Pre-election uncertainty and risk aversion lead to GBP sales and JPY purchases. This can be seen very well in GBPJPY. Ahead of the upcoming elections next week, we expect this pressure to continue. Technically, we have a breakthrough of important support - 135.75. It also turns out to be a neckline and we no longer expect the price to return above it. The...
Hi traders, Intel corporation can be trading in a bullish impulse, up from 2008. We can see completed legs (1), (2) and (3), meaning price activity since the beginning of 2020 can belong a a corrective wave (4). We see sub-wave C of (4) underway, which can look for support at former swing lows, and at Fib. ratio of 50.0 (43.7/42.4 level). trade well, the...
Hi, most of you probably know what a trend is. Here's another opportunity to see how it works. Last week (October 14) EURAUD started its upward movement. After two impulse increases, EURAUD is currently in correction and we expect the next increase. If this trend continues upwards, it must reach at least the previous peak of 1.6802. In case of break, we expect...
WARNING: This is an inverted chart. Be cautious. 1. Impulse + retracement 2. Perfect ABC correction 3. Daily BullDiv confirmation 4. Put a entry market now with 40% position size + 60% when we reach 10.400 USD zone resistance level 5. Putting Stop with new higher highs zone on daily.
Impulse for work intaday and long Long position till end this year (Oct-Nov 2020) Yellow arrow = 10.88 ATR 172 (days) TP1 - 2.02 TP2 - 2.09 SL - 1.96 WEEKLY DAILY Based on Fractals Calulated on Fibonacci and ATR
ADXBTC wants to test the monthly resistance. Now the price is testing the weekly support. IF the price will have a breakout on daily resistance, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
INFY - It is in impulse 5th wave up, which is extending the price gain. It is in 5th of 3rd of 5th of 5th wave up. stay bullish in pull back near 1090 for target of new high. The risk reward ratio is getting down, so stay small in size. Give thumbs up if you really like the trade idea.
After trading below $11 000 for weeks, Bitcoin finally broke above that psychological level with a 5% increase in the past 24 hours. The alt coins have come along for the ride, and the market cap has jumped by nearly $20 billion since yesterday. The price rally finished 5 impulse Elliott waves pattern and formed an ascending supportive trend. The consolidation...
Been watching JE for a while now ever since they announced their TSX reverse stock split. I bought into the initial pump and dump for quick profits. Now, they also have finalized their NYSE reverse stock split and the stock appears to have levelled out from the resulting dump. Further research of this company shows corporate restructuring, resulting in the...
this pairs will go buy next week Couse this week they are going sell and their sell ends, before I take my trade I look mini double bottom or impulse then correction for confirmation.
1) We have break and retest of the ema 200 and it shows us that it has a strong drop. 2) We have a break of the trend 3) It breaks the ascending channel and it shows us that it will keep going down. 4) We have a nice price action 5) The market breaks with an ipulse and then correction and now we are waiting for the continuation. NICE PROFITS AND HAVE FUN :)
Target 11800 Entry anywhere 10030 SL below last wick
Hello traders! USDCAD is unfolding a bearish impulse, down from 1.371 level, which can be in final stages. We specifically see an Elliott wave ending diagonal underway within a wave v of a bigger, bearish impulse, which can look for a low, support, and a bounce at the 1.313/1.309 level. A sharp recovery, and break above the upper Elliott wave ending diagonal...
Hello traders! Gold remains under pressure as metal made a five wave drop from August 18th, followed by a three wave bounce in the last few trading sessions. This A-B-C rally is a bearish continuation pattern so we think more weakness is coming. Trade well, the EW-forecast team
Hello traders, Soybean meal made a five-wave decline, down from 336.4 level, which is a strong indicator that bears are taking charge in the near-term. We can see a completed five-wave move at the end of May, when price started again recovering, however only for a three legged move. We believe a flat pattern is unfolding within a higher degree wave II now,...
Hello traders, EURAUD made a firm drop, down from 1.98 high, which was set in March. We can see that price made a five-wave development, which is first evidence for a bearish trend being made. That said, a five-wave movement has also found a low in June, so recent recovery can belong to a correction within a trend (wave B/II). We are observing an A, B, C move,...
GBPAUD made an impulse bullish move since the end of august from 0.77000 to 0.84000 at the end of august and since this top the pair is in a range with the low of the range at 0.81400. The pair is still bullish in my eyes and the second bullish impulse move can come soon with the next target at 0.85500 area.