AUDUSD has broken recent lows of consolidation box. i am expecting a retest of structure and for the market to rally off in a bearish trend after the retest. whatch this pair closely because the rally has potencial for a lot of pips
analizing my daily charts i noticed how sieways the movement was showing no clear intentions of any trend. so i had a feeling if i took a step bach into my weeklys i would notice something unusual and i did! elliott waves are pointing at a failed trend as well as the big doulbe top. i am expecting this break in daily chart trend to extend all the way down to a...
supply zone, overbought RSI at fib circles, 1.618 fib extensions(not drawn), butterfly pattern and elliott waves all point at a good reversal zone here for audusd-0.06% . taking a sell down to 0.73 zone
we have a libra pattern that forms a nice little demand zone that might end up forming a bearish bat. expecting another elliott correction wave to come up target is 38.2 of the bear move down. might watch for an extension into bat prz or even higher. lets see how it goes down
eurcad is proving to be a weak bull trend. i am expecting this lower tf bear trend to briefly break upwards right before a rollover to the downside. RSI is showing divergence and wave count invalites bulls. good oportunity to look foor shorts before we get a full break
we all know the bear trend on gj has been a super strong bear but recently we had a bullish pullback. it can be possible that the bear trend will finally continue since the market seems to be putting off a nice head and shoulders. and overextended bearish elliott wave correction will be clear signs that the bear trend will continue. sorry for leaving the weekly...
been monitoring aussie for the drop and checked gold. seems at dropping point too for a retouch
5 wave count with a break of trend and retest that is forming a head and shoulders. all this while in a bat? im short
here we have 2 trade setups. i have a long into ab=cd PRZ with stops at a 78.6% since we are at a 61.8 pullback and there is a libra pattern formation on 15 min tf charts in this demand zone which forms for another bigger libra pattern on higher tf. and a short for abcd pattern right at the white suppy zone that has fibonacci confluence with a 38.2.
audusd is just making an extended wave 3 which is typical in elliott wave theory. we got fib circle resistance so i am awaiting this drop
i had made a post for this pair not too long ago about how this bull trend is not proving to be strong, now we have more confirmation with the cross of the 78.6 fib line after my last post on this pair.. RSI shows hidden bear divergence but we do have a temporary bull RSI trend as well as a nice libra pattern setup to long at market open and an obvious demand...
today i have decided to go long on gbpusd for a libra pattern trade. prices on the pound have gotten so low it hasnt beeen here since 2009. market rallied as i was making this publishing but im still going to finish it cause im looking more for a long term trade. possibly a position. i noticed how the pound pairs are all at critical levels where i was looking to...
next week i am looking to buy this pair for a nice libra pattern if market finds support on this demand zone i drew out. i am long the gbp and short aussie so i feel this will be a great setup going into next week
elliott wave theory applied to eur. a short for a correction before another impulse up
today i have decided to go long on gbpusd for a libra pattern trade. prices on the pound have gotten so low it hasnt beeen here since 2009. market rallied as i was making this publishing but im still going to finish it cause im looking more for a long term trade. possibly a position. i noticed how the pound pairs are all at critical levels where i was looking to...
bat coompletion in new demand zone points at a long
after hitting targets of gbpjpy bat if they complete we can look to sell at both a 38.2% and 61.8% of the bat to get entries on the wave correction coming up if wave five doesnt make an extended move up this can be a great risk to reward ratio trade
we have a breakout on eurgbp daily that we can look into selling after a retouch. we have a 5 wave count and breakout to go with it so my views on the long run are bear