Trend_Analyst

Trend_Analyst

GBPUSD Elliott Wave Count Looking Potentially Bullish

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Based on this interpretation, red wave 2 of blue wave 5 is complete and we are now looking for a move higher for wave 3 of blue wave 5. The final hour of trading on Friday saw support at the 61.8% Fibonacci retracement level of red wave 1 tested. It was broken but closed back above to end the session with a spinning top candle formation. This candle is a sign of...

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GBPUSD Possible Wave Count

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USDJPY Short Trade

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GBPUSD Long Trade

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Elliott Wave Interpretation. All levels are based on the termination of wave 3 at 19.25. This is where wave 3 will have travelled 161.8% of the distance travelled in wave 1 and is the most common Fibonacci relationship between wave 1 and 3. Should we break through this level this analysis would no longer be valid.

Trend_Analyst

XLMUSD Stellar / USD Elliott Wave interpretation. All levels are based on the termination of wave 3 at 0.093477. This is where wave 3 will have travelled 161.8% of the distance travelled in wave 1 and is the most common Fibonacci relationship between wave 1 and 3. Should we break through this level this analysis would no longer be valid.

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USDCAD at Support, Possible Short Trade Set Up

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AUDUSD Possible Elliott Wave Interpretation. Looking for a continuation of the move lower in the short term to complete wave 5 before the bulls regain control. A 3 wave move to upside should follow.

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GBPJPY Wave Count

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GBPUSD Short Trade Set Up

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GBPUSD is currently working an A-B-C zigzag for blue wave 2. Looking for one more leg higher to complete wave (e) of B before pushing lower for wave C. Target for wave C is 1.25500, The 61.8% Fibonacci retracement of blue wave 1 is at 1.25463. This is the most common level for the termination of wave 2.

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GBPUSD Inverse Head and Shoulders Pattern on 15 min chart

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GBPJPY Possible short trade set up. We appear to be working and A-B-C zigzag coming off the wave 5 high at 148.000. This interpretation suggest we should in the short term see a move lower to test the 139.00 level for support. Wave 4 of the previous 5 wave move failed to break support at the 139.00 level. The 38.2% Fib retracement level of the move up from the...

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XAUUSD has been trading in a complex correction since hitting the 4th of September high. We can now count a complete Elliott Wave X-Y-Z pattern. The 1445 - 1455 area has provided good support / resistance in the past and the 38.2% retracement of wave 3 comes in at 1447. We have bullish divergence on Stochastic indicating momentum could be shifting to the upside...

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USDJPY Possible Short Trade Set Up with good risk to reward.

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DAX Possible Elliott Wave Count

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EURUSD Daily Chart Wave Count