elliotwaveretracement

short at 0.772 two ways to close this trade,1:monthly close line above 0.772 or 0.793 be broken if u guys want a good price to short u can wait dxy down to 97.8(eur=1.097) extreme 96.5 eur=1.035-1.04

S&R level and Fib retracement levels come together to support the idea of a Butterfly pattern forming on the 4hr chart. You can either wait till it hits either of the targets to sell the regression or you can ride the wave up after it breaks the 113.928 price which appears to be quite important here. Setup 1: Entry: Long at 113.969 TP: 115.404 or 116.168 SL: ...

On Friday we traded the final leg move down in this 5 wave structure. We should now expect a retracement would could be signalled by the inverted head and shoulders forming. We are already in a BUY position and will look to add to it on a break and re trace of the neckline.

I think that the formation 1-2-3-4-5 is finished and the Gold need a NEW SUPPORT for the next Elliot wave. I give you two possibilities for this support point: 1282 and 1278. If in the top rigtht now appear lateral formation, the correction will be 50% of the 1-2-3-4-5 wave. But if in the top right now don´t appear lateral formation, the correction will be 68% ...

Excellant R:R trade now. We believe wave B has been formed and are now looking to trade wave C. Hourly pin bar is forming now and with stochastics crossing over in an oversold area, a push higher could be imminent...The move down has run out of steam it seems. Please wait for this hourly candle to close to confirm the presence of a pin bar. Money management is the ...

As we discussed in our previous post on this pair, we are expecting wave 4 counter trend wave to start and it appears we have had the first impulsive wave move. This means we can look to enter long on a retracement of this move... Very nice Risk to reward as well. Wait for a trade confirmation before entry (Candlestick pattern, RSI or stochastics)

Positive divergence and oversold. Price likely to rise especially due to DXY high chance of pullback. Buy the breakout or at 1247. TP 1299. SL 1229

USDJPY has recently broken the descending trendline on higher time frames telling me this price is at the beginning of a bullish run. We do however expect there to be a substantial pull back which will allow the more aggressive traders to take a sell position around 103.600 on a re test of the neckline of the head and shoulder reversal formation. The conservative ...

We are still in a long position that has been carried throughout the week. If an (e) wave has just formed then we are likely to see a bounce off the lower channel trendline. This is a riskier trade so a small lot size should be taken if you are opening a trade now...

We are shorting here and again if the price reaches the 61.8 fib retracement of 5th waves first Bearish impulse wave

FOMC meeting has caused USD weakenss which caused the completion of wave 4. Wave 5 could unveil from here so shorting this pair is a logical idea

A nice motive phase was completed followed by the current corrective phase. It appears we may have formed a C point of the ABC corrective phase, at the 123.60 fib extension levels.

It's likely to have a long flat correction in wave (4).

I've got four longs so far and I'm going to open the next one during the current correction.

We've got a bullish impulse in wave (i), so there's an opportunity to see another upward wave soon.

There's a possible diagonal triangle in wave 5. If we see a pullback from the MA, there'll be an opportunity to have another decline.

We are probably in the 4th wave of a 5 wave structure. Therefore the price will retrace to the calculated confluence zone to end its internal subdivision ( wave C ).

This pair has completed a 5 wave moved downwards and is now in a corrective structure. It is a possible a flat (3-3-5) stucture has completed which may give us a chance to go short on a break of the ascending counter trend line. Alternatively, we could see the price from point C and re test the back end of the trendline. Decent Bullish doji's are forming so I am ...