The Bars pattern you see is taken from Audchf. Just pointing out that I think AJ did a 5 wave up, then it did 3 waves (which looks like it is a 5 wave because it is breaking the low but it is very corrective and could just be about to go on a "C" wave.) That is the 200MA on weekly. (Refer to WTI crudes recent pattern for comparison on concept) It is in a downtrend...
1 hr bottomed out. 4 hr showing more room down. Has the look of an expanded flat. It measures to sell down in a 3 wave correction. I would look for shorts on smaller corrections until something changes.
EA seems to still be in correction from its diagonal. We have a 5-3, will we get another 5 for a flat? Keep in mind it did not quite break high or make it into the zone. Doesn't have to but can. Notice TDI topped out.
Gcad broke mt trend fib box for the 7 swing but still came off the 1.618 extension so it still be doing the same pattern. You see that the daily is turned up. Just basically looking for more of a correction here, maybe a flat pattern... I'm in sell on cadchf, will post in a moment.
Cadjpy was good for about 50 pips off the level I circled. At this point I am not interested in selling it, although it can pull down at anytime. I am just paying attention to it at the trend line and also the level I have marked, anticipating a breakout and then possibly a larger running flat pattern. Not saying it can't be shorted, just not a setup I want to try...
#BTC 12h The market continues to go sideways, despite the recent bullish divergence. The relevance of the positive scenario is strengthened by the formation of a possible reversal pattern of diamonds, as well as overcoming the resistance of the recent downward trend. But just do not forget about the earlier crossing of the MA50 and MA200, in this situation a...
Hi there, DXY is about to complete the bearish wave the wave we were looking for on 4hr time frame for downside. Big players are getting ready for reversal on USD for 2018. Last week closed strong bearish on DXY and strong Bullish on EURUSD. We believe that DXY and EUR will not go far away as they have already moved a lot so reversal is on the card very soon if...
#BTC 3d If we consider variants of similar fractals, then looking at the BTC chart starting from 2013, you can see that there is a chance to repeat the move in the yellow rectangle. This scenario was published as early as April 22nd, and by the current moment the market follows this analysis.
#BTC On a close examination, it is possible that the price of Bitcoin remains within the levels of Fib 0.618-0.786. Now we can very long oscillate around the level of 8200 and below, forming a flat (lateral movement). But against this background, the lion's share of the alts should show positive trading opportunities, the quieter the BTC movements, the more...
Pattern and volume indicating gaining strenght of bull side.
EURUSD is forming trianggle, now we predicted the wave C of trianggle was ended. There formed ABCD pattern also. I recommend to open buy now @ 1.1588 with invalidation if break lower line trianggle.
AU looks like it wants to make a flat pattern and break the high. Keep in mind all the fibonacci lines up right below where it is coming off so it can make one more small move down to the 78% fib.
There is nothing that look good about the BCH/BTC chart. Technically the MACD and sRSI have buy signals, but I am still waiting on lower prices, or a confirmed reversal to open a trade on this one. I am watching it for an opportunity to trade, but I do not see one yet. Sure this might be the bottom, but I would rather wait and know it is before opening a...
GBPNZD running flat appears to be done and coiled to move higher but time will tell.
Right time to waiting for...flat now.
I am rethinking my strategy and targets ( ) as volume has been disappointing. we can see that 6300$ is a very tough resistance to break. We had 2 wicks through it but never closed above it. why 6300 region is tough barrier to break: - Tenkan 1D - Kijun 12H - 0.5 fib retrace why 6300 might break: - have been poked 5 times in 1H, which makes it weaker - 12H...