Hi Traders, I wanted to share this Re-Analysis of a past idea I published. If you want to check it out the past idea is linked to this one. We are still analyzing the corrective structure. In a first beginning it looked like a converging flag and we expected a move up but it went out of structure and now we can identify perfectly that we are getting a corrective...
as with all GBP pairs I believe we will have more upside before the downside. Trade responsibly! :D
I went short yesterday on this pair but got stopped out and now i see a flat correction being made If it closes before the starting point of wave A i will be going long as we are on wave C on the daily chart. When I enter I will update you guys on my comments This is just an idea i do not hold responsible for any losses
Basic flat corrective structure nearing completion!
We are currently in a bullish correction of wave 4 which can be a Flat correction or ZigZag The breakdown of the green line confirms the end of bullish correction of wave 4 . A short entry is possible after the breakdown of that green trend line to the target of wave 5 shown in the pink circle The correction of the current wave 4 can go up to the 2.618 red fibo...
chart explains what I'm looking for, and related idea! Have a good week!
Gold has a sharp decline in the last few months. During the decline there is a sharp correction at October. Now it is more likely a flat correction here. Good luck for everyone!
I personally don't trade this asset but it has devoloped a setup for my strategy. An ABC correction/ Flat has run it's course and we currently have an impulse and a flag to the upside. Byuing the break of the flag looks like a good idea.
Traders! What's up? Lookin' like a textbook flat forming here on GU. I'll be looking to go long next week! I will watch for a break to the downside for an expanded flat, but as of right now it appears to be respecting the lower structure! Setting up for impulse 5! :D Thumbs up if you agree, and comment some feedback! I appreciate you ;) Thanks for checking it...
Hey guys, Here's the other analysis I have been studying. GBPUSD We have broken the daily ABCDE triangle, you can look at my past analysis linked to this idea. Now we have a new downtrend impulse so we want to look for a sell. We may have an expanded flat already over at the 0.382 Fibo and then we can trade the next flag or we could still have a zigzag...
Hi Folks, One more analysis. I really have my hopes into this trade, working with a buy limit order. We have a past eliott motive wave (12345) followed by a perfect ABC ZigZag correction since it is formed by two "threes" and a "five". At the end by -C- point we have a small extended flat followed by a downtrend channel consolidation. My final prediciton is...
Watching, and waiting. Let's see what happens! Happy new year everyone!
Ya'll already know I'm shorting the shizz out of UC. Trying to sell from the top. Looking to place a sell when we get to the top of the D structure! Happy Holidays, be blessed and trade responsibly ;)
Looks line an expanded flat correction completed or nearing completion here. This could be monster move down with great R/R. I've closed 100 pips on Friday close and I'm only looking for short set ups on this pair! Give me a thumbs up if you like the idea and leave me some comments on what you are thinking! :D *if you're new trader do not trade my set ups or...
Price has started into a correction. Appears to be making an expanded flat combo, to me at least! Traders, what do you think? If you think it's a good Idea give me a thumbs up, and as always I appreciate comments! :D
This is another possible scenario. As wave 4 with large correction has not been seen yet then we have enough room to reach the top and that means Flat Correction...Big! Range 125.86-98.78 is in play then.
On the very last piece of data we have, It's currently in a correction for more down. Like if you agree with our analysis and comment if you have alternative in mind. Thank you.