This two ingredients balance is one of the key of success. I don't prefer to high RR, but sometimes I taste it.
So the moving from wave (i) absolutely corrective. I have been waiting for wave (ii) will be completed patiently. Next move should be upside beside USDCAD mustn't move below 1.3915!!! At the support zone, the correction has to end! For me, the target is...
Currently, the price looks to be forming correctively
Waiting for a signal to go long.. but if price surpasses the 61.8% on the fib then it will become invalid
The recent sharp upward movement on the oil market caused by Donald Trump’s tweets looks like a possible wave C in a larger corrective movement. Previously the price of crude oil has reached the new low and has created a potential wave B which consists of three waves down. Before wave B we may spot a nice sharp rally which could be labeled as wave A. Currently the...
Waiting for a break of this corrective structure will then be entering a short position
We have had a test of a weekly resistance and have moved below the structure
Currently correcting from an impulsive move to the downside
Type Of Correction: The main difference between a regular A-B-C correction and a W-X-Y is the sub-wave count. While the A-B-C formation often has a 5-3-5 or 3-3-5 wave count, every wave in the W-X-Y correction consists of three sub-waves, amounting to a 3-3-3 correction. Since the W and Y waves often have the same length, this correction could end in June 29,...
Buy Cadjpy after correction breakout. Targe is weekly R1. it will be better to buy after the breakout. Add more buy if it makes more correction before the target.
Hit like for support and follow for many more upcoming accurate pips.
This could be a long term outcome for EA
There has been a lot of talk of Australia facing a recession so if that happens then I can't see it happening
We will see in the very near future
With the recent plunge in the international markets, Brazils Ibovespa is soon to reach Wave 2 bottoming territory and should stage Grand Supercycle Wave 3 next.
Com a recente queda nos mercados internacionais, o Ibovespa deve em breve chegar no território de fundo de onda 2(Grande Superciclo) e em seguida encenar a onda 3 de Grande Superciclo
Suporte fortíssimo...
Expecting a new record high for major equity markets(DJI , SPX , etc.) till september-october '19.
After that another deep correction may follow that highs before the new economic expansion phase.
I believe the worst is already behind , bottom was formed in 2018.
TP for Longs : 28.000-29.000
Correction Deep Target : 23.000-24.000
Good Luck.
Hi Traders lastly we have AUD/USD. On this pair you can see we are currently in a downtrend ,predicting this market will keep going down ,the Aussie economy heavily rely on China and with this virus going around I don’t see any reversals yet. So any pullback in this pair ,preferably come back to retest broken support in this case(0.67420) we’ll be looking for...
I see the £ really struggling with still no certainty that Britain will leave the EU with a trade deal in place.
I personally think they wont leave with a deal and i see nothing but bad news for the £
I know it seems a bit far fetched to predict the £ to fal this far and maybe it will fall to last years lows and maybe it wont but time will tell
Any...
There is possibility to go LONG from the current price upto to the level of 1.3280,
then SHORT upto 1.2780.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards
Let's count waves.
Do you see the same potential upside for this pair?
I am a beginner in Elliott Wave Analysis and this is my sentiment.
The minor impulsive wave in RED has been completed and corrected via an ABC structure with 5-3-5 sub-waves.
The parallel lines connecting the end of wave B and the end of wave A usually forecast the end of wave C as...
The price bounce from a downtrend and a resistance zone, broked a up counter trend, and right now is making a corrective structure on the 4H timeframe. to go short i would like to see a 4H candle close below mentioned zone (Red Zone)
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