Here on EURNZD we have a trade setup forming inside our corrective structure. This setup is only valid if price does not break out of the bigger corrective structure. Good luck to you all
Looking for a quick play during London open and a re-test of the lows in this corrective structure. Not shooting for any extended targets though since we are at a solid support level and have not had a healthy retracement on the 4 hour chart yet. Once we have that I think we will break through 1,7050 and see lower prices, down towards 1,6950 initially.
Hi 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...
Buy the breakout of the blue resistance line
Sell in case of the breakdown of the blue support
Flat WXY Corrective structure is supposed to be in progress
There 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...
The price action on both the higher time frames and the 1 hour chart speak of a possible sell off once London opens up. Small and well defined corrective structures on the 1 hour chart like this often are followed by a strong move once the order flow and liquidity re-enters the market. Let's see if it manifests.
1.65 is a good initial target area and if that...
Update from my understanding of Wave Principle! Looks like a combo corrective structure that went from a flat to a zig-zag! Waiting for a good place to jump in long! Will keep it updated! Trade responsibly! ;0
Hey 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...
Ideal Bullish AB=CD Pattern " Shown by the corrective structure WXY "
Emerging Bullish Bat Pattern
Corrective Bearish Elliot Wave 4 maybe ending to resume the up trend of the bullish Wave 5
Hi Every one,
USD.CAD chart we can clearly see ABC corrective structure. On intraday basis we can expect further downside upto 1.2940 level. This level act as possible wave reversal level for this corrective structure.
reversal date 27 / 01 / 2017
Hi Every one,
USD.JPY possible reversal corrective setup is forming. In Intraday basis USD.JPY weakness should continue upto 112.15, we expect possible reversal from 112.15 level.
Possible reversal Date 27 / 01 / 2017
Silver is currently holding its descending channel. At the current moment price is stuck in a corrective structure so we will watch for an impulse to the downside.
