This pair has a long-term potential to the upside I will buy after a complete correction at a H1 timeframe (lower low and break of the correction channel) Will update as it goes, there are always alternatives, but this may be a nice entry into a long-term trend. Everything is on the chart, hope no additional comments are required Good luck!
I am waiting for a three wave pullback to complete and will buy. Will update as it goes. So far this is the wave A of the correction. No etnries at this point, the correction will certainly take time
Waiting for a higher high and a reversal into a broad correction to the last uptrend. 0,8 is going to be a tough resistance, there is a massive number of contracts there according to CME This hew high is expected to be a 5/5 wave, therefore I will wait for an impulse down followed by a puulback and will short this pair for a nice move down Good luck!
Unless the low is broken, the target is upside to the inverse Fibo 162 Good luck!
The correction is quite sharp from the time I published a possible option last time for this pair. This time it seems WXYXZ is completed - with the critical level shown on the chart above an impulsive structure Next leg down is tradeable, ot seems to me, with a nice R/R I will wait for a nice 5 wave impulse down and will seek entry points for a nice move down. How...
the pair has already formed an impulse with the extended first wave from 108,8 to 112,9 and now is making another impulse of a smaller degree from 111,7 to the current levels of the bigger first wave. After a pullback, hope they will do it), I will buy with the targets for the third wave 1,62 times the length of the first wave. then will see, probably, this time...
Following an earlier post re EURUSD impulse wave development - this can be an E wave in a following corrective setup. The earlier supposed triangle that a lot of traders were anticipating as a 4th wave in a big downtrend, ended with a rather short diagonal. Let's see. Anyway, there will be a trade to the downside as price breaks out of the current impulse channel...
To my mind now it's one of the best trade opportunities to short. With an extremely small S/L around 1,305 (need to check the exact last high point in May) There are two broad options: 1) Downside (Blue): Diagonal on the screen is a Leading one in this scenario - after a completed C wave in a huge wave 4 in global downtrend - and price CAN NOT break above it's...
Like I was expecting, this pair made a nice jump out of the large two-wave pullback on a daily chart If it is wave 1 (completed) and wave 2 unfolding - the scenarios are on the screen. I closed gradually all the buys, and waiting for a deeper pullback. If not, then will find a place higher on a breakout of wave 1 Seems to be a very modest pullback for wave 2...
It is an impulse on the daily chart - from 0,925 to 0,83, followed by so far 3 waves pullback. One or two subsequent Big moves to come, at least wave C (if it is a big a-b-correction on weekly) Absolutely sure. The only question is when it will fall. Looking at the prior week, both EUR and GBP were too bullish, in order to say who will drive the free fall in this...
That's how it should develop. Believed we or not - it managed to reversed the bear trend, just at the point of the critical mass of bears, that were waiting for the moment to increase their short positions - at the point when a Leading Diagonal was formed to the downside, completing a large triangle on a daily chart.\ Trust you remember those days. Now it seems...
Another pair with a very good example Wave C in a three-wave pullback Wave 5 = exactly 1,618 wave 1 Why? Who knows. Maybe, just because wave 3 failed to reach 2,618 (managed to get only to 2,27 distance travelled by wave 1). Hope this helps you in the future Looking backwards always is simple. Trying to predict is another topic)
Just a small post with respect to wave relationships according to Elliott wave theory If wave 3 is an extended one - then wave 5 tends to respect Fibo relationship with the wave 1 - basic assumption if we try to locate potential end of an impulse And this a helpful analytical trick Just take a look: - wave 3 travels 262% of wave 1 (extended) - wave 5 equals...
I was trying to construct a wave structure for the current downtrend and was so unhappy that I missed the trade from the top - after a year-long+ consolidation!!! It happens so fast that at first you do not believe that IT STARTED. The whole trick was with an extended 5th wave, that has completed that long-lasting consolidation and price started falling down like...
This is a post, supplementing the previous one relating to EURUSD. May be, AUDUSD is also repeating this pattern, be prepared) This is not a forecast, this is how a simple tick volume and basic tech.analysis may help you identify trade opportunities. There a 6 "Notes" on the chart. Note 1: An extremely high tick volume caught my eyes, matching to a Pinbar (the...
This is a very slow and the least liquid pair, as far as I observe Anyway, I believe, it provides a superior risk to return for a long-term buy ! even right now (stop 350 pips tp around 1,25 (although - I will be very old at that time :)) Everything is on the chart, and fans of EWA should have noticed its potential quite long ago )) Looking into smaller...
The pair did not actually indicate where it is heading longer term Unless 1,129XX (shown on the chart) is not broken - the resumption of a large downtrend is probable. I am showing two absolutely alternative paths it may follow. Uptrend - for example, the price will form a triangle and then continue climbing upside (red) If it completes a flat correction - still...
It looks like the pair is completing a second wave in a pullback from a second consecutive impulse down with diagonals. On a lower t/f it is quite possible the reversal has happened. May also complete a zigzag on H1 and reverse (monitor FE 100) in a local correction Whatever happens, it is high time for looking for a sell setups according to your trading...