I see this pullback as a larger ABC correction. I believe we've more-than-likely just completed a of (B) and will start retracing soon. Alternatively, if the previous weekly open successfully holds as support on a retest of $8 590, there could potentially be one last blow-off to around $8 900 before taking all liquidity at once and screwing longs....
Hello guys, there's a possibiblity that the Yen just completed a flat pattern for continuation to the upside. So waiting for a flag or a nice entry level on lower timeframe is a good idea.
Please leave a like so other members may see this post.
Thanks and trade with care.
We have a potential long setup her here on NZDJPY. For an aggressive entry, one can look to buy on the 61% retrace with a LIMIT order. For a more conservative entry, one can look to buy with a STOP order once the 15Min correction breaks higher.
BIAS: Expanding Flat
PAZ: Daily Order Block
Reversal Pattern: 01
We have been blindsided some with a corrective deeper structure in technicals on price due to the uncertainty currently in the market. Don't be overwhelmed with your assets. Cardano's best days are ahead and I have no doubt we will see a bright future with ada if you just stick with the growth in the coming 10 years. Thats right...I said it...10 years...we have a...
After the strong impulse up (at a key level of support) the bulls are showing signs of strength.
Price is currently in a corrective phase, so will only be looking for short-term longs at this time.
Trade with care! :)
GA is right between the 800MA (Blue) and 200MA (red). It came off the 800 turned down. If it was to make an expanded flat here, that would be a lot of pips to the downside to break trend line. It seems to measure out to do that. Keep in mind the time frame and the pair. Plus the speculative nature of this analysis. Also the complications and time span of complex "B" waves.
Dear Crypto maniacs, crypto friends, crypto moon lambo wannabe,
after a sequel of several drops and a back drop into the mud BTC is giving some signs of resurrection. (at least temporary)
Big increase of volume and strong uptrend are sign for a possible temporary reversal.
We expect 5 impulse waves up to the range of the channel (major) the a possible down drop...
The high at 19,697 closed the 5-5-5 sequence ending primary wave (3) advance impulsive wave paving the way for a major correction. Wave (4) has since begun a counter-trend decline, taking the form of an expanding flat pattern, labeled (a) – (b) – (c), although the bigger corrective structure seems incomplete with the patterns projecting further...
EURAUD is in correction since 01.06.2017, and this is an attempt to identify the patterns in order to understand the bigger corrective structure of the 4th (4 circle) corrective wave.
We need some more info which would make the analysis more accurate but taking some standards into account, we can build a trading plan.
Looking inside at the potential...
GBPAUD has been in a corrective structure since 26.10.2016 probably coming to an end, followed by the last 5th wave completing, in the bigger picture, an expanding flat pattern.
-On the main trend 1-5 (circle), 1st motive wave has ended at 1.91858. The main trend has perforce ended there as it could not have been another wave count which didn't violate...
Hi Guys, amazing setup is developing on USDJPY first i thought running flat is all correction but turns out to be expanding flat, I'm ready for sells when it breaks top of A leg of correction, you can buy short term to the break of top of A or beyond because its expanding one it will go beyond top of a leg.
USOIL corrective structure A-B-C (circle) since 09.06.2016 is close to ending, after a last drop, when C-wave (circle) completes as an expanding ending diagonal.
A-B-C (circle) possible expanding flat corrective structure pattern.
1- Wave-A (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 39.23
2 - Wave-B (circle) developed...
Price is currently approaching the a key area between 0.7145 to 0.7220 where we have the following confluences -
1) A potential completion of an expanding flat structure
2) A potential completion of a shark pattern
3) A RSI divergence formed
All these gave us the opportunity to look for a potential reversal to the downside on the Kiwi.
What are your views on NZDUSD?