FX:AUDUSD AUDUSD has done the impulse wave and finished the 5th wave at around 0.6550. Made it a top and traded in the range for two weeks. And it now made a double top this last trading week which shows weakness of the trend. We can expect a correction until it reach the 618 fib retracement which is pretty significant level. You can like and comment of my...
Fibonacci Retracement is good tool to knowing correction wave, so I take short AU at 0.64650 Position 1, SL 0.65150 TP 0.64400 Position 2, SL 0.65150 TP 0.63900 Position 3, SL 0.65150 TP 0.62650 Good luck, cheers
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I expect the AUDJPY will break out of the channel up, and then the rising trend will accelerate in third of the third wave. After the price goes through wave B I will be strengthened in this idea. Now the 64.85 could be the Stop level, but if you would wait for the breaks for more probability then the next higher high could be the stop level.
WE'VE BEEN FOLLOWING THIS PAIR THROUGH THE NEWS EVENTS AND FIND IT TO BE QUITE CHOPPY WITH THE FREQUENT NEWS ANNOUNCEMENTS, SPEECHES, INTEREST RATE SURPRISES, AND NOW MANUFACTURING DISPUTES BETWEEN CANADA AND USA. TRADE THIS ONE CAREFULLY. OANDA:USDCAD
Hey, This is my Bitcoin view in the longer term. (EW) I zoomed out to get a better perspective where we could be in the larger picture. I was able to get a clear count in the bitcoin log scale chart, which makes me believe we still are in a larger big wave 4 correction. A very complex wave 4 correction but possible as the large wave 2 was pretty simple. What you...
Hey tradomaniacs, welcome to another free signal! Type: Daytrade Notice: We split this trade in two position each with 50% position-size. Position 1: Market Sell-Order: 2870,00 Stop-Loss: 2995,00 (125 pips) Risk-Reward: 2,0 Position 2: Sell-Limit 2950,00 Stop-Loss: 3075,00 (125 pips) Risk-Reward: 2,0 Target: 2615 Risk: 1-2% ...
Price is still inside small channel. We will looking for some reversal pattern which will confirm our correction to fib 38.2%
Here are my current thoughts on GRPN: 1) We have completed our first wave structure up and we are currently in a correction pattern before continuing to the upside. Right now it appears to be playing out as an "ABCDE" symmetrical triangle / regular flat pattern. - If this is invalidated, I have included the possibility for if this becomes a 3-3-5 expanded /...
We're in the corrective wave for this pair and moving towards the C leg in the Elliot wave cycle. Price has also broken our trend line and we see a strong bearish movement on the daily timeframe. Lastly, a Harmonic bat pattern might be forming. All of these indicate a strong movement to the downside. Hit like to support for more analysis!
There are two new CME gaps and BTC appears to be finishing the fifth impulse wave before an ABC correction. This makes sense since the correction would fill both CME gaps (BTC like to fill CME gaps pretty quickly after they are made before taking off again). If there is a strong rejection around were we are now I will consider an ABC correction is in play at...
For a product like these i want to see the bigger picture since the returns over the last years were exuberant .Logic says that you cant get rich that fast twice no matter the product no matter the technology. I see btc in the very long term but in my opinion the time to run is not now. I am waiting to see monthly RSI below 30 and everyone being depressed about...
We are seeing a corrective channel on this pair currently, with ascending price acting quite correctively I can personally see a small move up before an overall bearish impulse to bottom of channel starting point Confluence for this setup are as follows: - ascending channel in the form of a correction - pattern separation within the larger timeframe structure,...
Gold's upside move could end shortly, forming an intervening wave x that could be followed by either an ending zig-zag or an ending triangle pattern. The successful correction could turn the current structure into a triple combination! Look for potential invalidation above 1519/oz. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is...
Preferred count in color, alternative count in grey.
we could see everyone is posting BTC up or down with so many different perspective it causes confusion to traders Gold is on the upside movement, currently in heavy sideway moment (correction wave 3 of elliot wave) buy on dip... place your own money management stay update to fundamental pay attention to chart pattern DON'T trade rashly but think what is the...
Price now is resistance , if break this resistance our target is 1.1710 wave 1 Minor is complet. now price moved in correction cycle
Chart says all. Been shorting too soon as usual, but the 7-wave Triple combo is a rare and confusing pattern. Overnight ES futurez tapped the intersection of long-term TL and near-term TL in this wedge; they converged at 3056. China says they were just kidding and wont get serious with the Great Donald, such a big surprise! Expect to fill the gaps from past...