alejotrader92

alejotrader92 Updated 

I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate it Follow me for more ideas 100% Forex Market

alejotrader92

I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate it Follow me for more ideas 100% Forex Market

alejotrader92 Updated 

It's been around 7 months in order to the price to reach 1.87000 First of all, we have to consider that the long term trend (weekly) is strongly going in an upward direction but perhaps this double top may be a perfect situation/opportunity for the price to "take a breathe"/go down a little after this massive rally so we can expect a likely pullback right now. If...

alejotrader92 Updated 

No explanaition needed.

alejotrader92 Updated 

My apologies for such a saturated chart. For me, this bullish trend is ending very soon. We can see that the price is losing strength as it approaches to the weekly resistance. It also got over the 0.76 just for 20 pips and immediately reversed. Zoom in on last pullback and pay attention to the volume traded. You can see the bearish candles have more weight and...

alejotrader92 Updated 

If we zoom in on the top of the trend, we are going to notice that the volume traded decreases as it goes higher (In fact, bearish candles have more volume). We see a bearish engulfing candle right in the top of the trend which is a very strong reversal pattern. Price already reached the weekly trend-line (green) and it couldn't stay longer than 3 hours to...

alejotrader92 Updated 

First of all we see that the price reversed strongly and we also notice that the reaction/drop after it reached the 61.8 was not to big. The price didn't fall too deep down. Conversely it kept pushing upward in short intervals. After it broke the 61.8 the price clearly used it as a support creating a short consolidation zone. So we should wait for the price to...

alejotrader92 Updated 

(0) We should expect for one more test of the 0.236 Fibonacci level at 1.3321 to enter short (1) Our expected bearish trend to break the channel could represent the fifth Elliot wave (2) In the 4th wave, we can see there is a decrement in the volume traded that let us know that the demand is not strong enough. (3) The price might keep going downward looking to hit...

alejotrader92 Updated 

We can see strong bullish candles breaking with no problem the last resistance area around 0.7470. Right now we can expect a likely pullback after hitting the EMA200 as it approaches to the next resistance at 0.7560 (specially considering the upcoming news for the next week). This could result in a new trend line but keeping the upward direction The downward red...

alejotrader92 Updated 

The price is just breaking the trend line (H1) and looking to test the next support level around 1.4970 Hope my analysis is useful for your next trades Thanks for hitting the like button, I appreciate it

alejotrader92 Updated 

In his way down the price just draw a descending wedge. It might be bouncing after it hit the 0.618. In this case, the first target should be the psychological number 1.60 Also check +DI and -DI on their way to cross and RSI heading upward in a channel. I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate...

alejotrader92

If you check the weekly chart, you will notice that the 1.0000 has been a very strong level over the years. If the bullish trend breaks the 1.0000 it will be strongly going towards the weekly resistance trend line extending the fifth wave and confirming the bigger fifth wave (weekly) I hope my analysis is useful for your next trades Don't forget to hit the like...

alejotrader92 Updated 

18/01/19

alejotrader92 Updated 

The price might go test the resistance after a likely pullback

alejotrader92

Just wanted to share with you this possible structure for the most traded pair in Forex. Seems like a good set up for a third wave but the counting could change at anytime. We just might keep an eye on that! I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate it Follow me for more ideas 100% Forex Market

alejotrader92

11/10/2018

alejotrader92

EURAUD

alejotrader92

08/07/2018