Bit of a ride with the USD lately, but with USDCAD now taking direction more from DXY/USDOLLAR than from OIL, this helps me understand whether there's only scalping opportunities ahead or if there's a more complex short coming up. Looking to a re-test of 12500-12510 (USDOLLAR) before we see what's next on the agenda.
Market Analysis: Now the market is trading near the support levels. IF the support levels holds on we can expect a uptrend soon to the resistance zone. Once that's broken next to the possible resistance level. So lets wait and see what the market does in the coming days. Cheers!
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Event of equal wave 1 and wave 5 points to turn into major wave 4 with target 90ish
You must know Elliott Wave Theory. Information about it abounds. Fractals create complete unambiguous event driven prognosis. Take the time to get a grip and don't look back. Its for free, all over the web.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Scalping in the zone short. In line with my idea about EURUSD.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
Copper has also been rejected simultaneously. While this a weekly chart and a long term play, I expect the profits to substantial. Especially if the market admits a recession.
Hello Traders, The US DOLLAR, which is a basket of major currencies weighed against the USD, is showing signs of weakness after an explosive move to the upside. Here we have 3 potential targets. The first target, and highest probability target, is Geo's Off-Set Rule #3 at point 3, followed by Geo's Off-Set Rule #2 at point 4, and finally the 1-4 target line....
Strong divergence on 15M and 1H charts. Price outside 800 period BB. FOMC expected to signal potential rate hike in December. Risk = election, Trump win, political uncertainty ahead of election.
"it`s been a long time as we`re coming" & "theres no turning back now ..." (www.youtube.com) as the blues - under the clintons (with their fake code red policy) takin over the US - after the cold war! By the way, paint it on the wall , if u don`t wanna buying it ;) After Bush junior and Obama, meanwhile Trump will be right red president, with the best result...
So guys, when you hear someone talking about patterns that repeat itself, this is usually what they mean. Can you see that similarity between those two cycles? Sure you do :) I am expecting this last leg to end at the TL and the 1,414 to 1,618 Fib extension area. Like if you agree, Follow and support!
Hi, Guys. Last DXY shorts bring us great profits, depends on how you managed your trades. I closed all shorts just before ECB meeting, right on Time, because I needed GOLD to drop and had a feeling ECB can give some strenght to USD. Dxy formed a 4th Slope by new degree count. I used that to reload shorts, overall 25k running. This is a strategy test, so be...
Hello Traders, This is an update from my last post in the Daily Time Frame posted 6 months ago (related link). At the end of 11/25/2016 NZDUSD created a BULLISH Wolfe Wave negating further decline. Whenever there is a Wolfe Wave pointing in the opposite direction it cannot be ignored and often times negates the Wolfe Wave that came before it. In this case, I...