The left chart shows FXCM's JPY index, the JPYBASKET, challenging its black 20-day SMA. The SMA is also hinting that it might turn up. At the same time the daily RSI is looking to move above 50 (blue rectangle), which is indicative that an underlying bullish momentum might be building. The right chart shows the hourly time frame. We note that the hourly RSI is...
Hello again guys
Our last analysis about fifth wave of 4 exactly done
In new analysis we can say we have a Terminal wave and we expect that fifth wave does not exceed the desire range
Put SL one dollar lower than lower price of Wave 4 that shown on chart
Enjoy your profit
Bingoooooo
We can say we have flat pattern of abc wave
We have 2 abc in AB Correction wave and we expect that C wave that can have 5 wave
But dont forget stop loss guys
Today we take a good look at EURGBP and see what kind of potential opportunities there are for us traders. I utilize more of Fibonacci retracements, Fibonacci extensions, oscillators, divergence, demand/supply and a bit of Elliott Wave theory to pick these setups.
Please tell me your thoughts and I'll do my best to reply everyone! We will be doing video analysis...
EURO ; The H&S Pattern seems to have been formed in British Pound parity. I think it is a new wave of decline is on the way. Again with a downward breakout, possible the Bat Pattern d's leg{bullish} and H&S's target zone-height{h}; our support zone and our possible area.
Good luck!
Hello guys
I hope you get some profit from the market during this time
Due to the previous structure inside my plate, with this drop we have to change the wave count and now we are in wave C, which is forming
Above we see the hourly chart of FXCM's EMBasket, which has bounced off its S3 pivot and been heading upwards since. It is currently tackling resistance at its S1 pivot level. It it breaks through than the next level of overhead resistance may be at the central pivot (P). In assessing if the current price action is a correction in a largely down move we are...
Further to our previous article , the JPYBASKET broke out of its flag formation and headed towards the pattern's target. This, as risk-off sentiment dominates markets and safe havens, like the JPY, benefit. However, it is worth noting that the RSI has pushed down from the 80 level (blue rectangle) in a pattern referred to as a RSI failure swing top. The failure...
As you can see, using the fractal, everything clearly shows itself
its so hard to predict this time frame chart
But according to past chart and the fractal , our make the closest prediction chart for the future
WE know we have a great win rate with Stocks and Futures using our Breakout Intelligent Trading Signals Indicator (B.I.T.S)
Now using the FXCM feed for forex we are able to trial our B.I.T.S indicator with forex pairs as they provide volume .
Volume and price action are a key component to our B.I.T.S Indicator for TradingView with proximity to our special Points...
WE know we have a great win rate with Stocks and Futures using our Breakout Intelligent Trading Signals Indicator (B.I.T.S)
Now using the FXCM feed for forex we are able to trial our B.I.T.S indicator with forex pairs as they provide volume.
Volume and price action are a key component to our B.I.T.S Indicator for TradingView with proximity to our special Points...
