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Correctivestructure

USDCAD WEEKLY OUTLOOK 6 -10 FEB 2017Hi Everyone, Yesterday we got better than expected job numbers, but there is no sign of USD strength. Major pairs are in complex corrective pattern on lower time frames, that is the reason we got some weakness. Coming week what we can expect means, first two days of trading dollar strength. Remaining days weakness we can expect. Usd.Cad move to resistance zone 1.3115 - 1.3144 on first two days of trading. we can enter short on this levels. weekly close i am expecting near to the this week close.
by tdurai84
Elliott Wave OutlookThere is a weekly corrective WXYXZ Pattern forming , and currently , the final wave Z is in progress . Wave Z internal structure is A,B,C : i.e. 5,3,5 The current bullish impulse wave moving in within the green up channel is wave A The breakdown of that green channel could be a sign for a down correction of wave B which can be any three corrective structure like ZigZag , Flat . The breakup of the resistance line of wave B could be a sign for the end of the down correction and a resume of the bullish impulsive wave C to complete Wave Z of the larger corrective pattern WXYXZ from which price may go strongly down
by MohamedMagdy
2
BREAKOUT IN EURUSD - 1H CHARTHey Traders, I brought this idea to my mates in the team. We are going to get a breakout in EURUSD I have been monitoring this corrective structure since the end of December, and it looks like a Leading Diagonal, could break into a slow downtrend move, I don't think it will be a sharp move. Gold seems to be dropping from the corrective structure it's broken already so these two possibilities in EURUSD. 1- Sideways consolidation forming a flag will develop into a breakout. (BLUE ARROWS) 2- Sharp moves up will develop a 5th wave in the Leading Diagonal structure. (RED ARROWS) Either way our big trade is the sell! Hope you like it, Carlos
Short
by ccerezo11
2