Korora

Korora Updated 

There is now a significant breakout. Price committing to us. With a proper risk, this is worth taking for a huge R/R bullish move above 1.1. It took more time than expected and waiting could be boring sometimes. Perhaps to be a successful trader, one needs to cope with boredom. More updates will come later.

Korora Updated 

There is already a bullish opportunity to take price toward 0.84 but the entry price could even be better for a huge R/R. There should be a bearish correction starting at or below 0.745 of the sub-impulse wave wave from 0.7365. The second wave is usually around 50-61.8% Fib-retracement. A dip toward 0.74-0.745 could be seen and this is really a good place for a...

Korora Updated 

That’s a zigzag pattern – a 5,3,5 bearish corrective pattern. We expect a 5-wave rally to breakout of the channel as price remains above 141.45. Any break below 141.45 with invalidate the zigzag and send price further downside for a more complex corrective pattern. If all moves as expected, there is a potential for more than 1000 Pips impulse wave upside. The...

Korora

Price has started to bounce up really nicely. We remain bullish above 0.7441 support (Fibonacci retracement, horizontal swing low support, bullish divergence) for a push up to at least 0.7510 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above the 5.1% where stochastic is...

Korora

We look to buy above major support at 1.0491 (ibonacci retracement, Fibonacci extension, long term horizontal support) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting...

Korora

Price bounced perfectly above our stop loss and is forming a strong bullish reversal. We remain bullish above major support at 82.59 (Fibonacci retracement, horizontal support, bullish divergence) and we expect a strong bounce above this level to at least 83.27 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (89,5,3) is seeing...

Korora

Sometimes, the projection of wave 1-3 from 4 completes wave 5 at 38.2% especially if the 1st wave is very small and the 3rd wave is extended. Price completed the 5th sub-wave below 1271 and there was significant breakout. After breakout, price had an intraday bottom at 1258. The break below 1258 will confirm the 1st scenario. If price rallies to break above 1271,...

Korora Updated 

May 30 2017 Good day to everyone, We posted a few updates last week for Bitcoin and highlighted a reversal to lower levels. So far there was a nice deep pullback which we firstly thought it may come to an end soon, but after reviewing daily and intraday structure, we think that there can be more weakness or at least sideways price action within current...

Korora Updated 

We continue to look for a spike lower to 1.1.5537 to complete the expanded flat correction in wave ii/ and turning prices higher in wave iii/ to above 1.6237 for a continuation higher to 1.6655. Only a direct break above minor resistance, seen at 1.6006, will indicate that a running flat has been unfolding and wave ii/ completed early. R3: 1.6080 R2: 1.6006 R1:...

Korora

The pair had a limited trading range during Monday, as we had holidays in the United States. The resistance zone of 1.2845 acted as intraday resistance in the Cable and we can expect a lower consolidation below that scenario in order to reach the support zone of 1.2791. If GBP/USD plunges below that area, then a testing of the 1.2718 level is likely to happen. H1...

Korora Updated 

GBP/USD is finding support around 1.2928 following the FOMC minutes' release, as the US dollar went under selling pressure across the board. A consolidation below the 200 SMA on the H1 chart is happening and we can expect a testing of the resistance level of 1.2992, as the bears are losing steam. MACD indicator remains to favor the downside scenario. H1 chart's...

Korora Updated 

USDX was capped by the resistance level of 97.41, as it remained in a sideways range during Wednesday's session. A pullback happened after the FOMC minutes were released and made the greenback to resume the bearish bias. The critical level is still placed at 96.90, where a breakout should deliver more bears' power toward the 96.25 level. H1 chart's resistance...

Korora Updated 

Bitcoin rallied during the session on Monday, breaking out to a fresh, new high. We managed to break above the $2100 level, and then continues to press higher. It looks as if every time we pull back the buyers are willing to step in and the $2000 level should now be psychologically supported. Even if we fall from there, the $1900 level underneath that should be...

Korora Updated 

USD/CHF is expected to trade with a bullish outlook. The pair broke above the declining trend line since May 19, which confirmed a bullish outlook. The rising 20-period and 50-period moving averages suggest that the prices have potential for a further advance. The relative strength index is above its neutrality level at 50. On the economic data front, Markit...

Korora Updated 

Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1170. Anyway, according to the 15M time frame, I found a fake breakout of yesterday's low at the price of 1.1175. There is also a hidden bullish divergence on the moving average oscillator, which is another sign of potential strength. I have placed Fibonacci...

Korora Updated 

Recently, the gold has been trading downwards. As I expected, the price tested the level of $1,248.00. Anyway, on the 15M time frame, I found a fake breakout of the yesterday's low at the price of $1,249.80. There is also a hidden bullish divergence on the moving average osiclator, which is another sign of potential strength. My advice is to watch for buying...

Korora Updated 

Price has continued its rise and is now testing strong resistance at 83.69 (Fibonacci extension, horizontal overlap resistance) and we expect to see a drop from here towards 82.96 support (Fibonacci retracement, horizontal overlap support). We keep our stop loss tight at 83.95 (Fibonacci retracement). Stochastic (21,5,3) is seeing major resistance below the 93%...

Korora Updated 

Price has finally risen to our selling area. We turn bearish looking to sell below major resistance at 112.08 (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory) for a drop towards 110.50 support (Fibonacci extension, horizontal overlap support). Stochastic (55,5,3) is reversing below our 93% resistance as we expect a strong drop from...