1H Chart Explanation:
- Price broke the Descending Trendline and is currently on a Bullish Corrective Structure.
- If it breaks it, potential to move up towards the Resistance Zone.
Check out our Top and Bottom Analysis on the Related Ideas.
Updates coming soon!
Hello Traders,
Price action is not much interesting on this pair, Still moving on sideways only. As per wave analysis corrective B wave not yet complete, One more leg downside is possible upto 1.1175 to 1.1160 support zone.
Fed meeting also quite interesting factor,we will check out the technical's to work or not.
Hello Traders,
As per my wave count GBPUSD found bottom @ 1.2508 to 1.2500 support zone. From here we can expect impulse C wave upside of this corrective structure.
SIDE : BUY
ENTRY @ 1.2508 -- TP @ 1.2800 -- SL @ 1.2400
HELLO TRADERS,
Last Week GBPUSD fell below our support level of 1.2605, Price action showing more downside on Pound. As per my Wave Analysis GBPUSD trading on Corrective ABC pattern on short term. Ahead of FED meeting pound fell to 1.2530 level to finish this wave B of this corrective structure.
Hello Traders,
As expected last week EurUsd fell to support zone of 1.1215 to 1.1200. Still this pair finding strong support to surge upside.
As per my Wave count still EURUSD trading on short term corrective wave of B. This Wave B find support @ 1.11180 to 1.1160 level.
Hello Traders,
Yesterday close below medium term support level @ 1.1290. I am expecting sellers gng to push the market downside to 1.1200 handle.
As per previous post on EURUSD price rejected by previous week close @ 1.1331 fell nearly 50 Pips from yesterday's high. In medium term term EURUSD trading on complex corrective pattern, the corrective structure follow...
Hello Traders,
GBPUSD fell into complex corrective pattern. This week Pound find support @ 1.2655 level and could not brake the previous week high. I am looking wave C of B downside upto the support level of 1.2605.
Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on...
Hello Traders,
We can clearly see UsdChf formed double bottom on major support level @ 0.9860 on short term. As per wave analysis this pattern looks like ABC corrective pattern, Already wave A and B are completed. We can expect wave C upside upto the resistance 1.0010 level.
My Entry:
Side : LONG
BUY @0.9894 -- TP @ 1.0010 -- SL @ 0.9840
EurUsd trading under complex corrective pattern for last couple quaters. As per medium term structure also giving high probability to current complex pattern continue for few months.
In short term prospective, last week we got some strong momentum upside. This momentum will continue upto 1.1450 level, before that once again price fell to 1.1215 to 1.1200 support...
Hello traders,
GBPUSD weakness on MAY month will continue on medium term. In short term we can expect Corrective ABC move on this pair.
GBPUSD fell to 1.2630 support level on coming weeks to finish the B wave, From here Buyers push the sterling to 1.2830 to 1.2860 levels.
MY ENTRY LEVEL ON COMING WEEKS:
SIDE: LONG
BUY @ 1.2630 -- SL @ 1.2500 -- TP @ 1.2830
Hello everybody!
Today we will talk about Ripple (XRPUSD)!
As many cryptocurrencies, even Ripple made a strong five-wave rally in 2017, but in EW theory, after every five waves, a three-wave pullback follows!
Well, seems like Ripple is trading now in that big and deep (A)-(B)-(C) correction for 2018 and probably even for 2019, ideally back to around previous...
Hello Traders,
2019 might be positive for BITCOIN if price brakes 9500 to 10300 strong resistance zone.
In short term prospective BTCUSD consolidates on 8000 level, I am expecting BTCUSD trading on final leg this corrective pattern. 6500 level act as strong support.
My entry points on Coming weeks:
Side : LONG
BUY @ 6500 -- StopLoss @ 5000 -- TakeProfit @ 9500
Hello Traders,
Over all around world Equity markets are Gained some percentage in 2019, Nifty also gained nearly 15% from low of this year. But we looking in the medium term pattern Nifty in ABC corrective pattern.
This ABC corrective pattern reaches its saturation point as per my point of view. I am looking for 12230 to 12250 level act as strong resistance and...
Hello Traders,
From starting of 2019 we can clearly see equity markets around the world gained some percentage. As my point of view equity markets fell to sideways to downside on coming months.
As per my wave analysis S&P 500 trading on corrective ABC pattern. i am looking for reversal should happen @ 2920 to 2930 resistance zone.
My entry for Coming weeks:
...
The corrective structure indicated in blue above shows that we can expect a reversal on NZDJPY at any point now. The possibility of wave 3 going lower does exist but ultimately there should be strong upside to come.
