It never ceases to amaze me how powerful bigger timeframe imbalances are and how price can react to them no matter how old these imbalances are. There is a clear example of a very strong supply imbalance on the British Pound versus New Zealand Dollar (GBPNZD) Forex cross pair. There is a very strong monthly supply imbalance created around 2.09 price level last...
Here you can see that I drew a rising wedge to track down the bearish move, I marked up how many pips was the last range and estimated how many pips I wanted from that trade. the market at this time was moving incredibly slow and missed the full range by 8 pips but that is ok because I wouldn't want to be that greedy and secure the full 192 pips that was predicted.
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Hello all, here is my overview of the GBPUSD , let's get to my chart work. The orange trend line is a very strong resistance area of GBPUSD, that's why I'm not surprise of the last correction of the price. Since it's the 12 years trend line, the price needs to give respect of this resistance trend line. Currently I'm looking for more retracement in upcoming day...
A look out our Roller Coaster Indicator suite using examples of forex, stocks, futures and cryptocurrency. Highlighting the need to understand trade size when comparing risk to reward. Also how to identify the best time frame to trade for the instruments that you trade. This Roller Coaster Indicator suite has an 83% win rate and uses a Stochastic/MACD Cross...
15th January 2015 5 years yesterday we can ever forget that day and many never will When the CHF unpegged the EUR price and the EURCHF dropped 2400 points Many Many Traders went bust even some Platform Brokers went bust for they could not pay the margin what a day a day we hope to never see again any lessons Learnt never trust the CHF
Hello fellas, welcome back to the technical analysis with me and this time I will do the GBP/USD technical analysis starting from daily time frame and lower time frame. we might present you the elliot wave count on this current analysis too. We have seen the sink of GBP following the descending value of EUR . But, I see this as a cycle and it's a good cycle if we...
Hello fellas, Here it is the short term view of current movement of EURUSD and today's potential movement for EURUSD . Today, we can expect the price to test this 2 regions which are the yellow support trend line and the blue region as a shadown support which have the confluence with the previous yellow line. Yellow line is simply the support trend line that has...
Here it is I present to all of you about the EU chart and potential levels to be tested in this week. I want to give several highlighted things in this chart. First, Looking at the green resistance trend line, this is the resistance trend line which has driven the price since september 2018. This is however become the massive trend line and on daily chart, this...
EURJPY – Jpy currency is still in weakness, while buyers might push higher Trend: Strong Buy Support/Resistance: R4: 122.163 R3: 121.717 R2: 121.381 R1: 121.069 S1: 120.400 Price action: Buyers might continue this trend after they break and hold above first resistance, if they're enough strong. First hard and slow target is at 121.381 level. If buyers will...
AUDCHF – Buyers getting stronger (waiting for news) Trend:Strong Buy Support/Resistance: R3: 0.68791 R2: 0.68502 R1: 0.68292 S1: 0.68205 S2: 0.68006 Price action: Buyers are ready to break higher by showing strong momentum. Till the news are not reliased, we can't know the next move in any way (recommended). Potencial trade idea: Bulls targets: T1:...
Trend: Strong buy Support/Resistance: R2: 83.867 R2: 83.548 R1: 83.125 S1: 82.785 Price action: Buyers rebounce hard after sellers retraced from supportical level at 82.785. Sellers might be quite for a while, till buyers complitally get tired. Next buyers targets will show us strenght and decision how sellers will react after. Potencial trade idea:...
We previously posted a trade idea using our Elliott Wave Indicator Suite on AUDUSD for potential Long 5th wave trade >>HERE<< And it did just that!! Great trade and using all of the indicators in our Elliott Wave Indicator Suite to setup a high probability 5th wave move Find out more about our Elliott Wave Indicator Suite by watching the Video Tour >>>HERE<<<
After a nice bearish move on EURUSD our Elliott Wave Indicator Suite has labelled the Elliott Wave Count and our Probability pullback zones. The wave 4 found resistance in our Red zone, which represents a 75% probability that this Forex pair will go onto to hit our Automated 5th Wave target zone. Included in the indicator suite are also, our special Elliott...
Earlier today we made a quick education video discussing the tools in our indicator suite and how to use them to trade the high probability 5th wave moves. We used this EURJPY example as it was setting up. The orginal video can be viewed >>HERE<< This next video is a follow to show our automated 5th wave target zone has been hit, completing a great Elliott 5th...
Part of our Elliott Wave Indicator suite are our 6/4MA High and Lows which are designed to allow traders a sensible entry strategy for long and short 5th wave trades. In this example a great 5th wave trade was entered on EURUD on the 30 minute time frame using our Elliott Wave Indicator Suite for TradingView. The green arrow on the chart highlights the short...