This Pair has a good possibility to hit the 18,90 area and then break down . I have a EW Count the Should confirm this and a Possible Wolf Wave as well . Trade your own plan and trade what you see . If you like what you see and want to learn the EW New way of finding top , bottoms and when to get into a trade hit @Boon2 he is a Master Teacher .
Even though i anticipated that Price should continue Higher i am focusing on a correction to the downside based on the Weekly Chart . There is a clear Negative (Control Candle ) ''Early Bearish Engulfing Candle "' alerting that we should switch our attention to the down trend . Look left and see every time Price...
Here we have a good possibility to pick a few Pips . As per the Zig Zag Elliott Wave Rules i see a possible a,b,c Wave re testing that low so that will be a perfect Buy with a very good Low Risk Trade and then Targeting that bigger A,B,C Corrective wave .
I will post a few more Charts after this of how Price has behaved on this Wave Analysis as to where we are now. Clearly we can see 2 Waves within one and an Elliott Wave(EW) Count Completion of waves 5-3-5-3-5 . There is also possible Target's marked for future projections . We have also completed an A,B,C (EW) and as for now all signs are Bearish. I...
Here is a possibility for a Correction , it will be very difficult for the Bears to push the price down and create a new trend as there is a lot of interest in Gold as being a safe heaven , i can see that it is possible for price to reach my possible Target and then to bounce back up but time will tell. Please follow your own Rules and trade what you see.
All notes are on the chart , i may be rite or wrong but this is how i see it. Wedge Formation wit intersection points on the dotted red line should be that Target.
Wedge ,and possibility's to be on the look out for in the near future as winter approaches
Descending Wedge with a Possible Rouge Descending Wedge within the Greater on . Notes are on the Chart with Possibility's.
All the possibility's are noted on the Chart . Trade what you see. Trade your own Rules
Good risk reward trade using Fib's as Target's
The chat explains exactly as to what i am looking at,there is so much technical and Elliott Wave information here that creates so many possibility's , good luck.
Bullish wolfe wave and this is only the start
Wolfe Waves defining possible Correction Point , lets wait and see.
Here is a possible Wolfe Wave completing at Point , the Fib Confluence and Trend lines all point to the same point of possible completion . Trade your own Rules and trade what you see.
Here is a possible bearish Wolfe Wave , Price an try and test the 1.3000 but it is worth the Risk with a good reward .