AUDUSD will have a retest of support area where AUDUSD last consolidated. I am keeping my eye on this area due to the potential move in the near future. The chart i am looking at is the weekly , so this will take time to play out.
Watch as I explain some basic Elliot Wave Concepts of Corrective Formations and anticipating the next waves. I Also breaks down the idea of an IF-Then-Thought-Process using Elliot Wave and reacting to price.
EURJPY still moving as expected, lower. A pullback has occurred but looks like a strong ZIGZAG. Time will tell be patient and trade on.
Compared EURUSD to DXY(dollar index). DXY is showing one more potential decline and with this being inline with my EURUSD analysis ,this would appear so.
Watching oil, and the play out.
DXY is showing and inline with all of the cross pairs, one more push lower.
AUDNZD still in bigger correction pattern but looking to play upside to test longer term resistance.
EURJPY is still trending downward and I am still holding position. still watching the 128.50 area for reversal. This area I will be looking to flip my position.
EURJPY finally broke wedge pattern after multiple attempts. currently looking at the 128.50 level as first exit zone.
Cup and Handle pattern taking shape and almost complete. All that is left for completion is a break out of neckline. This big move will reap hundreds of pips and you herd it here!
Every great consolidation has a trend in the end.
Too long, did not watch? BTC down to low 7K to complete fourth wave of third cycle before heading to 75K. Ladies and gentlemen, If you’re anything like me, you love super combos, specially those that end with an uppercut where your opponent is sent to their fiery death and you get a perfect finish KO as the crowd go wild. But you probably aren’t like me and...
Good day ladies and gents, I'm going to leave this idea here as I will update it when we get closer to our trade zone. Likely we'll see this support for the push in the third wave. Big release coming up in June so we shouldn't discount higher price action in the mid to long term. The lower this goes, the better the discount gets. Found this idea to be...
Ladies and gentlemen, let's take a look at this beast. Entries: 1/3 at .0385, 1/3 ether at 10% profit from first or .035, last third will be at the 4th wave retrace Stop: below .034 Target: 0.135 Risk / reward ratio: 1:20 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay...
Hey, hey, Hey! How are you everyone? After a month or so we have seen a very nice and strong push up on some cryptocurrencies. EOSUSD moved very nice since last update and it appears that there can be more gains ahead. I am watching levels around 14-15. BTCUSD also recovered nicely recently, and more upside can be seen, either after a flat or after zigzag based...