Temporary retrace for the B correction followed by a short position to go down the C corrective wave.
Reached level of support- 50% retrace.
-Long bullish candle rejected support zone; fakeout confirmed. -1H; inverted H&S maybe?-
As price breaks through TL support 3 times, I assume there is still an overall bearish outlook for this exchange rate.
-Bearish divergence -3 bearish candles show bullish momentum decrease. Looking for price to replicate a pullback like this so that I'm able to re-join trend continuation:
After seeing 3 rising peaks previously, price moved down significantly. I assume a similar pattern will occur now also.
-Looking for a break and re-test of resistance zone.
-Price has reached a TL resistance. 1H shows that: Looking to keep a sell open until 1.30180.
I believe the 1.1900 region looks promising before turning around. However, as brexit decision nears to October and the current sell pressure on the weekly chart, we would be looking to make a new low. 1D:
Based off my previous idea, this idea seems more logical. Inverted head & shoulders followed by a re-test of the neckline. The exchange rate also shows a 50% retracement and candles getting smaller and wicks getting longer suggesting a decrease in momentum.
-Long wick formation on support suggests going long until 1.22040 and rejection of TL back down.. or market re-opens and pushes through support to continue short. This coincides with my EURGBP analysis, as GBP loses its value, we'll see the opposite for EURGBP.
Looking fro USDCAD to make moves to 1.32100 after breaking out of support TL.
I need your advice on this particular prediction. Currently in a stage of learning/practicing Elliot Waves. Therefore, do not copy me! It's just an idea of mine. However, everyone can share their own thoughts in the comment section below. Also, don't forget to support me! :)
Price seems to hold at the 26330 area. This suggests a continuation down.
Even when I try to be a bear I think about how most bears just missed the boat and want to buy lower. Which makes me think that Bitcoin getting back to 20k is just a matter of time. Just going to continue using this volatility to learn and grow in mind and pocket until time reveals the truth ;)
Long bullish pin bar signals bullish momentum, followed by a pullback.
This trade is not for traders. Trading 1:1 is very risky and should not be used for a passive Trading strategy. Not only it implies that more than 50% of your trades must be a success, but also making your gain to loss trades 1:1. If you like gambling play luck of bad luck games, don't trade forex like this. I make this trade a 0.01 volume, just for...