NZD/USD is still in sell correction face, but complex correction can occur, or a simple correction. Let the market give a clear move next week. According to the ELLIOT WAVES RULES after an impulse you expect correction
I will be considering a sell when the 1HR closes. The market must trade through the current 1HR Low for a validated entry. The market is reacting beautifully to the 2.01000 level with rejection. Also the 20EMA/50MA are in a confirmed downtrend. I will be taking this trade into new lows as a target.
So as we spoke about previously we can look for; 1) Retracements within downtrends for RE short entries. 2) price channels to reflect natural market moves. Use both and you will comfortably trade alongside markets.
SUGAR RAWUSD Bearish trend forming for Sugar Commodity We are seeing a Elliot 5 pattern way theory occurring as well on the 2-3 hour charts. But most importantly sugar is spiraling down towards a major support level. Clearly the uptrend has broken it's trend line with a fake cat bounce/retest making it definite the reversal has occurred. FIB LEVELS also...
Hey Traders, If you are wondering where to RE short in trend on USDJPY, then you'll need to look for a few things. These factors aid you in RE shorting USDJPY. Watch to learn more about how it's done. Any Qs please post below.
-Weekly, Daily, and 4H are very bullish - Now it is on a strong trendline a - On TDI, there is a Hidden divergence and oversold below 25
Hey Traders, As the AUDUSD moves to the upper side of weaker PA we can look for future zones. Impulsive upside movement has left it open to lower TF shorts. Watch for short and long term perspective. Any Qs drop below.
The price pullback from the support . I think the market will range around1998. My target at resistance 1998. Target2:2010
Strength in CAD more fall for AUD accross most pairs this next Month, new lows
On 3H timeframe: - Bullish trend - Parallel channel formed and broken - Decrement in volume from HH2 to HH5 - Breakout candle with volume but less volume than the one moving back to the upside bars after - Yellow Line acts as support line with significant reactivity from previous observed price action. On 15Min timeframe: - Reaction to demand on HL2, where volume...
Hi everyone! -So the price on USD/JPY is telling us that we are currently in a bullish trend. -USD/JPY have liquidity and imbalances below him so its the most probability that the price is going to grab them before moving up. -Keep that in mind that not every huge poi will hold some of them will hold some of them will not but always ask yourself why did that...
Hey Traders, It's important to note when PA levels give direction. This is something I went over briefly on my stream this London AM session. You can then use this information for future trades because markets tend to repeat over time continuously (buyers and sellers in and out at specific areas for better prices) Watch for more.
Hey Traders, The latest moves in AUDJPY via the weekly chart have showed downwards trending / price channels. That means you can trade naturally. Watch to learn how.
Hello everyone ✌ 🔱The possible trend is indicated on the chart. The desired correction targets are the range of 1943 / 1958. ❎ (DYOR)...⚠⚜ What do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
Hey Traders, Introducing BluetonaFX A warm welcome to all the traders out there using this platform. Although we are new to TradingView, BluetonaFX is a professional group of traders who have over 15 years of experience in FX trading beginning in 2008, the year that heralded the second significant paradigm shift for retail traders after 1996 when retail traders...
USDCAD is trading in a bearish trend on a daily. The price is currently testing a key horizontal resistance. Approaching that, the price formed a head & shoulders pattern on 1H time frame. 1.3522 - 1.353 is its neckline. To short with a confirmation, wait for its bearish breakout (1H candle close below that). Sell aggressively or on a retest then. Goals will...
The Current Market For AUDUSD Is Sideways And Slow. That is because it lacks sentiment and direction and has died. It becomes an advanced scalper market for day traders (if that is you).. Otherwise It is not your job to take large sizes when there is 0 sentiment because you are bored. Let sentiment move in and take you to key PA levels. Then trade.
Nobody needs to be 100% Right to make money. After all, you'll never pinpoint pick prices to the .cent. It's just not how things work. You need to spread yourself out and achieve good prices. That's because ultimately, people liquidate longs and the market slides. Be Ready and use DCA properly.