venckusarunas

venckusarunas

It is NOT a setup there yet! But fundamentals support this idea as GBP have potential to strengthen and EUR to weaken during few month in future. As well as the Elliott wave count is in place too. At the moment I am just waiting for the good entry setup with best risk reward ratio. I'm not taking the trade yet.

venckusarunas

GBPJPY have strong fundamental background to go long this pair. And Elliott Wave analysis support this idea: there is ABC correction possibly ended and reversal signs appeared. This trade is valid until UK election next week and invalid if previous lows are exceeded.

venckusarunas

The market have got into the possible reversal zone projected by Fibonacci external retracement levels. This zone also contains major and minor trend line cross. Fibonacci time extensions from last medium degree highs pivots as the wave B and wave 1 appear to match possible reversal day with in the wave (iii), and previous highs of wave (3) and wave 1 Fibonacci...

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Oil is in the middle of medium term Elliott wave 4 corrective range (flat) pattern. As the wave (a) unfolded in to 3 (abc) pattern it have high probability to be the ranged 3-3-5 pattern with a possible break out up side in the last wave (c) to reach at least Fibonacci retracement level 38.2%. As the previous time periods and Fibonacci time extensions match in...

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Gold was in rally almost all the month, but according to Elliott wave count it is in the corrective wave of 2. It can be deep correction and even the double top could be done here. Now it is at the last minor Fibonacci retracement level of 88%. Trade idea: 1. First position will be taken as the reversal confirmation from price action, reversal bars or reversal...

venckusarunas

Gold was in rally almost all the month, but according to Elliott wave count it is in the corrective wave of 2. It can be deep correction and even the double top could be done here. Now it is at the last minor Fibonacci retracement level of 88%. Trade idea: 1. First position will be taken as the reversal confirmation from price action, reversal bars or reversal...

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We can talk about all fundamental factors and how they can effect the bond prices and so on... But this monthly chart look like traditional Elliott wave pattern from the book. Now we see major impulse pattern have finished the 3 (blue) wave and shown first corrective wave. If the ECB will make unexpected moves it could force the last corrective wave down. There is...

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In case of China stock market sell offs, world economy growth slow down (except US) and unstable geopolitical situation in North Korea, Syria, Ukraine, Turkey and others are filled with fear and insecurity. This cause the money flow into more secure assets. And it is hard to say when those unstable factors will fade away. SP US stock index reached end of the...

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As the worlds eyes of fear still focused on China slow down - Gold could have lots of volatile and sharp spikes as it suppose to be safe place for the money as stock markets experience sharp sell offs. But slowing production growth mainly in China reduces demand what can influence further Gold price dip. The market reached price level of 1921.24 in 2011-09-01 and...

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WTI oil is in strong strong down trend as fundamental from OPEC and others pump oil into over supply. Companies fight for the market share and survive and battle conditions seems to be the same for a while. This fundamental view is supported by Elliott wave impulse pattern unfolding down into the last wave 5 (brown). This impulse pattern is the last wave C (blue)...

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We can see possible pivot zone at price 111.5 almost matched with all time high and low Fibonacci 50%. It is like the magnet and support / resistance for the price. If we take the distance between previous major highs the ongoing time period of same 106 month going to an end in 2016-04-01. Market is not always unfold into same length periods, but we can see some...

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Market have found strong lowest point at near 0.7 prize zone and reversed. We can see how many times since 2008 price level of 1.0 shown strength as support and resistance as well acting like the magnet. Since 2011 market unfolded into slightly rising wedge with 2015-01 higher highs and higher lows. In 2015-11 market have closed monthly candle above 1.0 and next...

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Last big swing since 2009 look like very similar to previous swing (2000-10 - 2009-03), just higher in channel up direction. If consider that it can be the same length - yet 18 month left until same period. Same goes to price - it is in the middle point close to all time high and low Fibonacci 50%. We see two possible support zones at confluence of Fibonacci...

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This pair seems like have some kind of equilibrium zone and symmetrical cycles. We can see 124 months lasting cycle above equilibrium zone since market break out of it in 1994-03-01 and broke through again in 2004-07-01. And in 2015-07-01 we see another break through into upside zone again. This is 130 months period (close enough to first one of 124 months). If...

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As some markets analysis models suppose - there are major market reversal cycles somewhere around 7 years length. As we connect two previous lows on the monthly chart (2001-06-01 and 2009-01-01) appears next same length low could be expected at the end of this summer (2016-08-01). That's 91 month cycle (7 years and 7 months) and one more lowest low was 94 month...

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It is obvious - market was in huge channel for the past 8 year since 2008 crisis. Lots of theories suggest that markets evolve into big cycles of 6-8 years. As we add even cycle pattern on this monthly chart, we see the past 2 cycles evenly changed direction after 8 years period. And now we are at the end of last cycle (90 month) since last trend reversal. As it...

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In this pair we can identify the possible major Elliott wave impulse pattern unrolling down (blue circles). In the smaller pattern degree you can see middle of the impulse pattern unfolding with in the wave 3 (red ones). Major level of 0.8 is broken down and retested from below. Supportive trend line (connecting monthly close prices) is broken too, but not yet...

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This year is rallying to its stop loss and Xmas is going to hit take profit soon :) I wish you all lots of green pips, good take profits and solid rise in your balance next year :)