correctional

MattsActionPlays MattsActionPlays GBPAUD, 240, Short , 13 hours ago
GBPAUD: GBPAUD
9 0 2
GBPAUD, 240 Short
GBPAUD
Simple price action. Multiple retraces before continuing the lower trend. Don't believe this to be different. Still uncertainty surrounding Brexit, so do not believe it has the bullish momentum to push past resistance and make a reversal higher. We shall see next week. Stops and TP set
CortesTeam CortesTeam PRO XAUUSD, 60, Short , a day ago
XAUUSD: XAU/USD: JUMP ON THE TREND WITH FIBONACCI
70 0 4
XAUUSD, 60 Short
XAU/USD: JUMP ON THE TREND WITH FIBONACCI
Hey traders, We are expecting for the retracement to go up till it reaches the PRZ at a minimum of @1180.00, where we have a major fibonacci level (0.618) we also have a nice and clear resistance @1182.5 This zone presents a decent entry with the trend assuming it follows along with the descending ...
kristianrr kristianrr EURCHF, 240, a day ago
EURCHF: EURCHF Long
13 0 1
EURCHF, 240
EURCHF Long
EURCHF Is making correction to the upside, we broke descending trendline and also had a 50% retreacement. 4H Divergence Weeky SUPP was rejected
ew-forecast ew-forecast PRO EURUSD, 240, Short , 2 days ago
EURUSD: Intra-day Correction On EURUSD Indicates Lower Levels Ahead
729 1 18
EURUSD, 240 Short
Intra-day Correction On EURUSD Indicates Lower Levels Ahead
On the EURUSD we are looking at a nice impulsive decline taking place, with price now specifically trading in the fourth wave, ideally unfolding as a triangle correction. A triangle correction is a continuation pattern, that can after its completion push price lower in the final wave five. Resistance for this blue ...
ew-forecast ew-forecast PRO GBPUSD, 240, Long , 8 days ago
GBPUSD: Completed Correction On Cable Indicates Higher Levels To Follow
658 1 21
GBPUSD, 240 Long
Completed Correction On Cable Indicates Higher Levels To Follow
GBPUSD has been trading higher recently with a new leg up last week to 1.2680 where we called end of a five wave recovery from end of October. Notice that market then turned south but only with three waves that found a support at 1.2300 area. We can see a nice bounce from a trendline support which sent price back ...
ew-forecast ew-forecast PRO USDCAD, 240, Short , 10 days ago
USDCAD: Ending Diagonal On USDCAD Indicates A Probable Reversal
840 0 16
USDCAD, 240 Short
Ending Diagonal On USDCAD Indicates A Probable Reversal
USDCAD has been trading higher for the last few weeks, especially since crude oil has turned south. On Loonie we see higher highs and higher swing lows but with overlapping price action between two converging trendlines so pair can be making an ending diagonal as shown on the 4h chart. That's a strong reversal ...
a.b a.b PRO USOIL, 240, Long , 3 months ago
USOIL: USOIL LONG IDEA
289 0 12
USOIL, 240 Long
USOIL LONG IDEA
If it breaks the correction, wait for a consolidation and then buy
a.b a.b PRO XAUUSD, D, 3 months ago
XAUUSD: TWO SCENARIOS FOR GOLD
357 5 16
XAUUSD, D
TWO SCENARIOS FOR GOLD
If it breaks the upper trendline wait for the correction and buy If it breaks the lower trendline wait for the correction and sell
ew-forecast ew-forecast PRO NZDUSD, 60, 4 days ago
NZDUSD: Elliott Wave Analysis: NZDUSD Trading In A Correction
568 1 20
NZDUSD, 60
Elliott Wave Analysis: NZDUSD Trading In A Correction
On the NZDUSD chart we are tracking a three wave corrective rise, that could prove to be an expanded flat with final wave C) already underway. If that is the case, then wave C) will be constructed by five sub-waves with current wave 3 in final stages. Regarding the intra-day view we think that a fourth wave ...
adambiers adambiers USDCAD, D, Short , 2 days ago
USDCAD: waiting on the next strong sell wave..... could be soon!
69 2 1
USDCAD, D Short
waiting on the next strong sell wave..... could be soon!
Pretty Simple, seems to be in a ABC correction after a series of Impulse waves! Waiting for the "big short" :) move down. Thanks for checking out my idea! If you wait for a good sell setup you can catch a pretty darn good R/R ratio!
MohamedMagdy MohamedMagdy XAUUSD, 240, Short , 2 days ago
XAUUSD: Elliot Selling Wave
284 0 10
XAUUSD, 240 Short
Elliot Selling Wave
Elliot Selling Wave
ew-forecast ew-forecast PRO USDCAD, D, 16 days ago
USDCAD: Correction On USDCAD Seems Completed; More Weakness In Sight
546 7 15
USDCAD, D
Correction On USDCAD Seems Completed; More Weakness In Sight
USDCAD has made a five wave of a decline from 1.4683 high which is a very strong evidence for a bearish trend. We are talking about black wave A/1, the first wave of this big new bearish cycle, followed by current slow and overlapping price movement that is either wave B or 2. So we know that sooner or later ...
ew-forecast ew-forecast PRO AUDNZD, 240, 23 days ago
AUDNZD: AUDNZD Showing Singns Of A Completed Correction
813 3 25
AUDNZD, 240
AUDNZD Showing Singns Of A Completed Correction
On the 4h chart of AUDNZD we are observing a nice three wave corrective decline taking place from 1.0763 level as higher degree wave 2 or B, with price currently trading in final stages of sub-wave c. If that is the case, then we could be in for more gains as blue wave c has already showed us his five sub-waves. As ...
ew-forecast ew-forecast PRO USDJPY, 60, a month ago
USDJPY: Elliott Wave Analysis: USDJPY Undergoing A Temporary Recovery
898 3 20
USDJPY, 60
Elliott Wave Analysis: USDJPY Undergoing A Temporary Recovery
USDJPY found a support at 102.50 from where we are now observing a new recovery, but a minor one as part of a bearish impulse. We are tracking wave four which will normally retrace for a 38.2% back to the area of a former wave four. This interesting zone comes in around 103.50, so we would not be surprised if a new ...
ew-forecast ew-forecast PRO USDJPY, 240, a month ago
USDJPY: Elliott Wave Analysis: USDJPY Trading Within A Triangle
1389 6 24
USDJPY, 240
Elliott Wave Analysis: USDJPY Trading Within A Triangle
USDJPY dropped sharply yesterday, well bellow a channel support connected from September low which suggests that market completed a five wave rally up in black wave (c) of C-circled. Decline is also very aggressive, so we believe it's part of a bigger three wave drop that can continue even to 101-102 area for wave ...
ResonanceTrading ResonanceTrading USDCAD, 240, Short , 7 days ago
USDCAD: USDCAD Will go down Eventually
91 0 3
USDCAD, 240 Short
USDCAD Will go down Eventually
This analysis would be valid only if the USDCAD goes to a new high! If it doesn't then the downside move has already started (depending on our Wolfe Wave analysis) and we recommend to start shorting the pair with the provided stop loss price level.
MoneyTrust MoneyTrust ES1!, D, Short , 8 days ago
ES1!: Is The S&P 500 Headed For Correction Territory?
65 0 1
ES1!, D Short
Is The S&P 500 Headed For Correction Territory?
I'm not one for bucking a major trend but I think that the recent action in the S&P deserves some attention. It doesn't take a genius to see that the S&P has been in an uptrend since the selling climax to begin the year. The most recent action, however, is cause for alarm. In Point #1, what you see are prices ...
ew-forecast ew-forecast PRO EURCAD, 60, Short , 22 days ago
EURCAD: EURCAD Facing A Temporary Correction In Sessions To Folllow
381 0 11
EURCAD, 60 Short
EURCAD Facing A Temporary Correction In Sessions To Folllow
On the EURCAD we are observing a nice impulsive decline taking part as black wave 1, that can be in final stages as four sub-waves of five are already visible. As such we can expect one more push to the downside to follow as sub-wave v-circled. After this final leg takes place the pair could face a temporary ...
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