AUDCAD - BUY (by Ellalan) (E11) BY Ellalan
If there is a reversal, these double ZIGZAGs could be part of a flat ABC on daily. Good luck!
Long time no post. I'm currently short at GBP/JPY 4H chart. Fundamentals : In the short-term there is no clear fundamental driver for GBP, but for the long-term outlook Brexit and its development would still be the driver for GBP to go lower. Many analysts predict that Brexit would eventually hit UK GDP and there-fore has a bearish bias on the GBP. This is...
These five waves could be an "A" wave. If breakout occurs, the retracement of the "B" wave (hourly correction) may reach the 38.2% (as you can see on chart). Happy trading!
Shorting USD/JPY @ 108.573 1H Major Zone Trend Line Price Action is Currently in a DOWN TREND
Looks like we're in a bearish channel, possibly finding support at 1100 (38.2% fib retrace of previous major low at end of March) or 1060 (50% fib retrace). Should bounce off support back to 1200 or 1220 previous resistance areas by last week of April.
It is an impulse. It is completing five-waves as third wave extension. The last strong hourly downtrend was a ZIGZAG. Happy trading!
It assembles more likely a ZIGZAG to the upside. On daily chart I am assuming that an ABC has formed as second wave. My forecast for long term is BEARISH. LIKE & FAVORITE to be updated. Cheers!
Support & Resistances on chart. Happy trading!
Looking for a nice pull back to enter my position. Hoping to see price bounce off support.
Bearish Divergence seen on 60min chart Two entries all information on chart. This is my own view and is not any form of advice for trading, please yrade safely and at your own risk. I wont be held responsible for your account if you loose or make money. Good luck.
Long opportunities if break + retest at neckline