Osei-Wusu

Osei-Wusu

Kiyo, You can zoom in and out to get a clearer picture of what I'm about to type. After the impulsive move(wave 1 in red) which ended in September 2020, there was a correction which we could've labelled as the ABC correction of wave 2(where I've labelled as extended flat A). We were expecting a bullish impulsive wave 3 afterwards but this bullish wave wasn't as...

Osei-Wusu

you can sell gold now. but that will be a short term trade. however this trade is a long term. target is at LEAST the all time high which is around 2075. sl is 1753 for now. this is an elliott wave setup. those familiar with waves knows what is termed as extension. price is currently in wave 3 of 5. however wave 3 is extended hence it's going to take a longer time...

Osei-Wusu

elliott wave analysis of btcusd. price is currently at wave 4. to be specific, wave b of 4 will complete and the start of wave c of 4 will begin. hence this setup is a trade for the impulsive wave c of 4. longterm price is still bearing. heading towards 30ks

Osei-Wusu

sell gold. with price currently at wave B, it is expected that price drop to at least 0.618 of the Fibonacci extension to complete wave C

Osei-Wusu

just an idea on bitcoin. this is an elliott wave count on bitcoin. btc is heading towards 30ks in a 5 elliott wave manner. price is currently at wave 3. to be more specific, minor wave 5 of wave 3.should my analysis be correct, price is expected to form a wave 4 which what im currently projecting.

Osei-Wusu

expecting wave c of 4 to move to at least 38.2 of wave 3. hence after the forming of wave c of 4, we are going to short gold

Osei-Wusu

looks risky but stop loss is tight. in my previous analysis i posted about gold being bullish with price currently in wave 3 . however price doesn't look very sharp. kind of consolidating hence i took a second and realized the first falling wedge was wave 5 of 3. hence price is now at wave 4. to be specific, price is at wave C of 4 with wave C forming a rising...

Osei-Wusu

this channel consists of 5 elliott waves with the last wave forming a falling wedge which means price is likely to reverse. hence from bearish to bullish

Osei-Wusu

update on my previous gold analysis : for the first analysis , stop loss was 900 pips away from my entry. same setup but this is on a 4hr time frame. stop loss also adjusted to last week's low after falling wedge confirmed wave 5 of C has completed. stop loss now adjusted from 900pips to 200pips. TP is over 6000pips apply risk management and best of luck

Osei-Wusu

Gold is currently in it's fifth and final wave with wave IV ending on march 2021. Fifth wave of gold looks extended hence it's going to take years to reach target. price is currently at wave 2 of (3) of V. wave 3 might begin soon.. probably during or after NFP. stop loss is around 1678. also price is at 50 % of wave 1 of (3) ... 61.8 % is also likely but not much...

Osei-Wusu

EURUSD has reached 61.8% of the bull wave that started in march 2020. the bear wave consists of wave ABC with price currently at wave 5 of wave C of II. there seems to be a false breakout from the channel however should the 61.8% hold, the wave III to be formed is going to get to at least 1.30. also take note that wave C of II is almost at 1.618 of wave A of II

Osei-Wusu

Just an idea. Sell gbpusd as price is currently in wave 3 of c. Downtrend will be completed at the end of wave 5 of c hence long term projection is around 1.25

Osei-Wusu

eurusd is bearish in a descending channel with wave 5 of correction wave C set to complete(take profit region)

Osei-Wusu

wave B is likely to form a triangle judging by how long it took the impulsive downtrend to end. just an ordinary abc correction wouldnt correspond when time factor is included. hence my idea of wave abc taking a bit longer provided wave B forms a complex wave or wave c forms a diagonal.

Osei-Wusu

JUST AN IDEA

Osei-Wusu

buy btcusd. take profit at at least 60k or even above. it all depends on how powerful wave 3 will be. however if you account is small, wait to at least 33.5k and then you can buy from there

Osei-Wusu

just an idea

Osei-Wusu Updated 

too early to tell if this pattern is goint to complete but once it does, execute the trade with nothing to fear