The USD/CHF made two bullish Elliott waves, and it's making the third Elliott wave, but this one is bearish. This chart is all about learning to apply the Elliot wave pattern. The first bullish Elliott wave started on the 21st of October and ended on the 23rd of October . And the second bullish Elliott wave started on the 23rd of October and ended on the 4th...
GBP/USD has broken the downtrend and started rising upward. But how far it runs? There's a hurdle ( 1.3016 ). It can take a reversal from the hurdle level for the levels of 1.2978 - 1.2923 . And the downtrend will resume after the breakout of the last target. What if it breaks the hurdle? I prefer to take a long position after the breakout of the hurdle level....
The downtrend of EUR/GBP shows that EUR/GBP will probably touch a major trendline, and it will touch the targets 0.9000 - 0.9060 . By following the Moving average, I suggest traders buy at a price after the above crossing of Price the MA 200 and sell at a price below the 200MA. But because of an election, there is a possibility of fluctuations. Therefore maybe...
From the beginning of June, EUR/USD made a rectangle, and it's broke this channel between points C & D . Here, I have used the ABCD pattern to set the levels. C point is 0.5 , and the BC projection is 2 . From D point, it fell. It will bounce from the potential reversal point, and it will reach the following target 1.67700 - 1.69600 -1.71300 . But if...
The trend is moving flat in the triangle shape. The control price is between the dynamic resistance trendline and the solid support trendline. The current trend is flat but, there are possibilities of a rise and fall. It will touch the solid trendline, and then there are two scenarios. If the trend bounces from that point, there will be an incremental movement,...
GBP/USD has started falling since September. It's taking potential reversal from descending resistance trendline. Currently, this pair is into the descending triangle pattern. That's a consolidation area. Hence, we may see continue the sideways movement here. Breakdown of descending triangle or hurdle indicating sell confirmation. That means GBPUSD will pushback...
EUR/USD is started to climb from the end of September. Now, it's in the volatility zone. Wherein it will show sideways movement ( highlighted by a vertical rectangle ). According to the moving average, EUR/USD is in an uptrend. Day traders can buy at 1.1870 for targets of 1.1900 - 1.1917 . And short position can be initiate at 1.1826 for targets of 1.1790 - 1.1760 .
Here I took an Elliott wave pattern to set the next levels of this downtrend of USDCHF. Wherein expected wave 5 ends at/nearby 0.9061 . Hence, the day traders can short USD/CHF below the resistance line for the following targets: 0.9084 - 0.9076 - 0.9060 .
Rightnow, EUR/GBP at 4/1 value of Gann fan. There are more chances of collapsing compare to the bullish side. Day traders can sell for the following target price: 0.9080 - 0.9060 - 0.9040 and below. Hurdle: 0.9132 According to this chart, if FX:EURGBP crossover the hurdle level, the buy position can be initiate here. The bullish targets are described...
The above chart is an incremental trend, in which I have applied the Elliott wave pattern to get the levels. At the end of the major support, it's making an ascending triangle . That, I have described in detail in the above chart. The trend is crossing the upper trendline of the triangle. It will fall from around 0.7300 . If there will be a situation of...
Fibonacci Retracement: Swing Low - 1.14098 Swing High - 1.34832 According to Fibonacci retracement, GBP/USD's last stop is a 50.00% retracement level. Currently, it's trading nearby a 23.60% retracement level. The day traders can jump for the 38.20% retracement level but, there's a strong support trendline between the 23.60% to 38.20% range. How...
BTC/USD has created a symmetrical triangle pattern. It's taking reversal from the resistance trendline. Technically, it will keep falling. Day traders can keep selling BTC/USD for the target of 10630 - 10560 levels. Short-term investors should wait for a divergence from the entry point. It will start flying soon for 10900 - 11200 - 11400+ levels. But,...
USD/JPY is following a dynamic resistance trendline since July 2020, and it's there now. Here, we have the opportunity to earn $12,000+ (trade size:10,000) in profit. A short position can initiate the dynamic resistance or below for the target price of 105.6. That's for day traders! If you have expected something bigger from this call, I recommend holding...
Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one. It started to increase by making arc-shaped strong support and fell from the peak. The trend made an ascending triangle between the support trendline and resistance trendline. If from the last candle of an ascending triangle, It moves in...
USD/CHF is making a slope here, between a strong resistance trendline and a support trendline. The trend made an upswing parallel channel, But it can fall and knock the control price line. There is a possibility that It will rise to 0.9200 , and then it can touch 0.9236 . Also, there is a possibility for the fall to 0.9100 , which is the first target. Then...
The trend is making a downside slope here. I applied the Fibonacci retracement to set the levels. In the beginning, it's an uptrend. From the 1.20114 , it started to fall. In between the resistance and support trendline, it tried to climb and made minor support. the trend rose to the 1.17696 , then it started to fall again. It will tumble to the 50 percent...
I have used Fibonacci retracement in this chart to identify the possible further moves of USD/CAD. It's an uptrend. In the beginning, there is a descending triangle. There is a descending triangle at the beginning of the Fibonacci retracement ( 78.60 percent around). And the next construction of the trend before the brokedown is a parallel trendline. After the...
In this chart, resistance & support shown by using a box. Redline between the chart is a hurdle. By following the box, we can say that there will be a downtrend. Dynamic resistance shows that if the trend crosses the hurdle, there will be a downtrend. But if it will not intersect each other and will take a "V" shape there will be an uptrend to the 1.1770 -...