Ending diagonals are signaling a trend reversal. I wouldn't believe that PRO and TOP players %200, %300 anticipations for a while if I were you! Take caution. goo.gl
Hello Traders, I anticipate for long GBPCAD I will be honored to have your reflection on my analysis. Thank you.
I got back in this considering how it consolidated and basically made a flag for a buy. The level we want to see it break is that green line right above it. Probably at least a scalp to 9.600, possibly much more, I would look for it to break trend line and at least form a rectangular channel. My TP 1 is 9.61279, TP 2 9.6949
These are the 2 scenarios scenarios I see. Looking for them to scare or take out sellers if they are going to continue down
The US Dollar has been falling since the start of 2017, and even for most of January in 2018. Many banks are calling for a continue weakening in the US Dollar for the rest of 2018, riding on the down trend established since last year. However, our analysis tells us otherwise. While we currently still do not have a fundamental catalyst to tilt the Dollar to the...
BTC APPEARS TO HAVE FORMED AT THIS POINT A DESCENDING TRIANGLE AND IS LIKELY TO HAVE ENDED THE WORST OF THE CORRECTION UPON BREAKING OUT OF THE TRIANGLE. 8727 RANGE IS THE MOST LIKELY PRICE LEVEL FOR SUPPORT TO RESULT IN AN TREND REVERSAL.
We have a rather bullish meeting minutes from the European Central Bank (ECB) last week, but as long as ECB maintains its easing policies, upside on the Euro may be limited. Combining with the technical aspects on the chart, we are seeing an ending diagonal structure forming, with a divergence on RSI as well. Adding on, we do see price hit the minimum expected...
After the first official trading week of 2018, activities in the market are starting to pick up, and we are seeing volatility coming back. We are seeing an ideal technical setup on AUD/USD. In addition, we do have the US Core CPI and Core Retail Sales data coming in on Friday. The release of these economic data might act as a potential catalyst to strengthen...
Price is currently forming a diagonal structure (wedge) on the H4 timeframe. This gives us a bearish bias in the immediate term. However, we are still expecting price to eventually head higher, at least for another swing towards the previous trend line around the 1271 - 1279 area. Perhaps from there, we might see more selling pressure for a long term short trade....
Traders, EURAUD has gone "too far too fast", so as for an Ending Diagonal to be in play with its fifth wave ending in a "throw over". Price broke the ii.- v. line with a sharp spike, and started correcting, unfolding into a Zig-Zag labeled in minuette degree, a. - b. - c. Looking for further drop, after price reach possible reversal zones at 1.57000(+/-) where...
From the looks of it the pair has completed an Expanding Diagonal, therefore I expect a deeper correction to occur if the pair is to continue moving higher up. On the Weekly TF we also have a rather strong Bearish Divergence which is why that could be signalling a deep pullback in the making. My personal details: Potential Short @ E: 134.50, SL: 135.30, TP1:...
Price has hit the minimum expectation zone between 1.5546 to 1.5724 area, forming a diagonal structure with divergence formed on the RSI. These provide us with a good conviction to look for a short trade targeting 1.5250 area, giving us a total of 300 pips potential. Disclaimer - this is not a trade call. Make sure you understand the risk before trading.
It's time to call it bottom. Bulls have some fun (: AUDJPY is forming a diagonal at the end of the impulse, possible next move is on the up side.
Very similar to the setup on AUDJPY, we are seeing a diagonal structure with divergence formed. Will price reverse and hit the 0.7620 target?
Price is forming a diagonal pattern, with a divergence formed. Will we see a reversal to the upside soon?
We cannot say with certainty that the pair will be completing the 5th wave of the Ending Diagonal formation. The possibility exists that it could shoot down from the price it's currently found at. In my opinion, with how structure works it should make the last wave up, breaking the 1.172x level before the downside begins. Looking at the bigger picture, the Weekly...