- 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...
We advise you to watch for Institutions to step into EURJPY at lower levels. One to watch for sure during the next 12-18 hours.
We suggest using a stop of 40 Pips. Profit target is completely up to you, try to gauge price action to determine your out.
Hi Traders,
Dowjones Index looks potential.
One impulse has taken off from the ABCDE structure and now it seems to be over.
I would wait for a flag, so I get a buy set up, and find the entry for a long position.
Carlos
Here we see UJ making a perfect bounce off of the 38.2 Level along with what could be considered a morning star or an engulfing candle at the site of where it bounced off. Also it's in its 3rd drive of the elliott waves pattern. RSI is above 50, and the EMAs are very close to cross over.
Hey Traders!
My mate @ashalker and I have been looking into the U.S. Dollar Index.
We see a clear motive wave (12345) or Elliott Impulse.
We will look into smaller timeframes and look for buy setups!
Carlos
Hi Traders,
This trade set up is for GBP/USD based off of the 4H chart.
Now we can see price action failed at the 61.8% Fib level on 3 occasions over 2 days. This failure supports the theory that price action is simply taking a break from moving up after a long period of gains.
The market appears to be rejecting any further decline past the 61.8% fib level...
after that impulse we may see a correction or consolidation i will wait for confirmation to position a buy.
Despues de ese impulso podríamos ver una corrección o una consolidation, voy a esperar confirmacion para posicionar una compra.
Daily chart : it meet the support line.
Now we wait for confimation about to change the trend.
Fundamental:
Next week : NFP
Divergence signal 2 times (double divergence)
Wait and See or trade with shorter timeframe
Buy : Short and TP.
Sell : Wait signal.
