While the count i posted in the previous post is still valid, the size of the decline is big enough to raise suspicion. That's why i present this new count where wave B/X (circle) is not yet finished. Currently a triangle seems like the best count, but with NFP this friday, perhaps a double three is a more prudent count. This would mean price will spike lower...
EURNZD is setting up for a possible bearish move down to any of the 3 targets listed below. Although this pair has been in a beautiful uptrend over the past 5 months, it will end sooner or later. RSI has been flashing some negative divergence for 3 months, that alone is not enough to act upon. We will be waiting to see a daily close below the lower uptrend line...
As of 09/10/2015 at 9:00 EST We have identified a possible Long trade in EURAUD. As you can see this pair is forming a triangle pattern on the 4 hour timeframe. With the long-term trend on the daily being to the upside we will be looking to trade this pair with that in mind. Although we won't be afraid to take a short position, current trends tell us to lean...
As of 09/01/2015 at 13:55 EST: We have identified a possible Short trade in EURUSD. We will be watching EURUSD for a breakout of this Triangle pattern to the downside. This is an emerging pattern with high probability. Wait for a close on the 30 minute chart below the lower trendline of this triangle pattern before initiating a position. Targets of 1.11500 -...
EURUSD in large range into the Labor Day Holiday, limited downside. Looking for correction back toward 38-62% of hourly range.
Both Technicals and Fundamentals show pair is ready for massive move down. This is on a weekly time frame. So the 10 pip bandits most likely won't have the patience to capture it. This will be for the swing traders.
I wont fool you with too many bullshit regarding technical analysis, just search for the stop hunts and ride. ##########################Previous Trades ################################# ########################################################################
I know it's from yesterday, I took this short. This is a great example of Yellow Line Break. Always Search for the BatMan
Nice gap down after Greek #OXI Question is when gap will be closed. I see a possible Harmonic Gartley first and the back for a gap close. If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday...
This is ONE POSSIBLE way this structure can develop. Please be aware that corrective patterns can be very complex and the next wave in a correction can be forecast by tracking the development on lower degree. This is not for trading but for information ONLY. I will followup with possible trade setup on lower time frame . If you have a different idea please share...
In previous idea I wrote that I wait a rise above 1.15. This scenario has broken a little bit and the rise was two times small that I wait. Those days showed that correction from the 13th of March does not end yet, because this pair have not done a impulse wave down and also the movement from 1.0818 does not look ended. I remarked waves and now I think the pair...
How we have been seen during last days the pair doing a long consolidation. This consolidation due to waiting of decision interest rate. Tomorrow to expect a hight volatility and probably a strong movement. Using Elliot Wave analysis, I may suggest that the out from consolidation will up and will break 1.138 with targets until 1.176. This is my main idea at this...
LAST WEEK This pair was on my watch list since the beginning of May. The pair has been in a long downtrend since October 2014. On May the pair showed a strong up move that sent prices to close above the DAILY 200 moving average and to close above the January 2015 resistance (ex-Wave 2) which changed our bias on this pair to bullish. Jumping into the market at...
MA Crossover on weekly, this has not happened since June 2014, closed above 1.11 and still a green candle for the last week, closed above monthly pivot. I'm looking for a reversal at the bull trendline or a break and close above of the bear trendline to go long to 1.1365 R1 and potentially 1.15
Overall I'm still bullish for this pair but the proportion of this gartley pattern seems really accurate. Probably eurusd will complete correction on the 76.4 fib.