wavefxacademy

wavefxacademy

Hi Traders, here is my analysis on GbpJpy. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to...

wavefxacademy

Hi Traders, here is my analysis on GbpJpy. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to...

wavefxacademy

Hi Traders, here is my analysis on GbpUsd. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to...

wavefxacademy

Hi Traders, here is my analysis on EurUsd My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to...

wavefxacademy

Hi Traders, here is my analysis on XauUsd. (GOLD) My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the...

wavefxacademy Updated 

Hi Traders, here is my analysis for GBP/USD Technical Analysis: Monthly timeframe showing the market created a double bottom(W pattern) followed by bullish impulse candle. Generally once we have this type of market structure, price action generally revisits the neckline of the structure. From a weekly perspective we are seeing price in a key resistance level,...

wavefxacademy

Hi Traders, here's my Analysis on EURUSD Daily market is rejecting the 38.2 fib level from recent impulse. The aim here is to see if we will give us a new high above 1.1810. Failure to close above that level could see price test the 61.8 fib level. Based on Elliot Wave Count, the recent impulse to 1.18 broke out of the corrective channel and formed Wave 1 of the...

wavefxacademy

Hi Traders, here's my Analysis on USOIL Daily market in key support structure, to form a double bottom pattern. Strong bearish momentum in market, but we can expect a retracement before bearish trend resumes. On the 4Hr timeframe we are seeing confluence with the daily support also in a key structure however, the market is still heavily bearish and we can expect...

wavefxacademy

Hi Traders, Here's my Analysis on UsdCad Daily Timeframe: Price action testing market’s 38.2 Fibonnaci retracement level, coming out of a daily resistance level. From here we may see the market make another attempt to break resistance at 1.3420. Failure would see potential fall to around 1.3100 Pin bar rejection at 4Hr support, which previously acted as strong...

wavefxacademy Updated 

Hi Traders, Here's my thoughts on XAUUSD (GOLD) Corrective market structure on the Daily timeframe coming out of a strong bull run with price hitting all time highs. 4Hr Timeframe showing a completion of a 5wave cycle using the elliot wave principles, as such, I would be looking for a pullback between the 38.8 and 61.8 fib of that cycle. Current price action on...

wavefxacademy Updated 

Hi Traders, Here's my thoughts on EurUsd Ranging market on the Daily timeframe with 4Hr support holding firm, current price action on the 1Hr providing confluence to Daily and 4Hr. My overall bias is LONG and to see price action hitting $1.5700 
I've labeled the areas based on what I will be anticipating. An entry will be taken only if all rules of my...

wavefxacademy

Hi Traders, Here's an my Intraday trading analysis on EurGbp. Daily timeframe shows where we have tested the 61.8 fib level based on the recent bullish impulse. This is an indication that the market may have completed its correction. The 4Hr shows price in a down channel, but there was also a strong rejection of the 4Hr support too, then finally to tie all our...

wavefxacademy

Hi Traders, Here's an update on CADJPY Market panning out as expected with the break on the daily trend line support. You can review the my analysis on this (link attached here) We are seeing the $79.00 level being heavily respected over the past 4 trading days with price action failing to close above. This is a good sign that market may give us that bearish run...

wavefxacademy

Hi Traders, Here's my thoughts on GBPUSD Corrective market structure on the Daily timeframe with Daily and 4Hr support holding firm, current price action on the 1Hr showing an active downtrend channel, and as such we could see a break down of the support structure the higher timeframes. My overall bias is Short and to see price action hitting 1.2550. I will...

wavefxacademy Updated 

Hi Traders, here is my analysis for XAUUSD ( GOLD ) This is an update to my detailed analysis on this pair. 4Hr market structure confirms the bearish triangle formation with price action breakdown below $1920 Based on Elliot Wave Analysis we can identify current price action in the 4th corrective wave, where we will be anticipating and move lower to complete...

wavefxacademy Updated 

Hi Traders, here is my analysis for XAUUSD (GOLD) Technical Analysis: Monthly Timeframe: Strong Uptrend market for gold, in fact we’ve seen price hitting all time highs in the process. Based on Elliot Waves Principles, we have completed the 3rd wave of that super cycle and we should start to see some correction in the market (consolidation) which is also clear...

wavefxacademy

Hi Traders, here is my analysis for EURCAD Technical Analysis: Monthly Timeframe: We are at a very interesting resistance with where each rejection of this level say price action falling to around 1.50 or below. We are expecting the same to take place here. Assessing the market structure over the past six (6) month we are seeing where we are above an key level...

wavefxacademy

Hi Traders, here is my analysis for BTCUSD(Bitcoin) Technical Analysis: Monthly Timeframe: Price action is currently in a strong Resistance Level, where the market turned heavily bearish the last time reached these highs and the situation appears to be the same today. The overall market has been in a corrective state and looks like a potential triangle formation...