Aussie dollar may potentially be in the A leg up, after the completion of an classic Elliot Wave (EW). A good thing to note was the price action (PA) displayed a bullish divergence across the low of 0.67053 to 0.5993. If we note the candle at the end of EW5, you see the nice rejection candle at 0.55976/0.54725 demand level, which also closed with Bullish Engulfing...
Price is clearly showing pattern of channel line rejections, we have had 4 so far. We also have some Bearish Hidden Divergence forming which could lead to a nice bearish leg down to test the bottom of the channel.
It would also be a clear 3 wave correction pattern too! A lot of potential confluence to go long after the move down.
This would also form a bullish...
#Bought #NZDJPY, however my broker didn’t want to fill my order at the price I wanted. #Suckers, entered manually but risk to reward wasn’t worth the trade so I exited.
Could wait for the lower TF pattern to fill out and then look for entries on the higher TFs.
But trade looks good so far. #Watch&Wait
#TA #Trading #BearringtonTrader #Kiwi #Yen
Here we have EW4 forming, i'm looking for a test and rejection of 77.174/76.971 to potentially look for long opportunities and ride up to EW5
A break below EW1 would negate the pattern and cause me to stay flat
Prior we have a trendline breakout which was preceeded by a Class C bearish divergence
also have a missed weekly pivot below, so expecting price to test...
Since January, price has been caught in a range between 2.5383/1.21545, forming a triangle pattern.
Also we can tell this by looking at the shorter term MA as its signally a flattening of direction. However the longer term MAs are still sloping upward
which suggest the trend is still going up.
From an Elliot Wave perspective, we could also be in a subwave 4...
I am potentially look for a BUY/LONG set up on the EURGBP.
My daily analysis is showing me a bullish divergence across the lows to a potential demand zone 0.85794 which will also be a 161.8 fib extension.
My 4hr have has provided me with a potential bull crab pattern in that there a potential bullish Wolfe Wave at works, if i can get move down to 0.85833 then...
Another one of my trades set ups..
Multiple reasons to enter the trade.. We have a daily bullisi divergence followed by a bull divergence on the 4hrs.. I beleive a harmonic pattern couldn't set up on the 1HR - crab. so i'm long till then.. extended target set at 161.8 fib extensions
Are we having some weakness in JPY... Who knows. I don't!!!
DAILY Bullish Divergence coming down to support zone at 110.248
4HR Bull divergence which also displayed at bull WW confluence with a bullish ABD pattern
Ok ok, here on the 4HR time frame we have a bullish pattern in which i opened my trade at 108.975. This was promoted by a retest of my price zone reversal on the daily time frame pattern, guessing which?? a good guess would be a harmonic if you see it.
Lets see what happens dudes?
#BearringtonTrader #Long #USDJPY
Dollar weakness has caused for the euro to surge. My initial analysis was the daily wave formation. Currently in W5. I drilled down to the 4hr and 1hr to identify a pennant, which is idle for trend continuation. Fast forward an imperfect head and shoulders pattern. Entry around the 1.22 zone target set a 1.24. 2nd position opened, i'm going to trail and squeeze as...
What we have here is a SHORT position on NZDJPY (1HR Timeframe)
My Bias :
1HR Setup was preceded with a Reg Bear Divergence
PA showed a rejection of the 88.6 level, confluenced with a supply zone at 75.975
Missed WEEKLY and MONTHLY pivots at 75.03 and 74.0897
In the context of the Higher Timeframe:
WEEKLY PA had been making new lows, however we...
Soooo, we have a DAILY setup (Bull 123, with a hidden divergence) with also a daily rejection at 200MA, with a 3bar rejection/morning star. the 4HR TF also formed a bullish setup - 123.
I took the lower TF entry - reg bull div, stops at 1.11203. Let see what happens
What we see here is a Bull 123, Hidden Divergence
PA potentially may find support at the 200MA, i can expect a few pin bars down to a previous demand zone at 1.10702/1.10518 and the ascending TL. We look for an entry on the lower TFs to get into this move.
Look like i'm The Bullington Today. Lol