Waiting for this correction to be over at some point before I jump on a long position
SELLING THE 1H RETEST SUPPLY ZONE REJECTION IF THE DAILY CANDLE CLOSES BEARISH . IF IT FAILS, I'LL UPDATE ON HOW THE BULLISH MOVE COULD UNFOLD.
Could reverse at the point.. But on the larger TF's it is currently bullish in my opinion. See how it plays out
Wait for the next drive. You will see when the buyers are coming back into the market
Hey Traders and Hopeaholics! Quick run-through current corrective structure from an ELLIOTT WAVE pov! TRIANGLE (YELLOW) Triangle formations are corrective patterns that are bound by either converging or diverging trend lines. Triangles are made up of 5-waves that move against the trend in a sideways fashion. These triangles can be symmetrical, descending,...
Waiting for a third touch on the bottom of the corrective wave to then look for a long entry.
Believe the correction could be finished and the next wave down could begin
Was really willing this pair to go long.. but it just couldn't break 1.10 I strongly believe this pair could crumble to the bottom of the structure lows now down at 1.07862 to begin with and then even further down to 1.06353 as the 2nd possible targets.
Bias has completely changed due to the move down not being strong enough. We will see how this plays out
Corrective phase looks to be completed. Looking for opportunities to the downside.
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
Expecting another rally from GBPUSD It could just rise from here and continue to the upside but I am expecting another correction within the corrective wave, then I expect a big move to the upside.
Similar price action to CADCHF Again waiting for an opportunity to go long.
Waiting for confirmation of a long on this pair. Waiting for a sign that the next impulse leg will begin
Similar to AUDJPY analysis except this is moving a bit more sideways than in a bearish movement. Waiting for a sign that the big boys are interested in buying again.
Waiting for this correction to play itself out then I expect the price to push higher. Lets see how it goes
EURGBP - currently correcting leading me to think that another impulsive move to the downside is coming. Waiting for a sign that the big boys are ready to sell again