Price action and chart pattern trading setup: > A possible symmetrical triangle 4-wave breakout now a C-wave uptrend resistance SMMA50W - +25-30% upside triangle target (RECOMMEND SHORT ENTRY POSITION) > Entry @ A pullback trade entry could be possible at EMA10W support > Stoploss @ lower support B position -15% downside > Risk reward ratio: 2.5:1 Always trade...
Aussie Dollar AnalysisRBA appears less hawkish after shock 25 bps hike in OctoberDiverging pace of future rate hikes may leave AUD susceptible to the downside into year endAUD/NZD, AUD/USD price action setups analyzedRBA Appears Less Hawkish after Shock 25 Bps Hike in OctoberThe RBA shocked markets on the 4th of October when it decided to hike the target cash rate...
A difficult chart to label. On an linear scale it looks like an expanding ending diagonal, BUT on a logarithmic scale it looks like a contracting ending diagonal. I chose the latter, even though it, in theory, violates the rule (the first wave is shorter than wave 3). Still, the rule is not violated on the linear scale. It's also possible the move is an impulse...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. The way I told you, you have to trade like this and you will...
Price action and chart pattern trading: > A possible ABC downtrend correction scenario with a upcoming fake breakout head & shoulders formation > Key dynamic resistance EMA50W and EMA160W > S Entry @ EMA50W and downtrend upper resistance zone > TP1 @ 0.786 fibo extension +35% > TP2 @ 1.0 fibo head & shoulders target +45% > SL @ B-wave head position -15% > Risk...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Price action and chart pattern trading setup > A possible bullish uptrend ABC scenario with complex inverse head & shoulders pattern with SMMA50D as its neckline BREAKOUT! > The candlestick pattern is consolidating just above the breakout area which possibly retest its neckline next week before price push higher. > Entry @ B1: PULLBACK retesting neckline within...
Price action and chart pattern trading setup: > A possible downtrend A-wave reversal zone at the 5-wave uptrend Head & Shoulders target > Now breakout downtrend 5-wave channel and developing an Inverse Head & Shoulders reversal pattern below SMMA200D zone. > If breakout successfully, A possible scenario for long entry, we could wait for price to retest its...
Price action and chart pattern trading setup: > A possible A-wave correction zone at 0.618 fib retracement from previous 5-wave uptrend as well as the head & shoulders target with a bullish divergence RSI indicator in weekly timeframe which is showing a strong reversal signal. > In daily timeframe, the price breakout SMA20 with a small double bottom pattern and...
#USDJPY - USDJPY is currently BUYing. The reason for that is that with US ECONOMIC DATA being POSITIVE, UJ was BUY very well until last week. And FED UPDATES were very POSITIVE. Another major reason was that the dollar continued to strengthen after last Friday's LABOR DATA. So JPY went down automatically in previous days. But with the intervention of the...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is because MARKET RISK is ON, STOCKS and COMMODITIES MARKETS are now slightly UP. It is heavily influenced by the Australian dollar. - It is definitely possible...
March 2020 Lows to Nov. 2021 Highs 50% Fib retracement hit couldn't be more perfect!
PEPPERSTONE:CADCHF TRADE PLAN Instrument: CADCHF Timeframe: DAILY Entries: As indicated in the Price Chart Exits: As indicated in the chart Disclaimer: Charts are Educational, NOT Trading Recommendatio
Price action and chart pattern medium term outlook on weekly timeframe > Wave Pattern - ABC correction after completing 3-wave 1.618 extension of 1-wave within the C leg, now taking a detour uptrend 4-wave estimated 0.382 - 0.5 retracement between 95 - 100 USD. The final target downtrend price could be about MA200W and Head & Shoulders target zone at 60++ USD as...
Yesterday, Tesla extended a new low slightly below the previous one. Tesla is now at $205.37, clearing the way for the Alternative Count. Thus, we can assume that we saw the overriding in November 2021 and have been in a correction since then. Typical for the wave is a correction at least below the 0.618 retracement. Also common for the type of correction,...
Price action and chart pattern trading > Now the price reaches the downtrend at 0.786 retracement and T1 Head and shoulders target with a hammer candlestick, followed by a doji. > The candlestick pattern is consolidating within the downtrend ABC correction and starting to squeeze under the upper resistance. > A possible breakout scenario for long entry, we could...