So this currency pair is moving on the downside towards my weekly trend line. Once it moves to this point, there should be a 61.8 retracement as well as the weekly which means big moves to come soon. This is more of a longer trade set up.
So this currency has been repeating the same surge buys for quite a while now, as you can see I measured the buys with the trend tool and I will be expecting g
to climb to either the 61.8 and sell or where I have stated.
So Ripple has reached areas of big resistance. I back tested and saw that during this zone where it is at currently, there was always a massive drop/rise. So I will be expecting it to rise high on this occasion.
Note: THIS IS AN IDEA NOT A SIGNAL FOR YOU TO TRADE
As you can see, the bitcoin has did an Elliot wave pattern on the upside, now it must repeat it on the downside, so far it has created a nice shape perfect for this kind of trading. I will expect it to move towards the 50.0 mark then shoot upwards
So Ripple has a lot of potential at the moment, has created 3 very strong candles and all indicators suggests that it could pull upwards even further. Has created 2 very nice pull backs and will push higher then rally back.
Trade with CAUTION...
So USD/CAD is looking lime a SELL. Currently reached a nice zone where reversals have been happening since June. However, it is now causing a rising wedge which could indicate a nice sell catching between 60-125 pips depending on entry point.
2 of the lines indicates which way the markets could go.
More of longer term trade. I'll expect to exit the trade on Friday night. Created a funnel and will now look to trade this. Could either, reverse at the 61.8 or continue the pattern upwards catching around 90-110 pips.
So looks like US30 will rally up towards the weekly retest region. Should be able to move upwards further due to the face that the 21 SMA has crossed over the 50 SMA suggesting a reversal in the pattern and now will create new HH AND LH.
So Bitcoin as you all know rallies to a much LL. However there is always a retracement after every surge sell or buy. SO, we will be looking to buy bitcoin and allow it to rally up towards the hot reversal zone. If it breaks though then be expected to rally to the trend line.
So this is the current situation for LLOYDS. There is huge downwards momentum at the moment and both SMA's and Elliot wave impulse (1-5) suggest this. However, the stock will look to retest the area then drop. Looking for around 120 pips bullish movement before hitting my TP.
SO EUR/USD has reached a very HH. Has created 3 previous 120 pip buy momentum which is followed by a SELL of around 80-100 pips so look to SELL around the region indicated. Look for confirmation...
Will post an update when the next candles are formed so don't go in for the trade yet.