Hey Guys!
I saw this very interesting.
The Weekly correction has been broken uptrend by this last impulse. Now it's making a correction in the shape of a flag so we have a buy set up!
Simply buy the breakout!
Carlos
My thoughts on AUDJPY were short overall, but taking a look at current price action on the 1H chart also presents a short term buy....
Price today touched the .618 retrace of that bearish move, which is also the third touch of upper trend line. Immediately after the touch, price created a nice bearish engulfing candle, enticing sellers to jump in. But what...
Hey Traders,
Long time no post, happy new year and happy holidays!
I am back with a few analysis from my holidays, one is this trade, EURJPY.
In my team we traded the flag down, we managed to get a 116 pip trade done.
This flag is finally reached 0.786 of the fibo so I am sure it will try to brake it.
The ongoing brake maybe a Throw-Over so we have to wait,...
Hey folks,
Here's a move I have been analyzing since Novimber 2016. And now all the patterns indicate the start of the new impulse.
ABC correction almost done. C wave is a perfect 5 wave impulse down and the fifth wave is an ending diagonal. The main correction is even an ending diagonal; however, we are looking into the small timeframes for those.
I will...
Hi Folks,
One more analysis. I really have my hopes into this trade, working with a buy limit order.
We have a past eliott motive wave (12345) followed by a perfect ABC ZigZag correction since it is formed by two "threes" and a "five".
At the end by -C- point we have a small extended flat followed by a downtrend channel consolidation.
My final prediciton is...
- Potential ABCD Pattern located with completion @ 2.272.
- Fib Extension completion Lines up with ABCD completion.
- RSI Currently oversold.
There are some other patterns on lower time frames you can check to verify, this is my take.
Happy Holidays!
Hi traders,
I posted an analysis last week on Us Oil, which I realized it was wrong! So I have analyzed Oil again and now I am sure about the analysis I have made.
In the Daily, we have the start of an Elliott motive wave. So we know Oil is going uptrend. I will post the Daily view after this one.
In the hourly chart, we can see the H1 impulses and respective...
This another bull setup after previous AN trade of 1:6 RR
If this played with right Money management can bring in lot of pips
I will keep posting updates on Lower TF.
Happy Trading
I believe that we may do pullback on daily or weekly chart but the bull is still intact for next 1 or 2 months as we have structural breakout from Consolidation and we are in midway of impulse (5th wave).
My First target would be around 2435
you can take entry at next pullback around 2240 and target the 200 points up
SL can be whichever is affordable according...
