AB=CD Fibo 61.8 Trendline Resistance Good Luck!
Hello Traders USD/JPY Price is holding between .50 and 61.8 Fibonacci level. Middle line of the channel and 200 SMA are acting as strong support level. I think price will .618 level @ 107.451 and then will reverse. RSI and Stochastic are oversold . If Market holds .618 level and reverse to the upside profit targets will be between 109.00 and 111.00
Hello Traders, I was doing some wave counting in the 4 hour chart GBP/USD and notice we are currently in the last corrective wave of an expanded flat pattern (Wave C). According to Elliot Wave Fibonacci guidelines wave C retracing points are 1.236(already broken) and 1.618 where it's getting close. RSI & Stochastic are showing some divergence on 1 hour chart as...
Hello Traders, just like i predicted last week USD/CAD bearish after hitting triangle resistant and breaking out ending diagonal support level, today the market is forming it's 5 wave cycle downtrend, currently on its longest wave (wave 3) . We expect at least another 100 pips to the downside after market makes another major correction. so far market is bearish...
Hey Guys, GBP/USD Just break out resistance channel level in a 4 hour chart for which indicates bearish trend is over. i would go long after market pullback occur
Hello Traders. GBP/USD had some nice uptrend move last night during the Asian session. it looks like we are in an impulse wave right now(wave 3) and my confirmation will be a breakout to the resistance acceleration channel. Since we are on 4 hour chart i can expect wave 3 to develop on subwaves (i,ii,iii,iv,v )
Based on our indicator, EURJPY very soon will start it's downtrend and we should get ready for huge profit. Daily, H4, and H1 are ready to sell All the details are written on the chart. Best Wishes
What are your thoughts? Where do you think price will break?. Bullish or Bearish? I go for A A (Bullish )option 1: triangle shape on wave 4 B (Bearish)option 2: Triangle shape on wave b C(Bearish)Option 3: not triangle, instead an ending diagonal as wave 5
Hello everyone today i'm updating my chart analysis on usd/cad pair. Market just hit 38.2 % retracement level of wave 3 which may indicate the end of wave 4 and the beginning on wave 5. if my analysis is right market will drop to triangle support level @ 1.38500 or even lower to 1.3790
According to my wave count we are at the beginning of the 3rd impulsive wave (longest wave) which target will be reached tomorrow during the US session.
Hello Traders, today i'm just posting an update from yesterday's chart analysis on USD/CAD. We are still on a downtrend and getting closer to key level supports where i think market is gonna reverse. what i can see on the 1 hour chart is a Possible Zigzag Correction, currently on it's last wave formation (C) but it's too early to really predict if in fact this is...
USD/CAD price is on a triangle pattern right now on a daily chart. however on a 1 hour chart we can see diagonal pattern (either leading or ending) getting close to the triangle top resistance level. RSI and Stochastic are showing an strong divergence indicating a possible trend reversal. I have a pending sell order right now with stop loss and take profits as...
We are currently on a downtrend, and of course as a trader i want the wind on my back. I set up pending sell order @1.2272 with a stop loss of about 50 pips and profit of 150 pips. Let's see if my wave count works
GOlD shakes on 7 year old zone and I think it is going to pullback. It`s not a signal. It`s only an idea. Don`t follow anyone blindly. It s my first time publishing idea. Sorry for bad English. Thank you.
GBPUSD broke out from the bullish channel it was in last month this could indicate that GBPUSD has stopped the bullish advance for now and could retest the 1.27 level My guess is that there will be a slight pullback(a lower high) in the next couple of days which would mean a change in the trend and the start of a possible turn to the downside Look for a swing...
Monero looking like it could be reversing on 1 hour and 4 hour chart, daily still indecisive. Would be an early risky buy now but as you can see from my expert analysis with my arrow, it could be a good long if you enjoy torture and hot dogs with ketchup instead of mustard. Feel free to mock me if it goes lower