , then price might just be retracing as it doesm this analysis can be applied to smaller time frame than the daily.
LOOK LEFT SUPPORT HAS BEEN ESTABLISHED !!!
