Price is currently testing the lower boundary of a daily bearish channel , the 1 FIB extension level , and a long-term support area . This supportive cluster could potentially lead to the formation of a low around this price level.
On the other hand, the bearish move in price appears to be a corrective bearish ABC move , correcting approximately 61.8% to...
hello dear traders and colleagues. Lets have a look at a very long term chart of CADJPY.
If we want to interpret the chart using Elliott wave principle we can see from the bottom that we have completed a 5 wave impulsive bullish move (corrective wave 4 is running flat formation) and then we can see a 5 wave bearish impulsive (which also labeled as wave A).
Now...
Hello, everyone. I hope you are all doing well.
Let's dive into the CHFJPY chart and explore a potential buying opportunity in this pair.
As depicted in the chart, the price initially formed a bullish impulsive move, but it has since been undergoing a corrective descent for the past three days.
Today, it appears that the price has cleared out liquidity from the...
Hello, traders and colleagues.
Let's take a look at the GBPAUD chart to explore the potential buying opportunity it presents.
Recently, the price broke above the 4-hour bearish trendline and subsequently followed by a bearish retracement. This short-term bearish corrective move has also introduced another trendline, which was breached earlier today, due to worst...
Crypto market made nice and clean impulsive rally at the beginning of 2023, which indicates for a bigger recovery after a correction. Well, Crypto market is now in a corrective consolidation since April, which we see it either as a bullish triangle pattern or maybe even slightly deeper and more complex W-X-Y correction.
After yesterday's volatility Crypto market...
My macro work on Russian MOEX Index illustrates how ElliotWave in conjunction with major fibonacci retracements can be useful in providing the context or the operational frame work for every investor and trader to operate and execute one's strategy.
Starting from the market Oct'98, we may observe how the price structure has accurately finished its cyclical...
*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in the pairs specially USD pairs during news and while FOMC chairman speaks.
Other than that we have 2 very important area for price to turn and possible continuation of downside...
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** AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Is EURUSD due for some major correction. As the pair already complete the 5 wave count and already break bullish parallel channel. Now the pair is ready for major correction.
GBPJPY along with all xxxjpy pair is been on huge bullish trend. But currently GBPJPY has created mature bearish divergence. Will the bearish divergence play its role and divert the bullish trajectory to some corrective structure.
DXY has given breakout from bearish parallel channel with very strong bullish impulse. A little bit of correction is due but the ultimate direction is upward.
EURUSD recently was in strong bullish momentum. But currently it seems like a bullish momentum is fading. A deep correction is also due after such strong impulsive move.
Greetings, fellow traders.
Let's proceed with our analysis of the GBPUSD pair.
Based on the current price action, it appears that GBPUSD has completed the initial corrective wave A within the broader correction. As a result, the subsequent wave B is currently unfolding and may be nearing its completion.
If this correction follows a simple structure, it is...
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** AUDSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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After being in an UPtrend for a while now, Its correction time Price will retrace back to the Fresh Monthoy Demand and will again presume Buying for long term, Investment Traders can book their Profits and add again when Price reaches the Monthly Demand.
ENJOY THE RIDE !!!
The Brackets come naturally bein a coder!!!
Hello traders,
GOLD is setting up for a upside move watch GOLD according to your own trading system and look for a long position opportunity.
Currently i am looking for corrective structure, if price show me a corrective structure then i will be looking for a long position around 2011 level and there is also 0.618 fib.
This is just analysis, not the exact trade...
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** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
