Please leave a like and comment if you enjoyed the analysis. The price could be completing an a-b-c-d-e correction inside a descending broadening wedge. The price is possibly beginning the 2nd subwave. Final target : $6310
I will watch for red rectangle area and see what will happen. Possibility is it will spike to there and turn south. Linked also to ABCDE idea repository. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
EURJPY forming ABCDE pattern and has broken down ascending trendline
Let's see how high it can reach before going towards previous low again. Red area is meant for monitoring what will happen, not for all in with shorts :) Potential targets are marked on chart, SLs will be defined on entries. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I marked significant daily levels on daily chart below. Currently it's at level, which served as support and resistance in the near past, so it may dance around it again. Will see how it will start a new week. ABCDE pattern is suggesting short, but I'm not willing to short it from this level. From bullish perspective, entries around 132.00 or even 130.40 would be...
Everything is shown on chart I think we should be ready for new price and jump Dont forget stop loss and enjoy your profit
Another ABCDE to take in account for better future trading. Orange area would be place for scalping on 5m, but as thrilling as this can be, I don't have time for this. I'll be focusing on the yellow area in the future - entry in the start area of the pattern (two red lines) and at the same time re-test of previous highs (rise from D). Adding this one also to...
Looking for one of the possible ABCDE moves here. On larger time frames I marked area where it would reach, if will turn south (see below). So let's go chasing some other pair and come back to this one later and see what will be plotted. Daily: 4h: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
The closed triangle. The Symmetrical Triangle Corrective Price Action Pattern Maybe long to 140$
Pound Sterling correcting. Should see 50% of from September low to December high.
EURUSD triangle structure seems to suggest that we have a little more upside correction left before turning lower. The test could take place near 1.13, the 78.6% Fibonacci and also a price/trendline intersection. Both MACD and the RSI support short-term bulls! If successful, the chances of reaching a fresh multiyear low would increase. Trade safe Stavros...
All 3 wave structures meet criteria of ABCDE wedge, All X waves identical, All Y waves extensions identical. THis is a great 700 pip trade up Invalidation is a close below the daily trend line of current WX structure (Green label)
Text book structure. Sitting on this weekly trend line, looking for bullish momentum up to tag the upper wedge trend line. AUDUSD has room to increase NZDUSD has broken a uptrend, and is correct below the trend line for further selling. The Bias suits this structure. Please comment if you disagree so I can improve my analysis. Please comment if you...
We could consolidate and break on D rather than go for E, bottom seems in and volume is rising...
TA: We have retrace to 0.786 previous rally, It looks like a falling wedge, ABCDE corection also looks like its completed. FA: positive-> Binance offering futures ETH And mr. Vitalic also appears occasionally in the news, ETH 3.0 also in near future, it may be buy the rumor sell the news, but what do I know... Bias should be Long or Contrarian to current trend....