Hello traders! Today we will talk about metals, specifically Copper. Metals are in a big rally and everyone is looking for a potential resistance, especially on Gold and Silver! But, Gold and Silver are quite unclear at this stage and it's hard to predict, where are they going to stop, so in our opinion, it's always good to take a look at correlated markets and...
NZDCAD is currently setting up for nice downside. Great RvR right here. Bearish Impulse Awaiting...
I was able to spot a W,X,Y pattern early on USD/CAD, Right now it's finishing off the (b) correction on the (X) wave. Im hoping for it to retrace to the .618 as I find the X wave to commonly retraces to that spot. After the X wave is complete, I'm hoping for the Y wave to finish up on the major trend line holding as support starting from September 2017. The Y wave...
With the break of the current resistance, USDZAR is set for 15.50 and a possible 17 later this year! The light blue structure indicates a possible formation which will delay the rally but will still be of bullish nature and have the same end result.
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BA Is in the consolidation and after it's finished i expect a up move to break the top.
Hello traders, USDCAD made a very strong up impulse and broke the trendline. As you can see USDCAD is making correction above the trendline. There is high probability chance for breaking the top again and this is the reason why i'm looking for buy on this pair. I'm expecting completion of the bigger daily running flat. Wait for complete correction and then take...
After a strong impulsive wave up GBPAUD has been moving very correctively down. If price does make it down to .8000 handle will be looking to go long. Until then will consider getting in if we start to see bulls enter market and break north.
The price formed double top at fibo 1.618 level, created zig zag. B leg in larger degree is above invalidation level, which tells me that this pair could be bulish up to complete running flat in following days...
Since the end of December we have had a big corrective structure which is almost coming to an end. Currently we see a small flag on the H4 to the downside but it is not really tradable because the upside is just around the corner. We will see a turning point around the 3300 area if not before. This will give us at least 12% in gains but maybe even up to 25% in...
Complex correction pattern. Possible WXYXZ pattern... Long around 2.72 area.
Long term bulish zig zag formation. Leg A has 5 subwaves, so expecting is that C leg would also form into 5 waves. In following days price would consolidate around 0.38 of fibo retrace, and price should going up.
CHFJPY has been moving correctively for some time. For now ignoring any short plays. Wanting to catch the next wave up. Here are two options. 1- Wait for price to aggressively break out from where it is currently and wait for smaller TF correction before entering. 2- Hold out for another move down and get in after price breaks the lows.
All the good news is out. Prices pierced and fell back to TL. Price at 0.62 Fibo now. Sand P also at Fibo just a hair above 2700. Bear flag flying at tip of pennant. Can it get higher? Of course! 'Pumptards' are capable of infinitely irrational behavior. But will it? That is the question, to be or not to be more! IMO not to be more. Just an idea; the .62 Fibo...
NZDUSD looks like it's creating a correction flag on the H4. H1 even clearer flag which should fall in line with the 50 / 61.8% Fib landing levels for bullish reversal.
Will be on the lookout for shorts on USDCAD. Get ready for the next wave down. Just ignore if price continues to correct higher. Price could continue to correct for much longer, but so long as it does that will not change the overall bearish outlook. Trade with care my friends :)
Hello traders! We see quite clear and interesting pattern on GBPCAD. Looking at the daily chart, we can see a clear A-B-C corrective structure with a triangle in wave B, especially after that sharp and impulsive decline and this is the first reason why we are bearish. Looking at the hourly chart, we can see a five-wave drop away from that C at 1.7500 level,...